(CercleFinance.com) – Neoen reveals turnover for the first quarter of 2024 down 8% to 141.4 million euros, including a drop of 6% at constant exchange rates, while its electricity production increased by 11% to 2.2 TWh.
“This performance is linked to the mechanical effect of the entry into force, from April 2023, of the PPAs of several power plants which benefited from significant early generation revenue in the first quarter of 2023,” explains the group. renewable energies.
With a secure portfolio of nearly 9.1 GW at the end of March, including eight GW in operation or under construction, Neoen confirms its 2024 adjusted EBITDA target of between 530 and 560 million euros, with a higher margin rate. at 85%, as well as its ambitions for 2025.
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