Disappointing first half of 2021 for Neoen which saw its EBITDA shrink by 15% despite higher revenues. As a result, the EBITDA guidance is narrowed to the low end of the previous range. On the positive side, the group continues expanding its asset base, and improved its liquidity position thanks to the €600m capital increase.
Negative view confirmed.
02 Aug 2021
H1 21: weak results despite asset expansion, guidance downgraded
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H1 21: weak results despite asset expansion, guidance downgraded
Disappointing first half of 2021 for Neoen which saw its EBITDA shrink by 15% despite higher revenues. As a result, the EBITDA guidance is narrowed to the low end of the previous range. On the positive side, the group continues expanding its asset base, and improved its liquidity position thanks to the €600m capital increase.
Negative view confirmed.