Transition Evergreen announces its 2023 annual results and strengthens its infrastructure strategy

Transition Evergreen published its results for the year 2023, marked by a slight decline in revalued net assets (NAV) but good overall resilience. The company's NAV stands at €131.0 million at the end of 2023, down 5% compared to the previous year. This decrease is attributed to the change in the fair value of assets and adjusted restated net results. Despite a tense financial environment, the company has been able to maintain a balance thanks to structuring operations in the field of renewable energies and the management of forest resources.

During the year, Transition Evergreen also strengthened its financial structure through bond issues for a total amount of €27 million, reflecting investors' confidence in the company's strategy. Concerning governance, Lionel Le Maux will combine the functions of Chairman of the Board of Directors and Chief Executive Officer from July 2024.

The projects and prospects for 2024 remain oriented towards strengthening investments in strategic infrastructure with targeted financing and a simplification of the fund's organizational chart. The objective is to optimize the value of the fund while supporting the ecological transition towards a carbon-free model.