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Enersense announced on 29 April it is writing down a EUR 6m receivable after an arbitral tribunal’s decision in Lithuania. Enersense is withdrawing its FY/24 EBITDA guidance (EUR 15-25m). The tribunal decided regarding a dispute between Enersense and Lithuanian electricity transmission system operator Litgrid about receivables and deliveries concerning two projects in Lithuania in 2021-23 that Litgrid is to pay to Enersense EUR 1m. Enersense had receivables of EUR 7m in 2022.
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