ENCAVIS AG

Earnings Release • Mar 9, 2015

News Details

Ad-hoc | 9 March 2015 10:06

Capital Stage AG preliminary figures for 2014: Group earnings before taxes (EBT) up by more than 50%

Capital Stage AG / Key word(s): Preliminary Results/Preliminary Results

09.03.2015 10:06

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Hamburg, 9 March 2015 - Capital Stage, the Hamburg-based, SDAX-listed
operator of solar parks and wind farms has significantly surpassed its
previous year's financial result and exceeded its consolidated earnings
forecast for the full year 2014,according to preliminary figures.

In the financial year 2014 Capital Stage generated revenues of about 77.8
million Euro (2013: 57.0 million Euro). This represents a year-on-year
increase of around 37.0%. Earnings before interest, taxes, depreciation and
amortisation (EBITDA) even rose disproportionately, by nearly 70.0%, to a
total of more than 85.3 million Euro (2013: 50.4 million Euro).

Also earnings before interest and taxes (EBIT) rose sharply to almsot 46.4
million Euro (2013: 31.7 million Euro). Including the group's financial
result, this means Capital Stage is expected to report consolidated ernings
before taxes (EBT) of about 23.8 million Euro (2013: 15.8 million Euro).
This represents a year-on-year improvement of around 50.0%. The company has
therefore clearly exceeded its EBT-based earnings forecast of 23.0 million
Euro for the FY2014.

Also operational proftability has been further increased in the financial
year 2014, cash from operating activities increased by more then 50.0%
year-over-year to about 55 million Euro (2013: 36.0 million Euro).

These preliminary figures for Capital Stage are still subject to audit and
must be confirmed by the Supervisory Board. Definitive financial and
earnings figures for the year 2014 will be published on 31 March 2015.

About Capital Stage AG:
Since 2009, Capital Stage has acquired solar power plants and wind parks in
Germany, France and Italy with a capacity of more than 440 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 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 Announcement DGAP News-Service

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