Athena Investments A/S reported unaudited consolidated earnings results for the six months ended June 30, 2018. For the six months, the company reported revenue of EUR 27,191,000 compared to EUR 28,413,000 a year ago. Operating profit was EUR 12,963,000 compared to EUR 12,642,000 a year ago. Profit before tax was 7,407,000 compared to EUR 6,678,000 a year ago. Profit for the period was 5,438,000 or EUR 0.05 per basic share compared to EUR 4,919,000 or EUR 0.05 per basic share a year ago. Cash flow from operating activities was EUR 13,464,000 compared to EUR 10,366,000 a year ago. EBITDA was EUR 20,259,000 compared to EUR 20,324,000 a year ago. Return on equity was 2.7% compared to 2.4% a year ago. Purchase of property, plant and equipment was EUR 206,000.

The company provided operating and earnings guidance for the year 2018. For the year, the company expects net production in the range of 310 – 335 (GWh).

For the year, the company expects total revenue of EUR 56 – 60 million, EBITDA EUR 32 – 35 million, total EBITDA EUR 38 – 42 million.