ENCAVIS AG

Earnings Release • Jan 10, 2014

News Details

Corporate | 10 January 2014 10:05

Capital Stage AG: Revenues and earnings targets 2013 surpassed again according to preliminary calculations

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

10.01.2014 / 10:05

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– Increase in revenues by 26 per cent to 57 million euros

– EBITDA rises by 48 per cent to 50 million euros

– EBIT and EBT each increase by more than 50 per cent to around 31 respectively more than 15 million euros

Hamburg, 10 January 2014 – With the extensive investment programme at the end of 2013 Capital Stage AG is continuing its positive business development: Because of the faster than planned expansion of its portfolio, the Hamburg based operator of solar and wind parks has again surpassed its recently updated forecast and the raised earnings targets for the full financial year 2013 (revenues 55 million euros, EBITDA 48 million euros and EBIT 30 million euros) according to preliminary calculations.

Thus, revenues in the completed financial year amounted to some 57 million euros, an increase by 26 per cent compared to previous year’s figure of 45.1 million euros. The earnings before interests, taxes, depreciations and amortisations (EBITDA) rose disproportionately by 48 per cent to around 50 million euros (previous year: 33.7 million euros). For the earnings before interests and taxes (EBIT) a growth by more than 50 per cent to around 31 million euros is recorded (previous year: 20.5 million euros). Taking into account the financial result, earnings before taxes (EBT) of more than 15 million euros remain (previous year: 9.5 million euros).

Felix Goedhart, CEO of Capital Stage AG, is pleased: ‘The preliminary figures prove, that our business model distinguishes itself by an attractive profitability. In addition, with the swift implementation of large proportions of our investment programme by the end of the past year, we have laid the foundations for further growth in revenues and profit in the financial year 2014.’

Based on the conducted transactions in 2013, which raised the power production capacity portfolio of Capital Stage AG to more than 241 MWp, the company is currently framing a forecast for the financial year 2014, which is going to be disclosed during the upcoming weeks separately. The announcement of the final audited results for 2013 is expected to take place on 31 March 2014.

About Capital Stage AG:

Since 2009, Capital Stage has acquired solar power plants and wind parks in Germany, France and Italy with a capacity totaling to around 241 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 an in the regulated market of the Hanseatic Stock Exchange Hamburg (ISIN: DE0006095003 / WKN: 609500).

For further information about the company, please visit www.capitalstage.com

Contacts:

Thomas Schnorrenberg

Capital Stage AG

Tel.: + 49 (0)40 37 85 62-242

Fax: + 49 (0)40 37 85 62-129

E-Mail: thomas.schnorrenberg@capitalstage.com

End of Corporate News

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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
Listed:	Regulierter Markt in Frankfurt (Prime Standard), Hamburg; Freiverkehr in Berlin, Düsseldorf, München, Stuttgart

End of News	DGAP News-Service

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