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aventron generates over one Terawatt-hour of renewable energy and a net income of 13 million Swiss francs

aventron was able to maintain its margins despite low power market prices.

aventron generated in 2020 1’054 Gigawatt-hours of renewable energy and a revenue from the sales of energy of 103,7 (PY 102.5) million Swiss francs. The reduction in demand due to the COVID 19 pandemic and exceptional weather conditions in Norway put pressure on market prices and thus on the Group’s sales. At the same time, aventron commissioned new power plants. For example, the 50 Megawatt solar power plant Bargas in Spain, which was connected to the grid in June 2020, contributed 2 million Swiss francs to sales for the first time.

The EBIT-margin over energy sales attained 30% and delivered an EBIT of 31.5 (PY 32.4) million francs. The net income lay at 12.7 (PY 13.0) million francs.

By the end of 2020 the portfolio consisted of 604 (PY 545) MW installed capacity in power plants in operation or in construction. The wind segment delivered 57 percent of the revenues. 30 percent stemmed from the solar PV segment and 13 percent from the hydro segment.

The Board of Directors proposes to the General Meeting a dividend of 0.26 (PY 0.26) Swiss franc per share. The Annual General Meeting of aventron AG will take place on 15 April 2021. Due to COVID-19 related sanitary restrictions the AGM will be held in written form without presence of the shareholders. In 2020 aventron invested 37.1 million francs in the acquisition of existing power plants and in the construction of its own generating capacity. The balance sheet per year end amounts to 758.1 (PY 743.8) million francs. By the end of 2020 the aventron group held liquid assets totaling 75.8 (PY 69.1) million francs