Business

NEOEN: business up sharply in the first nine months of 2019

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(AOF) – Neoen's sales for the first nine months of 2019 came to 184.2 million euros, up 26% excluding the biomass business. The secure portfolio grew by nearly 300 MW in the third quarter alone and reached 3.5 GW at the end of September 2019.The total project portfolio reached 9.8 GW, an increase of 2.1 GW compared to at the end of 2018.

The group is tightening its forecasts and intends to achieve in 2019 Ebitda between 212 and 219 million euros, within the range of 212 to 227 million communicated so far, with an EBITDA margin of around 80% .

Neoen reiterates its operational and financial objectives for 2021.

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