• 2019 revenue came to €253.2 million, a 22% increase excluding the biomass business (1), with growth powered by all Neoen’s business segments and regions
• Neoen continued to build up its portfolio significantly in 2019
  • 3 GW were in operation or under construction at year-end 2019, representing an increase of 800 MW2
  • The secured portfolio3 now stands at 4.1 GW, up 1.0 GW
  • The total portfolio capacity now accounts for 10.7 GW, representing a 3.0 GW increase
• Neoen is confirming its EBITDA target4 for 2019 of between €212 million and €219 million5 with an EBITDA margin6 of around 85%
• Neoen is reiterating its operational and financial objectives for 2021

Neoen (ISIN: FR0011675362, Ticker: NEOEN), one of the world’s leading and fastest-growing independent producers of exclusively renewable energy, is reporting unaudited revenue of €253.2 million in 2019, an increase of 22% excluding the biomass business1 compared to 2018. At constant exchange rates, revenue was 23% higher than in the previous year.

Xavier Barbaro, Neoen’s Chief Executive Officer, commented: <“We finished our first financial year as a listed company with an operating performance and a development of our portfolio that are both in line with the trajectory presented at the time of our IPO. We delivered strong revenue growth thanks to the commissioning of a large number of solar farms, wind farms and storage units. In 2019, we also continued to pursue our “develop to own” strategy, expanding the size of our portfolio of secured projects by 1 GW. In turn, the 1.2 GW capacity that is currently under construction in our three regions will contribute to our revenue growth in 2020.”