Neoen rises after 'solid' FY results and 2024 outlook

Neoen SA

29/02/2024 08:44

** Shares in Neoen  NEOEN.PA  rise around 5% after the
French renewables company posted FY results and targets for 2024
    ** FY adjusted EBITDA rose to 474.8 million euros, from
414.0 million a year earlier, sales were up +4% at constant
exchange rates
    ** For 2024, company expects an adjusted EBITDA between 530
- 560 million euros, and 700 million euros ($759.01 million) in
2025
    ** "‍Solid delivery and solid outlook should make it
outperform peers," J.P. Morgan says
    ** Shares head for their best day in about two and a half
months

($1 = 0.9223 euros)

 (Reporting by Olivier Sorgho)
 ((Olivier.Sorgho@thomsonreuters.com))