ENCAVIS AG

Earnings Release • May 20, 2015

News Details

Corporate | 20 May 2015 10:00

Capital Stage AG significantly increases sales and operating result in Q1 2015

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

2015-05-20 / 10:00

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Capital Stage AG significantly increases sales and operating result in Q1
2015

Hamburg, Germany, 20 May 2015 - Capital Stage, the Hamburg-based,
SDAX-listed operator of solar- and wind-parks again achieved a significant
increase in its operating profitability in the first quarter of 2015. The
company benefited from the continued expansion of its portfolio of solar
parks and wind farms in its core European markets Germany, Italy, France
and the UK. Sales increased by more than 60 per cent year-on-year in the
first quarter of 2015, to 19.5 million Euro (Q1 2014: EUR 12.1m).

Operating earnings before interest, taxes, depreciation and amortisation
(operating EBITDA) increased sharply by more than 70 per cent to 13.4
million Euro (Q1 2014: EUR 7.8m). Capital Stage therefore generated an
operating profit of 6.8 million Euro in the first three months of 2015 (Q1
2014: EUR 3.6m). This equates to an increase of almost 88 per cent.
Operating earnings before taxes (operating EBT) consequently came to 1.1
million Euro in the first quarter of 2015 (Q1 2014: EUR 0.8m). This Group
earnings development is based solely on the company's operating
profitability and does not take any IFRS-related valuation effects into
account.

In view of the pleasing development of business in the first quarter of
2015 and the acquisition plans for the rest of the current financial year,
the Management Board of Capital Stage AG is upholding the forecast for the
operating result of Capital Stage in the 2015 financial year as published
on 31 March 2015.

Capital Stage will publish its full consolidated financial statements
for the period 1 January to 31 March 2015 as prepared in accordance with
the IFRS on 29 May 2015. They can be found on the company's website at
www.capitalstage.com.

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 about 450 MWp, 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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2015-05-20 Dissemination of a Corporate News, transmitted by DGAP - a
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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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