DGAP-Adhoc: Capital Stage AG increases guidance for 2015 in

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News Desk 2018

Nov 19, 2015 at 1:30 PM

DGAP-Adhoc: Capital Stage AG increases guidance for 2015 in view of strong nine-month figures

Capital Stage AG / Key word(s): 9-month figures/9-month figures 19.11.2015 19:24 Dissemination of an Ad hoc announcement according to Â§ 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Capital Stage AG increases guidance for 2015 in view of strong nine-month figures: Sales revenues, EBITDA and EBIT to increase by over 50 percent each / EBIT margin climbs to 56.7 percent (9M 2014: 55.2%) / Earnings forecast for 2015 raised Hamburg, 19 November 2015 - The Hamburg-based and SDAX-listed operator of solar and wind parks has raised its earnings forecast for financial year 2015 due to the positive performance in the first nine months of the year. At the same time, the company announced the sale of its financial investment Helvetic Energy GmbH, Switzerland. The sale marks the closure of Capital Stage's financial investments segment and the company will exclusively focus on its successful core business. The figures presented by Capital Stage for the first nine months of 2015 (including the comparative figures of the previous year) and the earnings forecast for 2015 are exclusive of income effects made by Helvetic Energy. In the first nine months of 2015, Capital Stage increased its revenues by over 50 percent to EUR 94.4 million compared to the same period of the previous year (9M 2014: EUR 60.8 million). Operating earnings before interest, taxes, depreciation and amortisation (EBITDA) rose from EUR 48.3 million to EUR 76.3 million (+58%). Operating earnings before interest and taxes (EBIT) came in at EUR 53.5 million (9M 2014: EUR 33.5 million; +60%). Operating cash flow for the period amounted to EUR 53.7 million (9M 2014: EUR 42.4 million). The above figures exclusively reflect the company's operating profitability and do not include any IFRS-related valuation effects. Neither do they reflect any income effect from Helvetic Energy. Guidance for FY 2015 raised On the background of the positive performance in the first nine months, Capital Stage raised its guidance for the financial year 2015. The previous guidance dated 23 July 2015 was initially adjusted for the sale of Helvetic Energy, which had been expected to contribute approx. EUR 7.5 million to the company's full-year revenues. No further earnings figures were adjusted, as no contribution to earnings had been planned for Helvetic Energy for the reporting period. In connection with this, no further adjustment of other earning figures had to be made. Against this adjusted forecast, the Management Board of Capital Stage AG now expects revenues for the full financial year 2015 to increase to over EUR 110 million (previous adjusted forecast: EUR 107.5 million). Operating earnings before interest, taxes, depreciation and amortisation (operating EBITDA) are expected to climb to over EUR 86 million (previously EUR 80 million). Operating earnings before interest and taxes (operatives EBIT) are projected to increase to over EUR 52 million (previously EUR 48 million). Operating cash flow is expected to come in at over EUR 81 million (previously EUR 79 million). The adjusted earnings forecast of Capital Stage AG is based on the existing portfolio as of 17 November 2015. The company is currently analysing further options for acquisitions and is very confident that it will have fully invested the funds provided by Gothaer Versicherungen as part of the strategic partnership in the course of the first quarter of 2016 at the latest. Additional liquidity for investments is available at Group level. The full nine-months report of Capital Stage AG will be published on 30 November 2015. The report is available on the company's website www.capitalstage.com within the Investor Relations section. 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 total generation capacity of almost 550 MW. As such, Capital Stage today is Germany's largest independent operator of solar parks and already has a generating capacity that is equivalent to half the output of a nuclear power plant. Capital Stage today also is Germany's largest independent operator of solar parks. The high quality of the existing portfolio in combination with an excellent O&M management generate attractive returns and stable revenues for Capital Stage, while offering only 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 BÃ¶rse Frankfurt a. M. 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 19.11.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Capital Stage AG GroÃe ElbstraÃe 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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