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2015: Year of Strong Performance for SYSTEMS SUNLIGHT

March 8, 2016
  • Increase of turnover by 14% from €119.6 million in 2014 to €136.6 million in 2015
  • Higher earnings before interest, taxes, depreciation and amortization (EBITDA), by 31%, from €10.2 million in 2014 to €13.4 million in 2015
  • 2nd largest production plant of industrial batteries in Europe with production growth at 29%
  • Exports, covering 92% of the industrial turnover, in 100 countries, combined with stronger penetration of the Asian and African market

 Athens, 8 March, 2016

2015 was a year of impressive growth for SYSTEMS SUNLIGHT according to the financial results announced by the Company. SUNLIGHT is a member of Olympia Group which belongs to the interests of Panos Germanos. The consistent and successful financial performance is reflected in the increase of turnover and profitability before interest, taxes, depreciation and amortization (EBITDA) in line with the impressive production growth and the strengthening of the company’s export orientation. SUNLIGHT RECYCLING demonstrated impressive financial results as well, along with the commencement of the operation of its lead recycling plant.

Specifically, during the year 2015, SYSTEMS SUNLIGHT achieved a significant increase of turnover by 14%, with sales accounting for €136.6 million versus €119.6 million in 2014. In a similar pattern, earnings before interest, taxes, depreciation and amortization (EBITDA) posted significant growth by 31% reaching €13.4 million versus €10.2 million in 2014. The Company further strengthened its export orientation during 2015 which proved to be a strong year for industrial batteries sales. Exports represented 92% of turnover and were channeled to 100 countries, whereas the Company achieved stronger penetration of the Asian and African market.

2015 was also a record year in terms of production which increased by 29% compared to year 2014, placing SUNLIGHT as the 2nd largest production plant in Europe. The higher production level was accompanied by a larger number of personnel which is steadily rising over the last years and currently accounts for 620 employees versus 413 employees in 2013.

The Company’s dedicated strategy in the area of industrial batteries over the last years constitutes the cornerstone of its successful financial results and its broadly upward performance in conjunction with its customer oriented approach. 2015 constitutes so far the best year for the company when it comes to innovation development, strengthening of position in the international market and deployment of strategic partnerships.

The results of SUNLIGHT RECYCLING were equally impressive. During its first year of operations, the company contributed significantly to the results of the parent company SUNLIGHT via the vertical integration of its production process. Commenting on the financial results of year 2015, the Chairman and Chief Executive Officer of SUNLIGHT, Mr. V. Billis, noted the following: «2015 was another year of dynamic growth which is reflected in the stronger financial results and the higher export orientation through our activities in 100 countries and in collaboration with 500 customers. With the traction batteries becoming the major growth driver, with sales of over €90 million, we continue to deliver strong performance in year 2016. Our target is to achieve consistent growth, production and trade of high quality batteries, which constitute the optimal selection for our customers, in the context of the global market place, in which we activate for years now in an ethical manner. This factor is of great importance for both SUNLIGHT and our country».


SYSTEMS SUNLIGHT SA, belonging to the interest of Panos Germanos, has dynamically entered its third decade of presence in the international market. The company designs, produces and distributes batteries for industrial, advanced and consumer use. SUNLIGHT is among the top producers of energy systems and products globally, offering total and reliable solutions for energy storage in areas with high requirements, such as Industrial Production, Supply Chain and Transportation, Telecommunications, Renewable Energy Sources, Construction, Information Technology, Infrastructure Works and Defense.

For additional information you may contact:

  • Ms. Kallia Mylonaki, V+O Communication, 30 210 7249000 (231), 30 6936 750456,
  • Ms. Trokoudi Anthi, Communication Director of Panos Germanos Group of Companies, 30 210-8181580, 30 6932 100053,