Photon Energy N.V., the holding company for Photon Energy Group, is a growing company with solid values and a future facing business model.
share development
Warsaw Stock Exchange
Frequency: 12 M
share price
Warsaw Stock Exchange
Last update:
9.12.2022 17:00
Change:
- 0.84 %
Why invest:
the Share in detail:
ISIN
NL0010391108
WKN
A1T9KW
Shares outstanding
56,411,978
Free-float shares
13,923,528
Market cap
PLN 688,226,132
Solar Future
36.29 %
Solar Power to the People
34.52 %
The Company
5.98 %
Free-float
23.21 %
Solar Future and Solar Power to the People are controlled by the co-founders of Photon Energy N.V.
Dividend Policy
In the mid-term, the dividend policy does not foresee a pay-out of earnings, so the management board intends to make a recommendation to the shareholders’ meeting that all profits remain accumulated in the company and reinvested in new projects.
Analytic assessments of the Photon Energy N.V. share.
Photon Energy N.V. updates the analysts’ overview on a regular basis. Photon Energy N.V. makes no guarantee and accepts no liability for the completeness or accuracy of the information provided. The ratings shown here merely reflect the opinions of the financial institutions or analysts mentioned therein. Photon Energy N.V. accepts no responsibility for the ratings and cannot be made liable or forced to issue any warranty for the same. We recommend that interested parties obtain research reports directly from the respective analysts or from their employers.
CONTACTS
| Institution | Analyst | Phone | |
|---|---|---|---|
| AlsterResearch | Dr. Oliver Wojahn | +49 40 309 293 55 | o.wojahn@alsterresearch.com |
| IPOPEMA | Robert Maj | +48 22 236 92 90 | robert.maj@ipopema.pl |
| WOOD & Company | Ondrej Slama | +420 222 096 484 | ondrej.slama@wood.cz |
ASSESSMENTS
| Institution | Rating | Target Price* | Date |
|---|---|---|---|
| AlsterResearch | Buy | EUR 4.20 PLN 19.67 CZK 102 | 10 November 2022 |
| IPOPEMA | Buy | EUR 3.12 PLN 14.58 CZK 76 | 24 May 2022 |
| WOOD & Company | Buy | EUR 3.70 PLN 17.31 CZK 90 | 21 July 2022 |
| Consensus | EUR 3.67 PLN 17.19 CZK 89 |
*Prices in bold stated by research reports; other currencies included for reference.
Why invest:
Green EUR Bond 2021/2027
Active
ISIN
DE000A3KWKY4, Open Market in Frankfurt
Denomination
EUR 1,000
Coupon
6.50% p.a., quarterly payments
Volume
EUR 77.5 million
Redemption Date
22.11.2027
Covenants
Scoring
4 / 5
Prospectus
Prospectus (Summary)
Prospectus Supplement No. 1 from 6 October 2022
Green Financing Framework
Second Party Opinion
* Subject to current legal framework requirements. The sum of interest-bearing debt capital and equity capital are used as total capital to determine the Equity ratio.
CZK Bond 2016/2023
Active
ISIN
CZ0000000815, Free Market in Prague
Denomination
CZK 30,000
Coupon
6% p.a., monthly payment
Volume
CZK 76 million
Redemption Date
12.12.2023
Covenants
Prospectus
EUR Bond 2017/2022
Ended
ISIN
DE000A19MFH4, Open Market in Frankfurt *
Denomination
EUR 1,000
Coupon
7.75% p.a., quarterly payment
Volume
EUR 45 million
Redemption Date
27.10.2022 (fully repaid)
EUR Bond 2013/2018
Ended
ISIN
DE000A1HELE2, Open Market in Frankfurt
Denomination
EUR 1,000
Coupon
8% p.a., quarterly payment
Volume
EUR 10.3 million
Redemption Date
12.03.2018 (fully repaid)
Supervisory Board and Audit Committee
The supervisory board provides guidance and oversight to the management board on the general affairs of the company. They also serve as audit committee. The current members were appointed on 4 December 2020, for a period of four years.
Profile of the Supervisory Board Members
Rules of Procedure of the Supervisory Board
Terms of Reference of the Audit Committee
Rotation Schedule and Succession Policy
Code of Conduct
General Meetings
Minutes of the Annual General Meeting Held on 31 May 2022
Minutes of the Extraordinary General Meeting Held on 5 August 2021
Deed of Amendment of the Articles of Association EN
Deed of Amendment of the Articles of Association NL
List of Participating Shareholders
Minutes of the Annual General Meeting Held on 1 June 2021
Remuneration Policy adopted by the AGM on 1 June 2021
Minutes of the Extraordinary General Meeting Held on 4 December 2020
Minutes of the Annual General Meeting Held on 29 June 2020
Corporate Documents
Auditor
From the financial year 2013 to 2019 the company's management board appointed Grant Thornton Accountants en Adviseurs B.V. to serve as the auditor for Photon Energy N.V. and the group with its subsidiaries. The appointments were confirmed by the General Meetings of Photon Energy N.V. The auditor's report is part of the Annual Report, which can be downloaded on the Reports page.
For the financial year 2020, the company's management board has appointed PricewaterhouseCoopers Accountants N.V. to serve as the auditor for Photon Energy N.V. and the group with its subsidiaries. The appointment was confirmed by the Extraordinary General Meeting of Photon Energy N.V. held on 4 December 2020.
Quarterly Reports
Entity & Consolidated Financial Report for Q3 2022
2Q2022 Management Report & 1H2022 Interim Consolidated Financial Statements
Monthly Reports
Monthly Report for October 2022
Monthly Report for September 2022
Monthly Report for August 2022
Ad Hoc Reports
ESPI Report 53 - 08.12.2022 - Photon Energy Group Mandates BankM AG as Designated Sponsor, Shares Start Trading in XETRA
ESPI Report 52 - 24.11.2022 - Photon Energy Group Acquires Majority Stake in Lerta and Plans Full Takeover Before Year-End 2022
ESPI Report 51 - 24.11.2022 - Non-public Report - Non Public Disclosure of the Delayed Inside Information Related to a Commencement of Negotiations for Potential Acquisition of up to 32.48% of Shares in the Share Capital of Lerta SA
We are committed to clear, open communication with our investors. If you want to learn more about investing in Photon Energy Group, we would love to hear from you.
Emeline Parry
Investor Relations and Sustainability Manager
Joanna Rzesziewska
Investor Relations Manager
+420 702 206 574
Stay up-to-date on Investor Relations news and developments.
CEO and Co-founder
Georg co-founded Photon Energy in 2008 and was the company’s CFO until 2011. In that year he was appointed CEO and has since spearheaded the group’s expansion in Europe and overseas.
Georg has extensive knowledge of the solar energy industry as well as in international finance. Before Photon Energy, Georg established Central European Capital in 2000, a regional finance and strategy advisory boutique. He has also held various positions in financial services in London, Zurich and Prague.
Georg is an Austrian national and holds a Masters in Finance from the London Business School.
CTO and Co-founder
Michael developed one of the first large photovoltaic installations in the Czech Republic before co-founding Photon Energy in 2008. Michael was CEO of Photon Energy until relocating to Australia to start Photon Energy Australia in 2011. Apart from growing the Australian business, Michael is instrumental in driving Photon Energy’s off-grid and solar-hybrid power solutions.
Before Photon Energy, Michael ran an investment boutique arranging Eurobond issues and offering sell-side M&A advisory. Between 1994 and 2004, he was an analyst and head of fixed income sales at ING and Commerzbank Securities in Prague.
Michael is an Australian and Czech national and holds an MBA from the US Business School in Prague.
Member of the Supervisory Board
Boguslawa Skowronski is an entrepreneur, technology start-up ecosystem builder, VC and angel investor. She has gained financial experience in organizations such as Union Bank of Switzerland in Zurich, European Bank for Reconstruction and Development in London and Capital Solutions proAlfa in Warsaw, a company which she founded. She is an active member of the Polish capital market and has advised many companies on their capital market strategies and transactions. Mrs. Skowronski is a co-founder and a board member of MIT Enterprise Forum CEE, an equity-free start-up acceleration program, as well as Partner at FounderPartners, organization helping tech founders build a large business in the U.S. She has a Bachelor of Science in Engineering from the Massachusetts Institute of Technology and is a graduate of Harvard Business School.
Mrs. Skowroński is an independent Supervisory Board member as defined by the Dutch Corporate Governance Code.
Chairman of the Supervisory Board and Member of the Audit Committee
Marek Skreta is the co-founder and CEO of P4 Wealth Management in Zurich and serves as a member of the board and head advisor at R2G in Prague, a private investment platform which he helped to establish. Prior to this, he was a managing director at UBS Switzerland AG and a director at Credit Suisse in Zurich. His earlier professional experience included providing advisory services to family offices and private equity funds on investments in the CEE region and M&A transactions.
Mr. Skreta earned his doctorate and Master’s in Business Administration and International Relations at the University of St Gallen. He was also a visiting scholar and associate at Harvard University.
Mr. Skreta is an independent Supervisory Board member as defined by the Dutch Corporate Governance Code.
Member of the Supervisory Board and Chairman of the Audit Committee
Ariel Sergio Davidoff (Swiss national) is a partner at Lindemannlaw, an international law firm based in Zurich. The law firm focuses on UHNW entrepreneurs and regulated clients, such as banks, external asset managers and mutual funds. Ariel serves on a small number of boards of successful companies.
Prior to joining Lindemannlaw, Ariel held various positions in the banking industry in Switzerland and Lichtenstein, including the position of CEO. In addition, he recently co-funded several companies in the Swiss financial sector. Due to his regulatory, economic and legal background, Ariel’s main areas of expertise are governance, risk management and audit.
Ariel holds various degrees, including a Doctorate of Business Administration by the University from Southern Australia, Adelaide, an MBA from the University of Rochester, NY and an LL.M. in International business law from the University of Zurich. He has also successfully completed the Certified Board Member Certificate of Advanced Studies at the University of Berne, Switzerland.
Ariel is an independent Supervisory Board member as defined by the Dutch Corporate Governance Code.
