ENCAVIS AG

Earnings Release • May 8, 2014

News Details

Corporate | 8 May 2014 16:30

Capital Stage shows considerable growth in revenues and earnings in first quarter 2014

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

08.05.2014 / 16:30

---

Hamburg, 8 May 2014 - Capital Stage AG, Hamburg, has considerably increased
its revenues and earnings key figures in the first quarter of 2014.
Revenues rose by 42.4 per cent to 12.1 million euros (previous year: 8.5
million euros). Including other income the group generated IFRS group
earnings before interests, taxes, depreciations and amortisations (EBITDA)
amounting to 15.8 million euros (previous year: 11.0 million euros). This
represents an increase by 43.6 per cent.

EBIT was 10.3 million euros (previous year: 6.1 million euros) and by this
grew disproportionately by 68.8 per cent. Earnings before taxes (EBT)
increased by 90.6 per cent to 6.1 million euros (previous year: 3.2 million
euros). Profit tax charge was 0.8 million euros (previous year: 0.9 million
euros). The resulting surplus of the group according to IFRS amounted to
5.3 million euros (previous year: 2.3 million euros) and thus, with
increasing by 130.4 per cent, more than doubled compared to corresponding
reporting period of the previous year.

In the reporting period the group expanded its power generation portfolio
considerably. Especially the acquisition of a solar park portfolio in
France with a capacity of around 40 MWp represented the largest single
investment in the company's history with a total volume of 140 million
euros, including the take over of the existing debt financing. Currently,
the Capital Stage portfolio consists of solar and wind parks with a total
capacity of around 300 MWp.

The full financial report of Capital Stage AG for the first quarter 2014
will be published on 30 May 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 totalling to around 300 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). The shares of Capital
Stage AG have been included in the Deutsche Börse selective index SDAX in
March 2014.

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

Sebastian Bucher
Kirchhoff Consult AG
Tel.: + 49 (0)40 60 91 86-18
Fax: + 49 (0)40 60 91 86-60
E-Mail: sebastian.bucher@kirchhoff.de

End of Corporate News

---

08.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

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

End of News DGAP News-Service

267371 08.05.2014