ENCAVIS AG

Earnings Release • Aug 25, 2015

News Details

Corporate | 25 August 2015 08:47

Capital Stage continues on its profitable growth path in the first half of 2015

DGAP-News: Capital Stage AG / Key word(s): Half Year Results/Half Year
Results

2015-08-25 / 08:47

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Hamburg, 25 August 2015 - Capital Stage, the SDAX-listed solar
park and wind farm operator based in Hamburg, Germany, continued on its
profitable growth path in the first half of the current financial year.
Revenues and earnings again increased at a double-digit rate during the
period under review. Capital Stage expects this dynamic growth path to
continue also in the second half of 2015. Already in July 2015 the company
increased its earnings forecast for the full year 2015 based on the
existing portfolio of solar- and wind parks at that point in time.
Including the remaining funds from the strategic partnership with the
Gothaer insurance Group Capital Stage currently has funds available for
further investments of approximately 70 million Euro.

The dynamic growth path of Capital Stage in the first half of 2015 was once
again the result of the substantial expansion of the company's operational
basis. As a result, Capital Stage was able to increase its revenues in the
first six months of the year significantly by over 40 per cent
to 56.4 million Euro (previous year: 39.5 million Euro). The Group's
earnings before interest, taxes, depreciation and amortisation (EBITDA)
increased to 41.8 million Euro from 29.2 million Euro in the previous year.
Earnings before interest and taxes (EBIT) reached 27.6 million Euro
(previous year: 19.7 million Euro). Operating earnings before taxes (EBT)
came in at 14.4 million Euro (previous year: 12.3 million Euro). The cash
flow from operating activities for the period was 22.8 million Euro
(previous year: 20.4 million Euro). This Group earnings development is
based solely on the company's operating profitability and does not take any
IFRS-related valuation effects into account.

Positive Outlook
Based on the positive business development Capital Stage increased its
earnings forecast for 2015 on July 23, 2015. The earnings forecast thereby
incorporated the existing solar- and wind park portfolio at that point in
time.

Furthermore, Capital Stage has a very well-equipped acquisition pipeline
and is currently investigating investment opportunities in its core regions
of Germany, France, Italy and the UK, some already with exclusivity.
Capital Stage is confident that it will have fully invested the 150 million
Euro funds provided by the Gothaer insurance Group as part of the strategic
partnership by the end of 2015. On top, Capital Stage itself currently has
additional funds available for further investments of approximately 35
million Euro.

The semi-annual report 2015 of Capital Stage will be published on August
31, 2015.

About Capital Stage AG:
Since 2009, Capital Stage has acquired solar power plants and wind parks in
Germany, France, Italy and the UK with a capacity of almost 500 MW, making
it Germany's largest operator of solar parks. Its solar and wind parks
generate attractive returns and continuous revenues, while offering a
moderate level of investment risk.

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). The shares of Capital
Stage AG have been listed in the Deutsche Börse selective index SDAX since
March 2014.

For more information, visit www.capitalstage.com

Contact:
Capital Stage AG
Till Giessmann
Head of Investor & Public Relations
Phone: + 49 (0)40 37 85 62-242
Fax: + 49 (0)40 37 85 62-129
e-mail: till.giessmann@capitalstage.com

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Language: English
Company: Capital Stage AG
Große Elbstraße 45
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

End of News DGAP News-Service

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