Neoen: net income up 67% in 2023
At the same time, adjusted EBITDA was up 15% to €474.8m at current exchange rates, in line with the announced target.
Adjusted net income reached 80.4 ME, up 67%.
Neoen reports that its secured portfolio has grown by more than 1.6 GW, reaching 9.0 GW, of which 8.0 GW in operation or under construction, i.e. 80% of the 2025 target.
For 2024, the company is targeting an adjusted EBITDA of between 530 and 560 ME, with an adjusted EBITDA margin rate in excess of 85%.
The Group also reiterates its ambition to see its adjusted EBITDA exceed €700 million in 2025, and its total capacity in operation or under construction reach 10 GW by 2025.
Finally, the Group announces the appointment as CFO of Yves-Eric François, previously CFO of Neoen in Australia.
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