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Earnings Release • Mar 31, 2014

News Details

Corporate | 31 March 2014 16:45

Capital Stage AG reports successful financial year 2013

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

31.03.2014 / 16:45

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* Revenues increase to 57.0 million euros (+26.4%)
* Profit rises to 14.0 million euros (+53.6%)
* Portfolio expansion by 66 MWp (+37.7%)
* Entry into the French market

Hamburg, 31 March 2014 - The past financial year was consistently positive
for Hamburg based solar and wind park operator Capital Stage AG. Primarily
because of the successful placement of the so far largest capital increase
and the subsequent extensive investment programme Capital Stage was able to
surpass its earnings targets for the financial year 2013.

The consolidated financial statement, which was approved by the Supervisory
Board today, shows an increase in revenues for the past financial year
amounting to a total of 57.0 million euros. This corresponds to an increase
of 26.4 per cent compared to the previous year. In terms of EBITDA and EBIT
the company recorded even more significant improvements: EBITDA increased
by 49.6 per cent to 50.4 million euros, EBIT by 54.6 per cent to 31.7
million euros. For 2013 Capital Stage recorded a consolidated net profit
amounting to 14.0 million euros and therefore earned 53.6 per cent more
than in the previous year. Earnings per share were 0.24 euros (previous
year 0.18 Euro).

Highlights of the financial year 2013

The basis for the dynamic expansion of Capital Stage was the successful
placement of a capital increase with a volume of 49.3 million euros in
October 2013. Besides the financing of the targeted growth Capital Stage
was able to broaden and internationalize its investor base and ensure the
inclusion in the selective index SDAX through this transaction, following
in March 2014.

In total, Capital Stage acquired solar- and wind parks in 2013 with a total
output of 66 MWp. In the course of these acquisitions Capital Stage
expanded its power generation portfolio to 241 MWp as at 31 December 2013.
Besides the acquisitions in the markets that Capital Stage had already
entered in Germany and Italy especially the market entry in France, through
the purchase of two solar projects in the region of Languedoc-Roussillon on
16 December 2013, is a remarkable success. Through this, the way was paved
for the purchase of further French solar parks, which one was already able
to realize in December 2013 and after the end of the reporting period in
March 2014, which increased the portfolio to currently 288 MWp.

Along with the expansion of the solar park portfolio the company's
subsidiary Capital Stage Solar Service GmbH was able to acquire further
service contracts for third-party solar parks, thereby increasing the
management and service volume to about 165 MWp.

Felix Goedhart, CEO of Capital Stage AG: "In 2013, we have taken a
tremendous dynamic development. We were able to broaden and
internationalize our investor base, significantly increase our portfolio
and enter into the French market. At the same time we have strengthened the
second pillar of our group, the management and technical service of
external solar parks. Therefore, we are very pleased with the development
of Capital Stage and see a lot of potential for further growth."

Next growth steps have been taken, further steps are planned

After the acquisitions that already have been made in 2014, including the
largest single investment in the company's history in March 2014, whereby
the company acquired four French solar parks with a total output of 40 MWp,
Capital Stage, now possessing a portfolio of 288 MWp, is optimistic about
the further course of the current financial year.

With respect to the financial year 2014 the company expects a growth in
sales revenues to more than 80 million euros, an improvement of EBITDA to
more than 67 million euros as well as an improvement of EBIT to 40 million
Euros and EBT to more than 23 million euros.

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 288 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

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

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