PRESS RELEASE | Q3 financial results: strong growth for Aera Group
Aera Group is pleased to announce solid financial performances’ for Q3 2019 with a turnover exceeding 800 k EUR. The total turnover generated since January 2019 reaches 2.2 M EUR (+130% growth). The net result is following the growth and increases significantly with a net result following this significant increase. The financial target for 2019 (4th year of activity) is now upgraded to 3.1 M EUR.
Considering the positive Q3 results and the promising commercial trends, Aera Group targets a sustained expansion for 2020. Contracts pipeline shall yield close from 5 M EUR turnover for the year to come. Current market conditions are favorable with an increased number of CO2 regulation binding industries and an ever growing CO2 offset demand for corporates facing climate change pressure.
Aera Group is well positioned to benefit from market rise. The group owns the largest portfolio of African carbon credits exceeding 2 M. T of CO2 equivalent/year generated from 42 projects in 19 countries.