aventron exceeded the 100 million mark in net sales for the first time in the 2019 financial year and achieved a 15 percent higher EBIT result of CHF 32 million
aventron has again significantly increased sales and production in the financial year 2019. According to unaudited calculations, earnings from its power plants in six European countries led to revenues of 105.2 (previous year: 94.2) million Swiss francs, an increase of 12 percent. aventron increased its EBIT disproportionately by 15 percent to CHF 32.4 (28.2) million. This corresponds to an EBIT margin of 30.8 percent.
aventron expanded its portfolio of wind, solar and small hydro power plants by 69 MW to 545 MW in the financial year 2019. This was mainly due to the solar power plant Bargas (Spain), which is currently under construction and will have an output of around 50 MW, making it one of the first of its kind to allow economic operation without subsidies, as well as continuous acquisition activity in all growth areas
Regarding the further outlook, CEO Antoine Millioud says: “In view of the existing, solid project pipeline, aventron expects to reach its interim goal of a renewable energy production portfolio of 600 MW by the end of 2020. Our next target is 750 MW by 2023. In doing so, we increasingly focus on projects that are not or only slightly subsidised by feed-in tariffs. In this way aventron becomes more independent from local regulations and achieves lower generation costs.” aventron will publish the audited consolidated financial statements on March 25, 2020. As of February 14, 2020 aventron has delisted from the BX Swiss. The share will now be traded on the OTC-X of BEKB.