aventron increases profit and pays out higher dividend

After a successful 2022 financial year with an increase in net revenue to CHF 157.6 million, the dividend can be increased. The portfolio of renewable energy production plants reaches 736 megawatts.

aventron was able to present its shareholders with a very successful 2022 financial year. aventron's net revenue rose to CHF 157.6 million in the 2022 financial year (previous year CHF 120.2 million). This increase in performance resulted mainly from the sharp rise in energy prices in the reporting year. However, most European countries passed laws and regulations during the year that led to price caps for energy producers, which also affected aventron's income. All three types of production - wind, solar and hydro - contributed to this growth. At the end of the year, the portfolio comprised 736 (682) megawatts of consolidated total output via power plants in operation or under construction. This produced a total of over 1.2 billion kilowatt hours of renewable electricity. EBIT was CHF 62.9 (37.2) million and the EBIT margin reached around 40 percent. Profit reached CHF 20.8 (16.9) million. In 2022, investments of CHF 57.9 million were made in the acquisition of existing power plants and in the construction of own production facilities. The balance sheet total as at the balance sheet date was CHF 905.1 (862.0) million.

The voting shareholders, who represented a total of 92.14 percent of the share votes, approved the annual report and the 2022 financial statements without any dissenting votes. The Annual General Meeting followed the proposal of the Board of Directors and decided to distribute a dividend of CHF 0.30 per share (previous year CHF 0.29). Thus aventron once again underlines the earning power of its business model based on renewable energies.

The current members of the Board of Directors Dr. Conrad Ammann (Chairman), Priscilla Leimgruber, Martin Schaub, Michael Stalder, Beat Huber, Nicolas Wyss and Thomas Bitzi were re-elected for a further term of office until 2024.

The diversification characteristics across the six countries, as well as across the three technologies, will have a positive impact on the coming results. In view of the existing, solid project pipeline, the company expects to achieve its target of a renewable energy portfolio of 1000 megawatts by the end of 2030. As before, the portfolio will grow in a balanced way between wind, solar and hydro power in Switzerland, France, Germany, Spain, Italy and Norway.