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aventron records significant increases in revenue and net income in the first half of 2019

In the first half of 2019, aventron has produced 490 GWh of renewable energy and, in doing so, has generated a net income of CHF 8.5 million. Revenues and EBIT have improved by 17 respectively 23 percent compared to the previous year.

In the first half of 2019, aventron generated revenues from the supply of energy amounting to CHF 54.2 million (prev. year CHF 46.5 million) with an EBIT of CHF 19.2 million (prev. year CHF 15.6 million). The power plants purchased and commissioned in 2018 have made a significant contribution to the increase in revenue. These include, for example, wind parks in Germany, Norway and Spain. With its power plants in six countries, aventron has produced 490 GWh (prev. year 410 GWh) of renewable energy. As at the reporting date aventron operates in Europe a portfolio of 482 MW (prev. year 422 MW).

In relation to revenues, the EBITDA margin is slightly higher at 71.3 (70.2) percent and the EBIT margin at 35.1 (33.5) percent. The half-yearly net income came in at CHF 8.5 million (prev. year 6.4 million), which represents an increase by 34% from the previous year. The half yearly net income per share increased to 0.196 swiss francs per share (prev. year 0.187).

Following the positive half-year results, the Executive Board confirms its forecast for the full year 2019 with revenues of CHF 102 million and an EBIT margin of above 30 percent. With the start of construction of its 50 MW solar power plant in Spain and the 6.5 solar plant in Switzerland the 500 MW target for 2019 has been achieved. Based on the solid pipeline management is confident to achieve its 600 MW target for end of 2020. aventron will continue to grow in a diversified manner in water-, wind- and solar power in Switzerland, France, Germany, Italy, Spain and Norway.