Neoen: net profit up 67% in 2023

( – Neoen publishes a turnover of 524.4 ME for the 2023 financial year, up 4% at current exchange rates and 8% at constant exchange rates compared to Previous exercice.

At the same time, adjusted EBITDA increased by 15% to €474.8 million at current exchange rates, in line with the announced objective.

Adjusted net profit reached 80.4 ME, up 67%.

Néoen indicates that its secure portfolio is growing by more than 1.6 GW, reaching 9.0 GW, including 8.0 GW in operation or under construction, or 80% of the 2025 objective.

For 2024, the company targets an adjusted EBITDA of between €530 and €560 million, with an adjusted EBITDA margin rate above 85%.

The group also reiterates its ambition to see its adjusted EBITDA exceed 700 million euros in 2025 and its total capacity in operation or under construction to reach 10 GW during the year 2025.

Finally, the group announces the appointment as financial director of Yves-Eric François, until now financial director of Neoen in Australia.

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