The independent Swiss solar power producer generated revenues of $43.2m in the nine months to September, 6.3% down compared with the corresponding period in 2013.
Solar-related revenues are subject to seasonality, and on an annual basis, expected irradiation in Italy varies less than 10% year on year.
"The impact of seasonality on Etrion's business should decrease over time as the group secures additional projects in Chile, given the northern and southern hemisphere profile," it says.
Etrion