Brief: Neoen Eyes Capacity In Operation Or Under Construction Of Over 20 GW By 2030

Neoen SA

01/03/2023 06:45

March 1 (Reuters) - Neoen SA  NEOEN.PA :
    * BY 2030, CAPACITY IN OPERATION OR UNDER CONSTRUCTION
TARGET OF
MORE THAN 20 GW
    * CONFIRMS ITS OBJECTIVES FOR 2025
    * OBJECTIVE OF AT LEAST 10 GW OF ASSETS IN OPERATION OR
UNDER
CONSTRUCTION BY THE END OF 2025 CONFIRMED
    * FORECASTS INVESTMENTS RELATING TO PROJECTS INCLUDED IN 10
GW
OBJECTIVE WILL AMOUNT TO APPROXIMATELY EUR 6.2 BILLION OVER THE
PERIOD 2021-2025
    * TOTAL CAPITAL REQUIREMENTS ESTIMATED AT EUR 750 MILLION
OVER THE
2023-2025 PERIOD
    * ADJUSTED EBITDA EXPECTED BETWEEN EUR 460 MILLION AND EUR
490
MILLION IN 2023 VERSUS EUR 414 MILLION IN 2022
    * AIMS TO ACHIEVE ADJUSTED EBITDA ABOVE EUR 600 MILLION IN
2025
    * CONFIRMS OBJECTIVE OF DOUBLE-DIGIT ANNUAL GROWTH IN
ADJUSTED
EBITDA OVER THE PERIOD 2023-2025
    * MAINTAINS A DISTRIBUTION POLICY BASED ON A GRADUAL
INCREASE IN
THE DIVIDEND PER SHARE OVER THE 2023-2025 PERIOD
    * REITERATES AMBITION TO ACHIEVE A RATE OF GAIN IN NEW
PROJECTS OF
AT LEAST 2 GW PER YEAR FROM 2025

Source text: https://bit.ly/41BLiDc
Further company coverage:  NEOEN.PA 

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