Clearvise AG Publishes Half-Year Financial Report 2024 and Confirms Outlook

clearvise AG has reported its half-year financial results for 2024, revealing group revenue of EUR 18.9 million in the first six months, a decrease from EUR 23.4 million in the previous year. The decline is attributed to the sale of Finnish wind parks and the normalization of electricity prices in Germany. Total production stood at 234.4 GWh, down 15%, but solar photovoltaic (PV) production increased by 14%, raising PV's share to 32% of the total.

Adjusted EBITDA reached EUR 12.4 million, down 21% due to lower revenue, while operating cash flow significantly improved to EUR 14.6 million. The company maintained a stable equity ratio of around 42%. clearvise AG focused on optimizing its portfolio, notably selling its biogas segment and acquiring project rights for three solar parks in Italy.

Maintaining its outlook for the year, clearvise anticipates electricity production of 440-460 GWh and forecasts revenues between EUR 35.5 to 37.0 million, with adjusted group EBITDA ranging from EUR 21.8 to 23.1 million. The half-year report is available on their website.