Financials

Estimates*

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Revenues, earnings & profits over time
EUR2017201820192020202120222023
Revenues11.7m21.3m17.7m7.2m9.2m4.8m5.4m
% growth88 %82 %(17 %)(59 %)29 %(48 %)13 %
EBITDA4.2m5.6m<1m(3.1m)(7.9m)(6.1m)-
% EBITDA margin36 %26 %5 %(44 %)(86 %)(127 %)-
Profit2.3m3.6m(3.9m)(9.2m)(12.7m)(6.2m)-
% profit margin20 %17 %(22 %)(128 %)(137 %)(130 %)-
EV / revenue-3.4x5.1x8.8x10.2x17.3x-
EV / EBITDA-13.1x104.0x-20.3x-11.9x-13.7x-

Source: Dealroom estimates

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DateInvestorsAmountRound
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N/A

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N/A

Seed
*
N/A

N/A

-

€180k

Grant
N/A

€38.0m

Grant
*

€32.3m

Grant
*

SEK8.0m

Grant
Total Funding€71.3m

Recent News about Midsummer

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More about Midsummerinfo icon
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Midsummer is a leading company in the solar energy sector, specializing in the production of advanced thin-film solar panels. The company offers three main products: Midsummer SLIM, Midsummer WAVE, and Midsummer BOLD, each designed to cater to different market needs with unique features such as flexibility, lightweight, and high efficiency. Midsummer primarily serves clients in the renewable energy market, including residential, commercial, and industrial sectors. The business model revolves around manufacturing and selling these solar panels, as well as providing installation and maintenance services. Revenue is generated through direct sales of products and services, as well as long-term contracts and partnerships. Midsummer operates globally, with a strong presence in Europe and expanding markets in Asia and North America. The company is committed to sustainability and has received high ratings in ESG (Environmental, Social, and Governance) assessments.

Keywords: thin-film solar panels, renewable energy, flexible solar panels, lightweight solar panels, high-efficiency solar panels, residential solar, commercial solar, industrial solar, sustainability, ESG ratings.

Tech stack

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