BRIEF

on Schletter International B.V. (isin : NO0012530973)

The sustained growth of Schletter Group despite market challenges

The global manufacturer of solar mounting systems, Schletter Group, has experienced continuous growth in 2023, with a 13% increase in its annual turnover compared to the previous year. This growth is noteworthy despite the cyclical slowdown experienced in the European rooftop systems market in the second half of the year. Additionally, the company has secured new double-digit million financing agreements and has advanced its diversification by developing new products.

Despite the decline in sales in the roofing sector due to the stagnation of PV projects in Europe, these results reflect a positive evolution of the company. Schletter Group also experienced a 67% growth in ground installations compared to the previous year, thus offsetting the decline in roofing business. With major orders in various countries, the company continues to strengthen its presence in the global market.

Schletter Group has also expanded its product offering with the launch of SolFarm, a vertical agri-PV system, and a new carport system, the Schletter SunRide, marking its position in the growing market of solar carports. These developments, combined with the optimization of production, supply chains, and logistics, position the company for long-term dynamic growth.

R. H.

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