First Berlin – aventron AG Research Update (13/09/2017)

First Berlin Equity Research has published a research update on aventron AG (ISIN: CH0023777235). Analyst Dr Karsten von Blumenthal reiterated his BUY rating and maintained his CHF 13.00 price target.

Abstract
aventron's H1 report showed strong growth in both sales (+86% y/y) and earnings. EBIT rose even more strongly by 96% to CHF 12.4m. H1 figures were above our forecasts due to high profits from the wind and solar segments. aventron continued on its growth path and increased its green power asset portfolio by a further 11 MW to 362 MW. We have slightly increased our forecast for 2017E and confirm our Buy rating and the CHF 13.00 price target.