Neoen successfully completed its IPO amid very testing market conditions. It raised € 697 million, making the deal—by far—the largest fundraising on Euronext Paris in 2018.
With more than 2 GW in installed capacity to date and an additional pipeline of more than 1 GW in projects, we are France’s number one independent producer of green energy and also one of the fastest-growing players worldwide. Our goal is to design and implement locally the requisite facilities to generate the most cost-competitive renewable energy sustainably and on a large scale. The funds we raised from our IPO will help to power strong growth, taking us to 5 GW in installed capacity by around 2021. We are sincerely grateful to all our new and existing shareholders for the trust they have placed in us.
Neoen is listed in Compartment A of Euronext’s regulated market in Paris.
Analyst coverage :
|[Spanish] Analystes||[Spanish] Société|
|Javier Garrido||JP Morgan|
|Pavan Mahbubani||JP Morgan|
|Philippe Ourpatian||Oddo BHF|
|Louis Boujard||Oddo BHF|
|Emmanuel Turpin||Société Générale|
|Jorge Alonso Suils||Société Générale|
|Clemence Blenck||Société Générale|
|Manuel Palomo||Exane BNP Paribas|
|Michaël Harleaux||Exane BNP Paribas|
Impala, a group held and managed by Jacques Veyrat and his family, supports high growth projects, essentially in five activities: Energy (with investments in Neoen, Albioma and Castleton Commodities International), Industry (with investments in Technoplus Industries, Electropoli, and Arjo Solutions), Cosmetic (with investments in P&B Group and Augustinus Bader), Brands (with investments in Pullin and Maison Lejaby), Alternative investment funds and asset management (with investments in Eiffel Investment Group, in high growth projects in China, in the development of real estate projects in Paris suburbs and a Hotel Group in Portugal). Impala is a long-term investor whose place is in supporting management and in the long-term development of the company.
The Fonds Stratégique de Participations (FSP) is a SICAV, or collective investment fund, which is registered with the French Financial Markets Authority (AMF) and which seeks to promote long-term equity investments by taking strategic stakes in French companies. The FSP’s board comprises seven insurance group shareholders. To date, the FSP has sept sub-funds, invested in ARKEMA, SEB, ZODIAC AEROSPACE, EUTELSAT COMMUNICATIONS, TIKEHAU CAPITAL, ELIOR GROUP and NEOEN. The FSP continues to examine other investment opportunities in French companies.
Bpifrance is the French national investment bank: it finances businesses – at every stage of their development – through loans, guarantees, equity investments and export insurances. Bpifrance also provides extrafinancial services (training, consultancy.). to help entrepreneurs meet their challenges (innovation, export…).
Neoen is a fast-growing company with solid foundations. The balance sheet total was over 2 billion euros as at end of June 2018. A substantial increase compared to the previous year, this figure represents the investment in the groups power plants, in operation or under construction. At the end of November 2018, Neoen had 63 power stations in operation and under construction, totalling more than 2 GW.
Neoen has reported revenues of €228 million in 2018, an increase of 63% compared to 2017. This entirely organic growth was due primarily to the consolidation over a full year of projects that came into service in 2017 and the commencement of operations of nearly 400MW of new projects. Neoen will report full year earnings on 17 April 2019. Neoen is pursuing its development under a strategy of profitable growth, and has been consistently profitable since 2011.
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