company results, French companies

Neoen 1st quarter: strong growth

Published on Monday 15 May 2023 | Article n°445

Neoen's sales in the first quarter came to €154.4m, an increase of €1.2m.

42% compared with the first quarter of 2022, with strong growth in all three of the Group's businesses. Electricity generation totalled 2.0 TWh in the first quarter of 2023, up 32% on the first quarter of 2022. The secured portfolio still stood at nearly 7.4 GW at the end of March 2023.

The Group confirms its 2023 adjusted ebitda target of between €460 million and €490 million (€414 million in 2022, +11% to +18%), with an adjusted ebitda margin close to 80%.

Neoen of 2 May 2023

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