The general meeting of shareholders of ECOENER approves the results for the 2021 financial year

The general meeting of shareholders of ECOENER approves the results for the 2021 financial year

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The company released its first annual Sustainability Report, certified by TÜV SÜD.

The General Shareholders' Meeting of Ecoener, the Galician multinational renewable energy group, today approved the individual and consolidated accounts for the 2021 financial year.

The company also released its first Sustainability Report, which has been audited by the international certifier TÜV SÜD, which has verified that it has been prepared in accordance with the requirements established in the GRI (Global Reporting Initiative) standards.

The document, which will be published
on an annual basis, collects information on performance in the field of social responsibility, governance and the environment (ESG)to respond to a society that is increasingly aware of and committed to sustainability.

In addition, during the year 2021,
Ecoener has promoted the improvement of Corporate Governance with the creation of three committees: audit, appointments and remuneration, and sustainability. Precisely, the latter, sustainability, makes Ecoener one of the few companies of its size, within the sector, to have a commission of these characteristics.

On the other hand, the data collected in the individual and consolidated annual accounts meet the forecasts made by the company in May 2021, on the occasion of its IPO. They reflect revenues of 39.9 million euros, 19.8% more than in 2020, and a profit of 5.6 million euros. The
Ebitda stood at 22.5 million euros26% more, and operating cash flow by 15 million euros, 66% higher than the previous year.

In this sense, the president of the company, Luis de Valdivia, stated before the shareholders that
“Ecoener has met the operating and growth objectives that we had committed to” and "we have done so in a global context of great uncertainty and economic volatility."

The group reached in 2021 a production of
344 GW, 16% more than in 2020, thanks to the significant increase in installed power, which went from 133 to 171 MW during the year. The company's objectives focus on achieving stable and sustainable annual growth rates over time
. “We are a reliable company with good growth prospects for the coming years”, he pointed.

The Ecoener General Shareholders' Meeting also ratified the appointment of Rafael Canales Abaitua as proprietary director to replace Carlos González-Bueno.

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