aventron once again significantly increased its net revenue in the past 2018 financial year, with an increase of 19 percent to CHF 91.8 million. In addition to the recovery of market prices, the further expansion of the power generation portfolio was the main contributor to this.
aventron once again significantly increased its result for the 2018 financial year thanks to growth, a stable euro exchange rate and a significant recovery in electricity market prices. According to unrevised calculations, the good earnings from the power plants in six European countries led to net revenue of around CHF 91.8 million (previous year: CHF 77.1 million), an increase of 19 per cent. EBIT increased by 18 percent to CHF 28.2 million (CHF 23.9 million). The operating cash flow (cash flow from operating activities) rose disproportionately by 34% from CHF 50.6 million to CHF 67.9 million. As planned, aventron's business model is generating increasingly strong and stable cash flows.
aventron expanded its portfolio of wind, solar and small hydro power plants by 90 MW to 476 MW in the 2018 financial year. The contribution in kind of the 42 MW Puerto Real wind farm as part of the 2018 capital increase and steady external acquisition activity in all growth areas contributed to this. With a view to the existing, solid project pipeline, the company expects to achieve its target of a renewable energy portfolio of 600 MW by 2020.
aventron will publish its audited consolidated financial statements on 21 March 2019.