Neoen

NEOEN

FR0011675362

Independent Power Producers

Market Closed - Euronext Paris Other stock markets 11:35:23 2024-09-20 EDT			5-day change	1st Jan Change
38.85 ^EUR	-0.05%		+0.15%	+28.30%

09-12	ECB to cut rates without lowering its guard
09-12	Neoen Signs Power Purchase Deal for Australian Solar Project	MT

Neoen: 8% fall in half-year adjusted EBITDA

July 26, 2024 at 07:15 am

Neoen reports lower adjusted net income for the first half of 2024, at 27.7 million euros versus 63 million a year earlier, with adjusted EBITDA and sales down 8% to 231.9 and 255.7 million respectively.

This performance is mainly linked to the mechanical effect of the entry into force of the PPAs of several power plants that benefited from significant early generation revenues in the first half of 2023", explains the renewable energies group.

Neoen confirms its 2024 adjusted EBITDA target of between 530 and 560 million euros, with an adjusted EBITDA margin rate in excess of 85%, as well as its ambition to see it exceed 700 million euros in 2025.

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Latest news about Neoen

ECB to cut rates without lowering its guard	09-12
Neoen Signs Power Purchase Deal for Australian Solar Project	09-12	MT
Neoen signs PPA with SmartestEnergy in Australia	09-12	CF
The mood is getting heavier, but Taylor Swift is keeping watch	09-11
Neoen Wins Tender for Two Solar Projects in Ireland	09-11	MT
Neoen wins two projects in Ireland	09-10	CF
Neoen Begins Second Phase of Australian Battery Capacity Project	08-27	MT
Neoen: virtual battery contract with AGL Energy	08-27	CF
Neoen: CDC back above 5% threshold	08-14	CF
Utilities Up Amid Cyclical Bias -- Utilities Roundup	08-08	DJ
Neoen: CDC holds less than 5% of the capital	08-05	CF
NEOEN : H1 24: Results in-line with expectations, guidance confirmed	07-26
Neoen: 8% fall in half-year adjusted EBITDA	07-26	CF
Neoen S.A. Reports Earnings Results for the Half Year Ended June 30, 2024	07-25	CI
Neoen S.A., H1 2024 Earnings Call, Jul 25, 2024	07-25
State-owned Beijing Energy explores partnerships to get approval for Australia solar farm deal	07-24	RE
Brookfield Renewable's Price Target Raised to US$33 by National Bank; Notes "Dry Q2E but BEP Adds Irons On the Fire"	07-19	MT
Global AI drives local power supply concerns	07-15
Developers oversubscribe to onshore wind power in France	07-12
Temasek portfolio value logs modest rise; has a cautious approach to China	07-09	RE
Neoen CEO: No Post-Election Slowdown in France	07-05	MT
Canada's equity market makes a modest turnaround as copper miners lead fundraising	07-03	RE
Sector Update: Financial Stocks Fall Late Afternoon	06-25	MT
Sector Update: Financial Stocks Lower in Afternoon Trading	06-25	MT
Brookfield Agrees to Acquire Majority Stake in Neoen for $42.80 per Share	06-25	MT

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Company Profile

Neoen is a leading independent producer of renewable energy (the first independent producer of electricity from renewable energy in France), whose activity focuses on solar and wind power production, as well as on the development of advanced energy storage solutions. Neoen is mainly present in three geographical areas, namely the Europe-Africa region (notably in France, Finland, Portugal and Ireland), Australia and the Americas region (notably in El Salvador, Mexico, Jamaica, Argentina, Ecuador and the United States). At the end of 2023, the group owned and operated photovoltaic and wind power facilities, representing a combined installed capacity of 9 GW in operation and under construction.

Employees

186

Sector

Independent Power Producers

Calendar

2024-11-04 - Q3 2024 Sales and Revenue Call - Operational Data

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