The shares of the energy company Holaluz have been suspended from trading on the BME Growth since early this morning due to the company’s inability to publish its annual audited financial information on time. According to the accounts communicated to BME Growth, Holaluz lost a total of 26 million euros in 2023, a significant increase from the 5.1 million losses in 2022.
BME announced yesterday that it had suspended the trading of Holaluz shares due to the company’s failure to meet its obligation to publish the auditor’s report corresponding to the financial information for the year 2023. The suspension came into effect at 8:00 a.m. today, and Holaluz has not provided any updates on the situation.
Holaluz is currently negotiating the acquisition of financial aid amounting to 21 million euros, including a 10 million euro loan from the Catalan Institute of Finances. The delay in obtaining this financing has prompted the company’s management to consider the possibility of presenting a pre-contest affidavit, as detailed in the management report sent to BME Growth.
The company is facing challenges in the market, particularly due to the decline in the photovoltaic panel industry. This situation has also affected other companies in the sector, such as SolarProfit, which has requested pre-bankruptcy. Additionally, Holaluz announced an ERE for approximately 200 workers last November, citing a slowdown in the solar business in the residential sector.
In a similar situation, SolarProfit, a photovoltaic self-consumption group based in Llinars del Valls (Barcelona), has also had its trading suspended and filed for pre-bankruptcy. The company stated that it is in negotiations with creditors to reach a restructuring plan due to liquidity tensions affecting payment deadlines.