07.12.2016
Capital Stage AG DE0006095003
DGAP-Adhoc: 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.
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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: [email protected]
07.12.2016 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 Announcement DGAP News-Service
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