Neoen: cuts 2024 adjusted EBITDA target
(CercleFinance.com) - Neoen has announced a revision of its 2024 adjusted EBITDA target, which is now expected between E475m and E490m, compared with a previous range of E530m to E560m.
This revision stems from the postponement, to 2025, of the sale of a portfolio of assets in Australia, originally scheduled for 2024.
However, Neoen confirms its target for 2025, with adjusted EBITDA above E700m and a capacity in operation or under construction of 10 GW.
The transaction with Brookfield, involving the acquisition of a 53% stake in Neoen, is still scheduled for Q1 2025.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
This revision stems from the postponement, to 2025, of the sale of a portfolio of assets in Australia, originally scheduled for 2024.
However, Neoen confirms its target for 2025, with adjusted EBITDA above E700m and a capacity in operation or under construction of 10 GW.
The transaction with Brookfield, involving the acquisition of a 53% stake in Neoen, is still scheduled for Q1 2025.
Copyright (c) 2024 CercleFinance.com. All rights reserved.