aventron records a successful first half of the year with a significant increase in sales and markedly higher cash flow per share

In the first half of 2017, aventron produced 360 GWh of renewable energy and generated net profit of CHF 3.2 million. EBIT and EBITDA doubled year on year.

In the first six months of 2017, aventron recorded net income from the supply of energy of CHF 36.8 million (previous year: CHF 19.8 million), with EBIT of CHF 12.4 million (CHF 6.3 million). The substantial expansion of the portfolio through the capital increase and acquisitions in the second half of 2016 is evident in the year-on-year comparison. The first half of 2017 was marked by high levels of solar radiation and concurrent extraordinarily dry conditions. Thanks to aventron’s diversified portfolio, the losses recorded in the hydropower segment were largely offset by income from solar power facilities. Across its 140 power stations in six countries, aventron generated 360 GWh of green energy.

In relation to net income, the EBITDA margin is 69.2% (63.8%) and the EBIT margin is 33.7% (32.1%). Net profit for the half-year was CHF 3.2 million, which represents an increase of CHF 1.7 million over the previous half-year. EBITDA per share rose to CHF 0.746 (CHF 0.648). The strong operating growth of recent years has resulted in higher cash flow per share and an increase in the company’s attractiveness and stability from the shareholders’ point of view.

During the first six months of this year, aventron acquired several photovoltaic facilities in Italy and smaller hydropower plants in Norway. This increased the installed capacity of photovoltaic plants in Italy to 35 MW, from 15 MW on 30 June 2016. aventron’s portfolio (including construction projects) in Norway now comprises installed capacity of 45 MW (14 MW). Consequently, the installed capacity of aventron’s consolidated portfolio amounts to 378 MW.