Solar Foods Proceeds With Factory 02 With Partners, Specifies Financing Needs

About this update from Solar Foods Oyj Class K

Solar Foods Oyj OMXHEX:SFOODS : SAID ON TUESDAY DECIDED TO PROCEED WITH FACTORY 02 FACILITY WITH NETWORK OF STRATEGIC PARTNERS CONSTRUCTION TO BE CARRIED OUT IN THREE PHASES CAPACITY OF FIRST PHASE IS 3.2 KILOTONS PER YEAR, TOTAL INVESTMENT EUR 134 MLN, INCLUDING PARTNERS SECOND PHASE CAPACITY 6.4 ANNUAL KILOTONS, TOTAL INVESTMENT OF EUR 182 MLN, INCLUDING PARTNERS POTENTIAL THIRD PHASE TO INCREASE CAPACITY TO 12.8 KILOTONS PER YEAR COMPANY’S EQUITY REQUIREMENT WOULD BE ABOUT EUR 25–35 MILLION OF EUR 110 MILLION NOTIFIED IPCEI GRANT, EUR 44 MLN HAS BEEN GRANTED, EUR 21 MLN RECEIVED, AND ABOUT EUR 23 MLN REMAINS UNPAID EUR 66 MLN IS STILL UNGRANTED IS EXPLORING IMPLEMENTATION OPTIONS WITH GOVERNMENT FOR UTILISING REMAINING GRANT NOTIFICATION FOR PROJECT ESTIMATES FOR COMPANY'S INCOME STATEMENT BY 2030: REVENUE EUR 97–119 MLN ESTIMATES FOR COMPANY'S INCOME STATEMENT BY 2030: EBITDA EUR 34–42 MLN, EBIT EUR 31–37 MLN Source text for Workspace: Further company coverage:

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