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aventron grows earnings and proposes higher dividends

In the past financial year 2018 revenues grew by 19% and earnings per share to 0.27 CHF per share. The portfolio reaches a capacity of 476 MW.

In the past financial year revenues grew by 19% to CHF 91,8 (previous year 77,1) million. Acquisitions in the wind segment Germany and the hydro segment Norway were the main contributors to this growth, combined with the contributions-in-kind of the capital increase 2018. aventron increased EBIT by 18% to CHF 28,2 (PY 23,9) million. Portfolio-growth, operating improvements and positive developments in the Euro-CHF exchange rate led to a net income of CHF 10,2 (PY 8,3) million. The earnings per share (eps) grew by 8,2% to CHF 0.27 per share, despite the dilution by the newly issued shares from the 2018 capital increase (number of shares increased from 34,1 to 43,7 million). These results once more underline the profitability of aventron’s business model.

Within one year the total assets rose to CHF 748,9 million (CHF 686,9 million). By the end of 2018 the aventron group held liquid assets totaling CHF 66,8 million (CHF 39,4 million).

The portfolio consists of 476 (PY 386) Megawatt installed capacity. The wind segment delivered 55,4% of the revenues. 30,5% stemmed from the solar PV segment and 14,1% from the hydro segment.

Proposed dividend 8,7% up

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 8,7% to CHF 0.25 per share. The Annual General Meeting of aventron AG will take place on 11 April 2019.

Reorganisation of the board of directors

The Board of Directors of aventron AG continues to evolve. With the consolidation of aventron into the EBM Group, the representations on the Board of Directors of aventron are adapted to the management structures of the controlling majority. Cédric Christmann (VRP), George Coelho and Werner Ulmer are no longer available for election. Conrad Ammann, Daniel von Moltke and Nicolas Wyss will now be proposed for election at the Annual General Meeting. Conrad Ammann is proposed as Chairman of the Board of Directors and Beat Huber as Chairman of the Audit and Compensation Committee, subject to their election to the Board of Directors.

Forecast revenues 2019 to reach 100 million swiss francs

For the financial year of 2019 the management is expecting a revenue increase of 11% to around CHF 102 million, assuming average weather conditions and a stable Euro, with a strong EBIT-margin of about 30%. Considering its existing pipeline for the 18 months the company assumes that it will reach its 600 MW target by 2020. In the medium term aventron is aiming at a portfolio size of 1’000 MW (1 GW). The portfolio will continue to grow in a balanced manner between solar, wind and hydro assets in selected countries

aventron continues dynamic growth with revenues for 2018 of CHF 92 Mio.

In the financial year 2018 aventron increased revenues by 19 percent to 91.8 Mio. CHF. The extension of the production portfolio and the strengthening of the power market prices were the main drivers.

aventron improved its annual results significantly through growth in production assets, stable Euro exchange rate and improvements in electricity market prices. Revenues from its power plants installed in six European countries led to an unaudited total revenue of 91.8 Mio. CHF (previous year 77.1 Mio. CHF), which amounts to an increase by 19%. The EBIT grew by 18% to 28.2 Mio. (23.9 Mio.). The operative cash flow increased disproportionally by 34% from 50.9 Mio. to 67.9 Mio. CHF in the reporting year. Hereby, the aventron business model proves its capacity to deliver robust and growing cash flows.

aventron expanded its portfolio of onshore wind, solar PV and small hydro by 90 MW in 2018 to reach a total capacity of 476 MW. The contribution-in-kind of the 42 MW Puerto Real wind park in the capital increase 2018 contributed to this growth besides continuous external acquisitions in various segments. With consideration of its project pipeline the company expects to reach its intermediate goal of 600 MW installed capacity by end of 2020.

Audited financial results will be published 21st of March 2019.

aventron renforce ses positions dans la production hydraulique en Europe

aventron confirme ses ambitions de croissance dans le domaine de la production hydraulique tout en cédant sa participation minoritaire dans le groupe familial français UNITe.

La production hydraulique a toujours été au coeur de la stratégie de développement du groupe aventron. Dans le cadre de sa politique de diversification, la société poursuit constamment son initiative de développement visant à accroître davantage la part d’hydroélectricité. Le portefeuille de centrales hydroélectriques réparties entre la Norvège, la France, la Suisse et l’Italie représentait fin 2017 une puissance cumulée de 74 MW pour 32 centrales. Fin 2018, la puissance cumulée atteignait déjà 105 MW pour 39 centrales si l’on compte les centrales en construction ou en phase de développement avancé. Ainsi, une nouvelle centrale de 1.4 MW fut mise en service fin 2018 en Italie sur la rivière Parma. En Norvège, de nombreux chantiers de constructions sont en cours dont celui de Kjerringnes d’une puissance installée de 9.3 MW, la plus grande centrale hydraulique du groupe. En Suisse des accords ont été signés pour la participation d’aventron dans la réalisation de la future centrale de Palanggenbach (2.8 MW) située dans le canton d’Uri. D’ici fin 2020, le groupe aventron devrait porter son portefeuille hydroélectrique dans les pays précités à environ 120 MW. Ainsi les énergies hydrauliques, éoliennes et solaires seront mieux équilibrées dans son portefeuille d’activités.

En France, le groupe aventron a cédé sa participation minoritaire dans le groupe familial français UNITe spécialisé dans les énergies renouvelables, pour mieux se recentrer sur la gestion en direct d’actifs de production détenus majoritairement. Dans cette optique, une équipe d’exploitation spécialisée dans la production hydraulique a été mise en place en France afin de gérer en interne l’exploitation du par cet de développer et acquérir de nouvelles capacités hydrauliques. L’objectif recherché est d’optimiser les performances du parc tout en renforçant les compétences internes.

aventron signs EPC contracts with Solarpack for 2 x 50 MW subvention-free solar powerplants in Spain

Construction under turn-key EPC contracts for two 50 MW solar photovoltaic plants in Spain to start already in the first half of 2019.

At the beginning of December, aventron signed general contractor agreements for the turnkey construction of two photovoltaic power plants in Spain with a capacity of 50 MW each. The contract partner is Solarpack Corporacion Tecnologica SA, an international independent solar PV power producer based in Spain dedicated to the development, construction and operation of solar PV projects. Both projects have already passed the required environmental impact assessments and the final building permits are expected at the beginning of 2019. The development partner is the Spanish company Synergia Energy Solutions SL.

The two ground-mounted systems in the Toledo and Murcia regions are among the first major solar projects in Europe to be implemented and operated without subsidies or other direct government support instruments. Each individual park will cover an area of around 90 hectares and is expected to generate around 95 million kilowatt hours of electricity per year. The total amount of energy generated thus corresponds to the annual requirements of a city with around 55,000 inhabitants.

aventron is currently in advanced negotiations of the power purchase agreements for the energy generated in the projects and is structuring the necessary external financing on this basis. Financial close and start of construction is expected in the second quarter of 2019.

The two solar park projects Bargas and Algibicos are a milestone in the implementation of aventron’s growth strategy. On the one hand, aventron exceeds the short-term target of 500 MW for portfolio expansion earlier than planned and on the other hand, its solar production segment will be substantially strengthened. aventron’s next step is to achieve an installed capacity of 600 MW in its core areas of wind, water and sun by the end of 2020.

aventron completes roll-out of cutting edge plant data management infrastructure

aventron completes roll-out of a latest generation data acquisition infrastructure across all its photovoltaic and small hydro plants across six countries enabling cloud based real time data storage, access and analysis.

In close cooperation with secure data acquisition firm Ardexa (https://ardexa.com/), the aventron group equipped most of its 150 solar PV and small hydro plants, as well as a number of wind parks, across six European countries.  Industrial computers installed at each plant, connect to local inverters, PLCs, cameras and other equipment, and send data and images to the aventron data cloud. High-resolution data access is real time, with control of remote plants also implemented. It is estimated that over 5000 individual machines (inverters, turbines, generators) are connected across these plants, with approximately 150,000 unique sensor points accessed through the system.  Digital certificate based authentication, as well as other security features, underpins the integrity of the system.

The platform allows management visualization as well as detailed analyses of all plants to improve asset management effectiveness.  Data from the aventron cloud can also be securely shared with partners companies for capacity planning (grid operators), diagnostics (technical operators) and in-depth plant analysis (analytical partners).

aventron embarked on customization of its infrastructure to implement smart features such as automated alerting, trend recognition through machine learning, image recognition with edge processing. The vision is to obtain a fully-automated digital asset management solution which guides aventron asset managers to the critical operational issues and in final consequence increased energy production output.

Antoine Millioud, CEO of aventron AG comments “we have the ambition to adopt advances in modern data acquisition, Internet of Things and narrow AI solutions to enhance our productivity. Ardexa has helped us understand the possibilities and chose a cost effective way forward”.

Eugene Cora, Director of Ardexa comments “aventron have demonstrated leadership and vision in bringing together over 30 partner companies, including technical operators, analysts and customers, to drive this important digital transformation program.  The focus is now turning to new competencies and methods required to leverage these digital assets and plant connections. ”

Ardexa is a modern software and services company with offices in Europe, North America and Asia.   The company delivers simple and secure device management for the connected world.  With an extensive heritage in digital security, Ardexa products are born and maintained to high digital security standards.  The Ardexa mission is to support clients to manage their critical operational data and remote machine connections.  Ardexa software agents can connect most machines (legacy or modern), enabling clients to implement machine learning, artificial intelligence and automated processing of data and images.   Ardexa supports digital transformation programs in the energy, agriculture, resources, automation and transport sectors