Solrn E4U is likely to pay a record dividend, even though last year it produced the least amount of electricity in the decade

Shares of E4U long-term fall on the stock exchange between dividends. While for a decade the company has paid a stable dividend of 5.60 K, last year it was 7.20 K, and last year it was 14.25 K. The company announced on Thursday that Vron, for the first time, showed a year-on-year drop of 10 percent in consolidated profit, indicates that the dividend could even double this year. Consolidated profit per share last year fell to around 18.80 K, when E4U paid out 44.9 million K. The company was therefore unable to link it to the previous year’s growth economy – the record was the reported profit for the previous year in the amount of 49.4 million .

Last year, the world experienced a 7% decline in the production of electronics. Two solar parks operated by the company in the region of Moravia with a total installed power of 4.4 MWp produced only 4,764 MWh of electricity. Mine was last produced in 2014. Pesto company collected a record 92.5 million k.
E4U then it even increased by 68% to 9.6 million K financial income in connection with the purchase of the group’s promissory notes J&Twhich we last wrote about in the link Solrn E4U broke the growth wave of the economy, in the first half of the year the profit of meziron fell by a fifth.

The decrease in certain profit thus affected the difference between other operating expenses and, consequently, taxes on profit. E4U paid K 19.5 million, while two years later it paid K 11.8 million.

Dividend growth jump?

Transactions with the subsidiary company historically indicated which company ordered to pay a stock dividend SANERGY. The latter is the main link of the group’s economy thanks to the ownership of solar photovoltaics, and how much money is transferred to the parent company for the final dividend by shares. E4U In the past, it was not proud to pay out a profit of usually K 14.5 million, which then traditionally resulted in a dividend for shares of K 5.60. In 2021, the dividend was increased to K 18.5 million. K 7.20. A year later it was K 35 million, which resulted in a record dividend last year E4U at vi 14.25 K. This time bag E4U decided to withdraw even K 70.5 million from the company SANERGIE. As a result, the unconsolidated profit of the parent company E4U after deducting expenses last year was K69.2 million. This indicates a potential dividend of K28.95 per share.

The general meeting, which should take place by the end of June at the latest, decides on the dividend from the Kadoron Act. The company has not yet published the deadline for the year, as well as the proposed dividend and the decision date for the year. However, the standard term is set for the second half of the year, so then the payment itself follows on the second half of the year.

No green bonus

The wild evolution in the prices of electronics in the last 3 years or so has affected this behavior E4U. As we mentioned a year ago, the company has secured the sale of electronics manufacturing for 5,570 K/MWh on the market for 2023. Due to the established government ceilings, the price actually decreased to approximately 4,607 K/MWh, the same as the reduction tradition, the so-called green bonus. At the Dubany PV plant, it fell to 14,269 K/MWh, or at FVE Ratkovice to 13,022 K/MWh. After the public support and evaluation of the offer for the sale of electrical energy in the summer year, SANERGIE even evaluated the form of support in the green bonus regime as inappropriate compared to the forms of support in the purchase price regime. For this reason, it was decided that for this year the company switched from the green bonus regime to the purchasing price regime. For how much SANERGIE could sell the produced electricity for this year, the Vron bag is not at all worried this time.

Under the blood of traditions, however, the production of electronics per year in the first months of the current year. The same as, for example, competitors PHOTON ENERGY, while the company did not work. It can be very, very extreme. Her last year E4Urecorded a decrease in production to 766 MWh. This year, the bag even produced only 439.6 MWh, while both power plants were again in full operation. So the weak result in the water of the year in recent years what to look for and in the context it is possible to look for weak production not in 2014 for the year.

Transaction with J&T on the way

From Vron, it appeared at first that E4U failed to evaluate free financial means through J&T Bank’s promissory notes. At the end of the year, she only had K25 million worth of them, while a year later she had two for K99 million. In 2022, the promissory notes purchased in 2022 reached their maturity last fall, E4U bought only one, its maturity is this year in z. Pinst m vnos 8.5% p.a

It can be noted that E4U shares, in response to the published Vron, recorded significant investor activity during the week. In this case, the number of emissions traded by the team was 900,000. K was the most volatile volume. The price rose to near all-time highs, with trades taking place even at a rate of K195. Finally, the title settled at K178, which E4U values ​​at just under K426 million.