Kurs & Likviditet
Beskrivning
Land | Norge |
---|---|
Lista | OB Match |
Sektor | Energi & Miljö |
Industri | Energikällor |
2022-03-24 07:30:00
The Board of Directors of Otovo AS has approved the annual accounts for 2021,
and the 2021 Annual Report has been published on 24 March 2022.
Please find the report attached. It is also available at www.investor.otovo.com.
The annual report also includes Otovo's Sustainability report for 2021.
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Looking back at the year, CEO Andreas Thorsheim remarks that "Otovo has
delivered on targets and guidance, and kept a pace above the 100 percent
compounded annual growth rate that we have indicated for investors".
- The three successful (country) launches boosted our confidence, proving to us
that the model allows us to compete in every relevant market and that we can be
the first residential solar company to reach continental scale in Europe, writes
Thorsheim.
2021 saw Otovo add batteries to its offering, starting in Italy, where two out
of three solar panel customers in Q4 also bought a battery. This increases
Otovo's revenues and gross profits significantly. Batteries from Otovo will
become a regular sight in homes across Europe in the years to come.
Otovo's subscription offering, where homeowners can start generating cheap
renewable energy without having to pay the upfront costs, has been received with
enthusiasm. This product yields 3-4 times higher profits per customer and
provides a long-lasting, recurring stream of revenue.
Going into 2022, Otovo is highly confident in continued rapid growth, adding 6
new countries and closing in on the goal of becoming the first pan-european
player in the market.
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About Otovo
For homeowners, Otovo is the easiest way to get solar panels on the roof, and
batteries in the home. Otovo is a marketplace that organises hundreds of local,
high quality and qualified energy installers. The company uses its proprietary
technology to analyse the potential of any home and finds the best price and
installer for customers based on an automatic bidding process between available
installers.
***
Follow us on investor.otovo.com for reports, financial calendar, contact
details, and more.
For further information please contact:
Sondre Bergløff
Investor Relations
sondrebe@otovo.com
+47 47 26 06 70
Petter Ulset
CFO
petterul@otovo.com
+47 97 34 37 47