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Change from the BX Swiss stock exchange to the OTC platform at the Berner Kantonalbank (BEKB OTC-X)

The Board of Directors of aventron AG has decided to discontinue listing on the BX Swiss and to ensure that the company’s shares will in future be traded off-exchange via the platform of the Berner Kantonalbank (www.otc-x.ch). The last trading day on the BX Swiss is 14 February 2020.

The board of directors has decided for a change of trading platform for the following reasons:

  • Institutional investors in particular have participated in the capital increases of recent years. In addition to the energy suppliers Primeo Energie, Energie Wasser Bern and Stadtwerk Winterthur, infrastructure investors such as UBS Clean Energy Infrastructure and Reichmuth Infrastruktur Schweiz are among the largest shareholders of aventron AG.
  • aventron intends to continue growing, from around 540 megawatts today to 750 megawatts by the end of 2023. In order to secure the capital required for this expansion, the company will continue to be dependent on the interest of external financial investors in the future.
  • For institutional investors looking for an investment in infrastructure, the listing of securities on a stock exchange is not a necessity – on the contrary: the short-term volatility of the stock market contrasts with typical long-term infrastructure investment, which are less correlated with general market sentiment.
  • The trading volume on the BX Swiss was very low due to the fact that the majority of shareholders invested for the long term. Only a about 5% of shares are held by small shareholders.

The BX Swiss has approved the request of aventron AG, subject to certain conditions, to maintain trading on the BX Swiss until 14 February 2020 and to delist the shares on this date.

Shareholders who wish to sell their shares due to the delisting may do so until that time via the BX Swiss stock exchange. After the delisting, private investors will be offered a comparably liquid platform in the form of the OTC trading at BEKB OTC-X. Professional market making by the Berner Kantonalbank will ensure minimum liquidity in over-the-counter trading.

The Board of Directors will continue to report regularly on the course of the business.

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 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

aventron records significant increases in revenue in the first half of 2018 and doubles net profits

In the first half of 2018, aventron has produced 410 GWh of renewable energy and, in doing so, has generated profits of CHF 6.4 million. Turnover and EBIT have improved by 26 percent compared to the previous year.

In the first half of 2018, aventron generated revenues from the supply of energy amounting to CHF 46.5 million (prev. year CHF 36.8 million) with an EBIT of CHF 15.6 million (prev. year CHF 12.4 million). The newly purchased and commissioned power plants have made a significant contribution to the increase in revenue and output. These include, for example, wind parks in France and Germany and small hydro power plants in Norway. In comparison to the previous year, the first quarter of 2018 featured an abundance of water and wind. The second quarter was characterised by good solar radiation. This meteorological constellation helped aventron to achieve a positive start to the 2018 financial year as a result of its diversified energy production portfolio. This confirms the strategy which aventron continues to actively pursue: of the EBIT as at 30/06/2018, 18 percent comes from hydro, 57 percent from wind and 25 percent from solar power. With its power plants in six countries, aventron has thus produced 410 GWh (prev. year 360 GWh) of energy output. As at the reporting date, aventron operates a portfolio of 422 MW (prev. year 362 MW) in Europe.

In relation to the net earnings, the EBITDA margin is slightly higher at 70.2 (69.2) percent and the EBIT margin remains almost unchanged at 33.5 (33.7) percent. The half-yearly net profits came in at CHF 6.4 million (prev. year 3.2 million), which represents almost double the figure from the previous year. The EBITDA per share increased to 0.96 swiss francs per share (prev. year 0.75). From the shareholders’ perspective, the strong growth in recent years has led to an increase in cash flow per share and thus an increase in the attractiveness and stability of the company.

Following the positive half-year figures, the Executive Board increases its forecast for the full year 2018 with revenues of CHF 90 million and an EBIT margin of 30 percent. Contributions in kind from the capital increase in the form of a 42 MW wind park in Spain and solar energy plants in France (1 MW), which are revenue-relevant with immediate effect, will make a significant contribution. The objective of achieving a renewable energy portfolio with an output of 500 MW is within reach.

With the capital increase completed in July, aventron was able to secure CHF 35.4 million in cash contributions and contributions in kind amounting to CHF 58.9 million. The liquid assets of the company thus increased to the current value of around CHF 80 million. With the contributions in kind and acquisitions from the first half of 2018, the aventron portfolio has now achieved an installed output of around 465 megawatt (MW). After the capital increase, the number of shares issued is 43,728,575, each with a nominal value of CHF 1.00. The market capitalisation is around CHF 430 million.