ENCAVIS AG

Earnings Release • Jul 23, 2015

News Details

Ad-hoc | 23 July 2015 16:36

Capital Stage AG increases guidance for FY 2015 by 10 per cent

Capital Stage AG / Key word(s): Forecast/Change in Forecast

23.07.2015 16:36

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Hamburg, 23 July 2015 - Capital Stage, the Hamburg-based and SDAX-listed
operator of solar- and wind-parks, today increased its guidance for the
financial year 2015 by approximately 10 per cent in comparison with the
earnings forecast from March 2015. The higher earnings expectations are
among else attributable to the successful conclusion of the acquisition of
an Italian solar park portfolio from the Austrian Stumpf Group which had
been signed under conditions precedent in early June 2015.

The management of Capital Stage expects a further increase in revenues
compared with the earnings forecast from March 2015 to a total of over 115
million Euro (previous forecast EUR 105m). The operating earnings before
interest, taxes, depreciation and amortisation (operating EBITDA) are
expected to increase to over 80 million Euro (previous forecast EUR 73m).
The projected operating earnings before interest and taxes (operating EBIT)
should increase to over 48 million (previous forecast EUR 43m).

Compared with the consolidated financial statements for the year 2014 total
revenues will thus increase significantly from 77.8 million Euro to over
115 million Euro (+48 per cent). Operating EBITDA will increase from 54.5
million Euro to over 80 million Euro (+47%) over the same period. The
operating EBIT for the financial year 2015 will improve further to more
than 48 million Euro (+42%) compared with 33.7 million Euro in the
financial year 2014. Also the operating cashflow will increase
significantly to over 79 million Euro (41%) compared with 55.9 million Euro
in the previous year.

These forecasts for operating earnings do not include any IFRS-induced
valuation effects.

Capital Stage's adjusted earnings forecast is based on the existing
portfolio as of 23 July 2015.

The company is currently analysing further options for acquisitions and is
confident that it will have fully invested the funds provided by the
Gothaer insurance Group as part of the strategic partnerhisp by the end of
2015.

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 more than 480 MW,
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

23.07.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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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