In the financial year 2018 aventron increased revenues by 19 percent to 91.8 Mio. CHF. The extension of the production portfolio and the strengthening of the power market prices were the main drivers.
aventron improved its annual results significantly through growth in production assets, stable Euro exchange rate and improvements in electricity market prices. Revenues from its power plants installed in six European countries led to an unaudited total revenue of 91.8 Mio. CHF (previous year 77.1 Mio. CHF), which amounts to an increase by 19%. The EBIT grew by 18% to 28.2 Mio. (23.9 Mio.). The operative cash flow increased disproportionally by 34% from 50.9 Mio. to 67.9 Mio. CHF in the reporting year. Hereby, the aventron business model proves its capacity to deliver robust and growing cash flows.
aventron expanded its portfolio of onshore wind, solar PV and small hydro by 90 MW in 2018 to reach a total capacity of 476 MW. The contribution-in-kind of the 42 MW Puerto Real wind park in the capital increase 2018 contributed to this growth besides continuous external acquisitions in various segments. With consideration of its project pipeline the company expects to reach its intermediate goal of 600 MW installed capacity by end of 2020.
Audited financial results will be published 21st of March 2019.