Neoen targets adjusted Ebitda between 530 and 560 million euros in 2024


(AOF) – Neoen announces a turnover of 524.4 million euros for 2023, up 4% at current exchange rates and 8% at constant exchange rates. The renewable energy producer specifies that its adjusted Ebitda increased by 15% to 474.8 million euros at current exchange rates, in line with the announced objective (488.6 million euros at constant exchange rates , an increase of 18%). Adjusted net profit reached 80.4 million euros, up 67%. Neoen is proposing a dividend of 0.15 euros per share, up 20% compared to the previous year.

2024 adjusted Ebitda is expected between 530 and 560 million euros, with an adjusted Ebitda margin rate above 85%. The group reiterates its ambition to see its adjusted Ebitda exceed 700 million euros in 2025 and its total capacity in operation or under construction reach 10 GW during the year 2025

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