Neoen : H1 operating performance in line and guidance confirmed
>Tender to the offer recommendation and target price of € 39.85 maintained - Neoen reported H1 2024 performances in line with our expectations in terms of EBITDA, but a shade below at the net profit level due to higher interest expense and non-recurring transaction costs. The group confirmed its 2024 EBITDA guidance and its 2025 targets. The regulatory processes for the acquisition of 53% of the capital by Brookfield are continuing according to the schedule announced ...Neoen SA Formerly known as Neoen Sas. Neoen SAS is a France-based company specialized in the renewable energy sector. The Company operates, finances and develops a number of power plants from a variety of energy sources, including Solar, wind and Biomass. Its portfolio of power plants includes providencia, ombrineo, degrussa, cestas, ygos, luxey, geloux, seixal, cabrela, coruche, hornsdale I, bussy-lettree, raucourt II, villacerf, bais et trans, reclainville, chapelle vallon and la montagne. Apart from France, the Company is present in many other countries such as Portugal, Australia, Australia, Jordan, Zambia, Mozambique, Argentina, Jamaica, Mexico, Egypt and El Salvador, among others.
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