22.03.2018
ENCAVIS AG DE0006095003
DGAP-News: Encavis AG raises dividend proposal and confirms preliminary operating results for the 2017 financial year
DGAP-News: ENCAVIS AG / Key word(s): Dividend/Final Results
Encavis AG raises dividend proposal and confirms preliminary operating
results for the 2017 financial year
22.03.2018 / 18:48
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Encavis AG raises dividend proposal and confirms preliminary operating
results for the 2017 financial year
Hamburg, 22 March 2018 - The SDAX-listed Hamburg-based solar and wind park
operator Encavis AG confirms the preliminary financial figures for the 2017
financial year as published on 19 March 2018 and will propose a dividend
amounting to EUR 0.22 (2016: EUR 0.20). This is the sixth time in a row that
Encavis has increased its dividend. Once again, the dividend shall be
offered as scrip dividend that leaves it to the shareholders whether to
receive the dividend in shares or in cash. For the current financial year
2018, the Management Board expects the Encavis AG to proceed on its path of
profitable growth.
"We want to allow our shareholders to participate in the extremely
successful development of Encavis AG too. In line with our dividend policy,
which we set by the end of 2017 on the basis of our solar and wind park
portfolio, we will once again increase the dividend this year. Accordingly,
we propose the Annual General Meeting to approve the distribution of a
dividend of 22 cents per no par value share with dividend rights for the
past financial year 2017", says Dr Dierk Paskert, CEO of Encavis AG.
On the basis of the company's solar and wind park portfolio as of 16 March
2018 as well as the assumption of average meteorological conditions, the
Management Board expects the company's positive development to continue in
the course of the year 2108. For the 2018 financial year, the Management
Board expects sales of more than EUR 240 million. Furthermore, the operating
EBITDA shall increase to more than EUR 175 million. The operating EBIT is to
grow to more than EUR 105 million, and cash flow from operating activities
will increase to more than EUR 163 million. Moreover, the 2018 financial
year will mark the first time that Encavis AG will include earnings per
share (EPS) as a financial figure in its guidance statement. For the
financial year 2018 EPS is etstimate to reach EUR 0.30. Over the course of
the year 2017 there were parks acquired with a generation capacity of around
100 MW, whose grid connection is scheduled for the end of 2018. Only by
incorporating the first full year of operation of these parks, operating EPS
would increase to 35 Eurocent in the financial year 2019.
The annual financial statements and the consolidated annual financial
statements are available on the Encavis-homepage (www.encavis.com) at the
Investor Relations-Section.
About the Encavis Group
Encavis AG is one of the leading independent power producers (IPPs) in the
field of renewable energy in Europe. The company obtains and runs solar
power plants and (onshore) wind farms in Germany and in eight other European
countries. The total generation capacity of the Encavis Group is currently
over 1.5 gigawatt (GW). With its wind farms and solar parks, the company
generates attractive financial returns, as well as very stable income
irrespective of economic conditions.
Encavis AG also offers it's long-standing experience and market knowledge in
the renewable energy segment to institutional investors. Within the Encavis
Group, the Encavis Asset Management AG (formerly known as CHORUS Clean
Energy AG) is specialized in the business with institutional clients.
Furthermore, the Encavis Technical Services GmbH is the Encavis Group's
service unit for the technical management of solar parks.
Encavis AG is predecessor of the Capital Stage AG and the CHORUS Clean
Energy AG. Encavis AG is listed on the regulated market (Prime Standard) of
the Frankfurt Stock Exchange, on the regulated market of the Hamburg Stock
Exchange (ISIN: DE0006095003/WKN: 609500) and on the SDAX of the German
Stock Exchange.
Contact:
Encavis AG
Till Gießmann
Head of Investor & Public Relations
------------------------------------------------------------
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.encavis.com
Twitter: https://twitter.com/encavis
---------------------------------------------------------------------------
22.03.2018 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
---------------------------------------------------------------------------
Language: English
Company: ENCAVIS 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.encavis.com
ISIN: DE0006095003, DE000A2GS625
WKN: 609500, A2GS62
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
---------------------------------------------------------------------------
667797 22.03.2018
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
ENCAVIS AG ISIN: DE0006095003 können Sie bei EQS abrufen
Solar-/Windparks , 609500 , ECV , XETR:ECV