Holaluz has postponed the presentation of its 2023 results and the update of the first quarter of 2024 to May 9 at noon, which was originally scheduled for this Friday at 10:30 a.m.

As reported by the renewable energy marketer to BME Growth, this delay is due to “the additional administrative procedures” that its auditors are carrying out in order to publish the audit report and the complete management reports.

The BME Growth market suspended the listing of Holaluz since this Thursday, which has not been able to present in time the complete information corresponding to the end of the 2023 financial year. At the time of its suspension, Holaluz shares were at a price of 2.57 euros per share.

Last Wednesday, Holaluz presented losses of 26 million euros in fiscal year 2023, which multiplied by five its ‘red numbers’ of 5.1 million from the previous year.

However, the accounts presented by the company were not endorsed by its entire board of directors, since the representatives of the funds Axon Capital e Inversiones and Geroa Pensioak, two of the seven members of the governing body, were against with the report sent to the market.

For this reason, the company indicated that it would make its audit report public “before the end of this week”, once the “additional administrative procedures by the auditor” are carried out. The remaining five councilors did vote in favor of the formulation and approval of accounts.

Now, the company has delayed the presentation of its 2023 results, scheduled for this Friday, to May 9 at 12:00 p.m.

On April 22, Holaluz announced that it planned to sign loans of around 15 million euros and an equity line of up to six million that same week, with which to address its liquidity problems.