Gigasun has not met its sales guidance for 2023.

A preliminary estimate shows that sales for the fourth quarter landed at approximately SEK 47 million, resulting in a total turnover for the full year 2023 of approximately SEK 219 million. This is a deviation from the forecast, presented on August 8, which predicted a turnover of SEK 249 million.

The lower sales can mainly be attributed to weaker solar radiation than expected and a weaker currency than assumed in the forecast. In addition, the increased interest rate on the outstanding bond SOLT4 has contributed to a weaker financial result than anticipated. The outlook for 2024 remains unchanged. The full report will be published on the scheduled date of 20 February 2024.