aventron increases earnings and plans capital raise to finance further expansion

In the past financial year aventron developed successfully and increased earnings to CHF 16,9 million. To finance the further development aventron proposes to the general assembly a capital increase of maximum CHF 60 million at an issue price of CHF 11.50 per share.

In the past financial year revenues grew by 16% to CHF 120,2 (previous year 103,7) million. The further expansion of the power plant portfolio and the increased electricity prices contributed to this growth. aventron increased EBIT disproportionately by 18% to CHF 37,2 (PY 31,5) million. The particular market circumstances led to a net income of CHF 16,9 (PY 12,7) million. The earnings per share (eps) grew to CHF 0.35 per share. By the end of 2021 the portfolio consisted of 682 (PY 604) MW installed capacity. The wind segment delivered 49% of the revenues. 32% stemmed from the solar PV segment and 19% from the hydro segment.

Proposed dividend 12% higher

aventron would like its shareholders to participate in these positive results. The Board of Directors thus proposes to the General Meeting to increase the dividend by 11,5% to CHF 0.29 (PY 0.26) per share. The Annual General Meeting of aventron AG will take place on 21 April 2022.

In 2021 aventron invested CHF 36,5 million in the acquisition of existing power plants and in the construction of its own generating capacity. The balance sheet per year end amounts to CHF 862,0 (PY 758,1) million. By the end of 2021 the aventron group held liquid assets totaling CHF 104,7 (PY 75,8) million.

Additional capital increase is planned

At the Annual General Assembly 2022 aventron will seek approval for an additional capital increase consisting of a volume of up to 5,2 million shares. This corresponds to an increase in equity of up to CHF 60 million. The registered shares will be issued at an issue price of CHF 11.50 per share. The planned capital increase is intended to generate additional funds for investments in a diversified portfolio in all the countries in which aventron is active. The intermediate target is to reach a portfolio size of 750 MW by 2023.