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Savosolar Savosolar Plc Business review 15 October 2021 at 8.30 a.m. ( CEST ) Savosolar Plc's business review for January - September 2021 Key figures in July - September 2021 • Savosolar's revenue in July - September amounted to EUR 0.5 million ( July - September 2020 : EUR 1.7 million ) . • Operating result ( EBIT ) in July - September amounted to EUR -1.0 million ( EUR -0.8 million ) . • Net result for July - September totalled EUR -1.2 million ( EUR -1.0 million ) . Key figures in January - September 2021 • Savosolar's revenue in January - September amounted to EUR 2.2 million ( January - September 2020 : EUR 3.7 million ) . Operating result ( EBIT ) in January - September amounted to EUR -3.2 million ( EUR -2.6 million ) . Net result for the period totalled EUR -3.5 million ( EUR -3.5 million ) . Savosolar's CEO Jari Varjotie : " The revenue growth fell short of expectations both in the third quarter and for the entire reporting period . This was partly due to the postponement of investment decisions during the Covid pandemic , in addition to which many European operators have chosen to wait for the country - specific guidelines of the clean energy programmes under the EU Green Deal before their investment decisions . We believe that the Green Deal programmes , together with the growing demands to fight climate change , speed up the investment decisions of both companies and public operators . Our revenue for the third quarter amounted to EUR 0.5 million which is less than the year before . In January- September , our revenue was EUR 2.2 million and operating result EUR -3.2 million . Our most significant delivery of the year to date was the handover of the largest solar heating plant in France to Kyotherm Solar in June , the inauguration of which was celebrated in September . The completion and handover of solar thermal systems to Creutzwald , France , as well as to Narbonne and Pons , will take place during the last quarter . In addition to the Covid - 19 pandemic , deliveries have been slowed down by the prolonged delivery times of certain components . The solar thermal system for ABSOLAR SAS's pilot project in the city of Cadaujac in France is in the commissioning stage . Savosolar also has an exclusivity agreement for designing and delivering ABSOLAR's second solar thermal plant . The implementation of this project , worth around EUR 2.5 million , is pending the customer's investment decision . In May , we signed a delivery contract with Guangzhou Power Supply Bureau , Guangdong Power Grid Co. , Ltd for a solar heating system delivery in Guangzhou , China . The value of the pilot system is approximately EUR 0.5 million . The system is expected to be delivered by the end of 2021 . Savosolar's order backlog at the end of September stood at about EUR 0.6 ( 2.2 ) million . The value of the projects in the planning and bidding phase , including the identified active sales targets for nearest coming