The Schletter Group had already reported strong growth in 2022 and, with annual revenue of around EUR 342 million, had moved into the top ten of the world's largest manufacturers of solar mounting systems.
See also: Schletter Group extends logistics and production
In addition to the positive cash flow, the Group's overall financial position is very strong. Cash and cash equivalents of EUR 42 million are offset by financial liabilities of EUR 66 million resulting from the bond placement in 2022. At 0.8, the ratio of total senior secured debt to adjusted EBITDA also remains very low.
The number of employees has also continued to grow. In the first quarter of the year, the group hired more than 180 new staff worldwide and now employs more than 700 people.
Also interesting: One of the largest rooftop solar projects in Bavaria completed
Like most companies in our industry, Schletter is currently preparing for Intersolar Europe, which will be held in Munich in June. At the show, the company will be unveiling two major product innovations: a new Agrivoltaics system and a PV carport. (mfo)
