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→ Savosolar Savosolar Plc Business review 26 April 2021 at 8.30 a.m. ( CEST ) Savosolar Plc's business review for January - March 2021 Key figures in January - March 2021 • Savosolar's revenue in January - March amounted to EUR 0.7 million ( January - March 2020 : EUR 1.3 million ) . • Operating result ( EBIT ) in January - March amounted to EUR -1.1 million ( EUR -1.0 million ) . Net result for January - March totalled EUR -1.2 million ( EUR -1.1 million ) . Savosolar's CEO Jari Varjotie : " Our Narbonne , Pons and Cadaujac projects currently in the delivery stage progressed as planned during the first quarter . The systems in Issoudun and Creutzwald have been in use for most of the early part of the year , producing clean energy to our customers , but their final handovers were postponed to the second quarter . Revenue for January - March remained below that of the last year's first quarter . Our revenue mainly comes from projects , i.e. from their percentage - of - completion revenue recognition according to cumulative costs . It is typical of project - based operations that the revenue of individual quarters may vary significantly depending on the degree of completion of the project deliveries . In the development of our operations , we have put special effort in increasing the efficiency of the execution of multiple concurrent projects and in the development of project procurements . Indeed , this development work has already yielded good results . As the volume of our deliveries will continue to grow , the ability to efficiently deliver multiple projects at the same time will be of pronounced significance . We have continued our determined efforts to develop our operations towards profitable business . Our operating result for January - March was EUR -1.1 million . Net result for the period stood at EUR -1.2 million . Our order backlog at the end of March stood at EUR 1.3 million , compared to EUR 3.2 million a year ago . The order backlog of the comparison period was increased by the large orders , Issoudun and Creutzwald . In the company's sales management system , the total value of projects in the tendering and planning stage amounted to approximately EUR 138 million ( EUR 117 million at the end of 2020 ) . In the figure at the end of March can be seen the growing interest of industries in the use of clean solar energy for their process heating , and the budgetary offers made for such projects . In Germany , we won a competitive tendering in March concerning the delivery of a solar thermal system to Stadtwerke Lemgo GmbH , but the contract negotiations did not lead to an agreement . The fact that Savosolar won the competitive tendering serves as ample proof that our determined work on the solar thermal systems market has strengthened our foothold in Central Europe . The market outlook for solar thermal energy remains very favourable especially in Europe , as both companies and cities seek genuinely clean solutions for heat generation . Interest towards clean heat generation is