• Revenue totaled €65.2 million, up 32% relative to Q1 2018
• The project portfolio stands at 8.6 GW (+0.9 GW over the quarter)
• The company confirms all its operating and financial targets

Neoen (ISIN Code: FR0011675362, ticker: NEOEN), France’s leading independent producer of renewable energy, and one of the fastest-growing worldwide, reports unaudited first quarter revenue of €65.2 million, an increase of 32% compared with the first quarter of 2018.

Xavier Barbaro, Chairman and Chief Executive Officer of Neoen, comments: “Neoen’s excellent performance in the first quarter of 2019 confirms the growth momentum recorded in 2018 in terms of both revenue and our project portfolio. The latter remains characterized by its balance in terms of geographies and technologies, and by the solidity of our counterparties, strengths that we endeavor to maintain, while upholding our standards in terms of quality of new projects and rate of our expansion. Over the quarter, Neoen continued to work on new projects to fuel our portfolio on different time horizons, while also moving forward with projects that have already been secured. In keeping with our business plan, these results support our guidance for 2021, expecting more than 5 GW in operation or under construction and an EBITDA of around €400 million.”