Neoen released 8% revenue growth for the 9M 21, to €242.7m. While it was still a sequential acceleration (+5% in H1), the performance is slightly below our expectations, especially on solar.
This did not prevent the group from confirming its FY targets for both EBITDA and capacity, as well as its 2025 road map. On the other side, a slight delay is expected on solar asset commissioning in 2022 due to supply-chain issues.
Negative view confirmed.
10 Nov 2021
Guidance confirmed but not reassuring
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Guidance confirmed but not reassuring
Neoen released 8% revenue growth for the 9M 21, to €242.7m. While it was still a sequential acceleration (+5% in H1), the performance is slightly below our expectations, especially on solar.
This did not prevent the group from confirming its FY targets for both EBITDA and capacity, as well as its 2025 road map. On the other side, a slight delay is expected on solar asset commissioning in 2022 due to supply-chain issues.
Negative view confirmed.