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Business Summary: Erato Energy SA, formerly Erato Energy Alternatywna Spolka Inwestycyjna SA, is a Poland-based company primarily engaged in the renewable energy industry. The Company is operating on the renewable energy market and is engaged in sales and installation of photovoltaic installations, but also heat pumps and energy storage solutions. The Company is offering their installation services and products to private customers, business and agriculture. Moreover, the Company provides assistance insurance of photovoltaic installation, which combines property protection with guaranteed service support in case of a breakdown. Through its subsidiaries, the Company is engaged in investment activity, investing in stocks and shares of companies at an early stage of development through TIG ASI Sp z oo as well as through T&T Consulting Sp z oo is offering capital market consulting.
Financial Summary: BRIEF: For the nine months ended 30 September 2024, Erato Energy SA revenues decreased 52% to PLN6.5M. Net loss increased 54% to PLN3.1M. Revenues reflect Sales of Goods & Services - Net decrease of 48% to PLN6.5M, Sales of Goods & Materials - Net decrease of 96% to PLN53K, FV Adjustment - Equity decrease from PLN4K to PLN0K. Higher net loss reflects G/L on Sale of Tangible & Intangible FA decrease of 86% to PLN39K (income).