Clearvise AG Maintains Stable Performance Amid Challenging Conditions

clearvise AG, a renewable energy producer, reported stable operating performance in the first nine months of 2024, aligning with its annual forecasts. Group revenue reached EUR 27.5 million, marking an 18.6% decrease from the previous year, attributed primarily to asset sales and fluctuating market values. Despite challenges, adjusted EBITDA stood at EUR 18.5 million, a 21.5% drop from 2023. Total production, hampered by asset dispositions, totaled 351.2 GWh.

CFO Manuel Sieth highlighted the strategic growth and portfolio expansion across Europe, emphasizing success in Italy and France. The company confirms its 2024 outlook, projecting electricity production of 440 to 460 GWh under stable conditions. Revenue is expected to range between EUR 35.5 to 37.0 million, supported by secured prices through PPAs and tariffs. The adjusted Group EBITDA is anticipated to be between EUR 21.8 million and EUR 23.1 million.