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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 nine months ended 30 September 2023, Raen SA revenues increased from PLN14K to PLN15.9M. Net income totaled PLN1.9M vs. loss of PLN390K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Other SGA expenses decrease from PLN528K (expense) to PLN0K, As Reported Other Operating Income increase from PLN0K to PLN198K (income).