ENCAVIS AG
Capital Stage publishes forecast for 2017
Capital Stage AG / Key word(s): Forecast/Forecast 07.12.2016 20:05 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Hamburg, 7 December 2016 - The SDAX-listed Hamburg-based solar and wind park operator Capital Stage has announced its forecast for the financial year 2017. The Management Board projects sales revenues in excess of EUR 200 million. Consolidated operating earnings before interest, taxes, depreciation and amortisation (EBITDA) are expected to increase to over EUR 150 million. Operating earnings before interest and taxes (EBIT) should come in at over EUR 90 million. Operating cash flow is expected to climb to over EUR 140 million. The forecast for the first time incorporates the expected financial results for the year 2017 of CHORUS Clean Energy AG ("CHORUS"), in which Capital Stage holds a stake of more than 94 per cent and which will be fully consolidated in the financial statements of Capital Stage going forward. The forecast is also based solely on the existing portfolio of solar and wind parks held by Capital Stage and CHORUS as of 7 December 2016. Not included into the forecast are potential new acquisitions and new mandates for the asset management activities that may be made in the course of 2017. The operating figures mentioned do not include any IRFS-related valuation effects. Capital Stage is currently reviewing several potential acquisitions and is in talks for further asset management mandates. The company is very confident to execute further acquisitions and transactions in the course of next year. About Capital Stage AG: Since 2009, Capital Stage invests and operates solar power plants and wind parks in Germany, Austria, France, Finland, UK, Italy, and Sweden. Including the solar and wind parks acquired and operated in the context of the asset management activities for third parties, the company's generation capacity amounts to over 1 GW, making it one of the leading solar and wind park operators in Europe. The solar and wind parks generate attractive returns as well as steady and predictable income. Capital Stage AG is listed in the regulated market (Prime Standard) of the Frankfurt Stock Exchange and in the regulated market of the Hanseatic Stock Exchange Hamburg (ISIN: DE0006095003 / WKN: 609500). Since 2014, Capital Stage AG is listed in the Deutsche Börse selective index SDAX. For more information, visit www.capitalstage.com Contact: Capital Stage AG Till Gießmann Head of Investor & Public Relations Fon.: + 49 (0)40 37 85 62-242 Fax: + 49 (0)40 37 85 62-129 e-mail: till.giessmann@capitalstage.com 07.12.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Capital Stage AG Große Elbstraße 59 22767 Hamburg Germany Phone: +49 4037 85 62 -0 Fax: +49 4037 85 62 -129 E-mail: info@capitalstage.com Internet: www.capitalstage.com ISIN: DE0006095003 WKN: 609500 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Anstehende Events
Events Funktionen
Weitere Funktionen
Webcasts
Keine Webcasts gefunden