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Business Summary: Raen SA, formerly known as Punkpirates SA, is a Poland-based company primarily engaged in the renewable energy sector. The Company focuses on the provision of energy solutions in the field of photovoltaic technology. The Firm’s offer includes design, construction, service and maintenance of photovoltaic installations. In addition, Raen SA conducts energy consultations and energy audits. The Company provides its services to individual clients, as well as enterprises and local governments, enabling them to switch to sustainable energy sources.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Raen SA revenues increased from PLN16K to PLN22.5M. Net income totaled PLN2.8M vs. loss of PLN1.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Basic Earnings per Share excluding Extraordinary Items increased from -PLN0.06 to PLN0.06.