PARIS (Agefi-Dow Jones)–Renewable energy producer Neoen on Tuesday confirmed its financial results and production targets and published a marked increase in turnover for the first quarter, driven by an increase of 20% of its electricity production.
Neoen’s sales reached 109.1 million euros in the first three months of the year, up 36% compared to the corresponding period of 2021. The group pointed out that its various businesses had all three recorded strong growth over the period, whether in solar power (+31%), wind power (+23%) or storage, where activity was multiplied by 2.6.
The group’s electricity production reached 1,503 gigawatt-hours in the first quarter of 2022 compared to 1,256 gigawatt-hours in the first quarter of 2021.
For 2022, the renewable energy producer has confirmed that it is aiming for a gross operating surplus (Ebitda) of between 360 million and 375 million euros, compared to 300.4 million euros in 2021. The Ebitda margin should increase. between 85% and 90% this year, compared to 90% in 2021.
The group also maintained its EBITDA growth targets until 2025.
Neoen has also confirmed its medium-term growth objectives, in particular its ambition to reach more than 10 gigawatts of capacity in operation or under construction by the end of 2025.
-Eric Chalmet, Agefi-Dow Jones; 01 41 27 47 95; [email protected] ed: LBO
NEOEN FINANCIAL MUNICIPALITIES:
https://www.neoen.com/fr/informations-financieres#publications-fr
Agefi-Dow Jones The financial newswire
Dow Jones Newswires
May 03, 2022 12:19 ET (16:19 GMT)
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