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 once again significantly increased sales as well as production in the 2019 financial year. According to unrevised calculations, the good earnings from the power plants in six European countries led to total operating revenue of around CHF 105.2 million (previous year: 94.2), an increase of 12 percent. aventron increased 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 hydropower plants by 69 MW to 545 MW in the 2019 financial year. The main contributors to this were the Bargas solar power plant (Spain), which is currently under construction with around 50 MW and is one of the first of its kind to allow economic operation without subsidies, as well as steady further acquisition activity in all growth areas.
Commenting on the future outlook, CEO Antoine Millioud says: "With a view to the existing, solid project pipeline, aventron expects to achieve its interim target of a renewable energy production portfolio of 600 MW by the end of 2020. By 2023, we have set ourselves the next target of 750 MW. In doing so, we are increasingly focusing on projects that are not subsidised or only slightly subsidised via feed-in tariffs. In this way, aventron will become less dependent on statutory regulations and achieve lower production costs." aventron will publish its audited consolidated financial statements on 25 March 2020. As of 14 February 2020, aventron has completed its delisting from the BX Swiss. The share will now be traded on the OTC-X of the BEKB.