28.02.2017
Capital Stage AG DE0006095003
DGAP-News: Capital Stage AG: Electricity production from renewable energy sources reaches record level in 2016
DGAP-News: Capital Stage AG / Key word(s): Miscellaneous/Miscellaneous
Capital Stage AG: Electricity production from renewable energy sources
reaches record level in 2016
28.02.2017 / 10:25
The issuer is solely responsible for the content of this announcement.
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Capital Stage AG: Electricity production from renewable energy sources
reaches record level in 2016
- Electricity production from solar and wind parks increases by more than
56 per cent to some 940 GWh
- Management Board affirms positive earnings forecast for the 2016
financial year
Hamburg, February, 28 2017 - Capital Stage, the SDAX-listed solar and wind
park operator based in Hamburg, managed once again to significantly expand
electricity production in 2016, in spite of below-average wind level
compared to the long-term average. The output from renewable energies
increased by more than 56 per cent, from around 600 gigawatt-hours (GWh) in
2015 to nearly 940 GWh of electricity in 2016 - thus setting a new record
for energy generation. Since October 2016, Capital Stage AG has held more
than 94 per cent of shares in the solar and wind park operator CHORUS Clean
Energy AG based in Neubiberg near Munich. Accumulated, the electricity
production of Capital Stage and CHORUS summed up to some 1.5 terawatt-hours
(TWh) in the entire year of 2016 (2015: 1.0 TWh).
By generating electricity from renewable sources, the Capital Stage Group
is making an important contribution to sustainable and clean energy
production. The electricity produced by the corporate group in 2016 from
solar and wind power - a total of 940 GWh - is sufficient to provide nearly
300,000 average households with electricity for one whole year. At the same
time, this reduces environmentally harmful CO2 emissions by more than
600,000 tonnes.
"The earnings generated are evidence of the high quality of the solar and
wind power plants acquired by Capital Stage, as well as the outstanding
operating management of the installations," notes Holger Götze, COO of
Capital Stage AG. "The fact that, despite the relatively low levels of wind
in 2016, our electricity production increased so significantly can be
attributed in particular to the regional and technical diversification of
our portfolio as well as the consistently high level of availability of our
plants. This figure was above 98 per cent for the annual average," Götze
continued.
Based on these results, the Management Board of Capital Stage AG affirms
the earnings forecast for the 2016 financial year, which had already been
adjusted upwards in November 2016. This guidance calls for an increase in
revenue to more than EUR 140 million and predicts operating earnings before
interest, taxes, depreciation and amortisation (operating EBITDA) of more
than EUR 104 million. Additionally, the Management Board expects to close
out the 2016 financial year with operating earnings before interest and
taxes (operating EBIT) of more than EUR 60 million. Cash flow from
operating activities is expected to reach a level above EUR 98 million. "We
are confident that, in keeping with the tradition of the previous years, we
will once again be able to reach the forecast figures for operating
earnings for 2016," says Dr Christoph Husmann, CFO of Capital Stage, of the
development. "We also foresee a significant increase in the operating
earnings indicators for the current 2017 financial year," continues Dr
Husmann.
Capital Stage AG will publish its financial results for the full year 2016
on March 31, 2017.
About Capital Stage AG:
Since 2009, Capital Stage has invested in and operated solar and wind
parks, now with installations in Germany, France, Finland, the United
Kingdom, Italy, Austria and Sweden. Including 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 more than 1.2 GW,
making it one of 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.
You can find further information on the company at www.capitalstage.com.
Contact:
Till Gießmann
Head of Investor & Public Relations
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Capital Stage AG
Große Elbstraße 59
22767 Hamburg
Fon: + 49 40 37 85 62-242
Fax: + 49 40 37 85 62-129
e-mail: [email protected]
http://www.capitalstage.com
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28.02.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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: [email protected]
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 News DGAP News Service
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