Corporate | 13 November 2014 12:23
DGAP-News: Capital Stage AG / Key word(s): 9-month figures/9-month
figures
13.11.2014 / 12:23
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- Increase in revenues of 41.6 per cent to 65.0 million Euros
- EBIT shows growth of 43.4 per cent to 41.9 million Euros
- Group profit (EAT) rises by 43.8 per cent to 22.1 million Euros
- FFO improved by 53.1 per cent to 30.5 million Euros
- Cash flow from operating activities rose by 85.2 per cent to 42.4 million
Euros
Hamburg, 13 November 2014 - SDAX-listed solar and wind park operator
Capital Stage from Hamburg was able to again improve its revenues and
earnings figures considerably within the first nine months of the financial
year 2014. Compared to previous year's period, revenues rose by 41.6 per
cent to 65.0 million Euros (previous year: 45.9 million Euros). The IFRS
group earnings before interests, taxes, depreciations and amortisations
(EBITDA) were increased considerably by 42.8 per cent to 61.2 million Euros
(previous year: 42.8 million Euros). The earnings before interests and
taxes (EBIT) rose by 43.6 per cent to 41.9 million Euros (previous year:
29.2 million Euros). The earnings before taxes (EBT) improved as well
considerably by 41.7 per cent to 25.9 million Euros (previous year: 18.3
million Euros). The group profit (EAT) in the first nine months of the
financial year 2014 according to IFRS amounted to 22.1 million Euros
(previous year: 15.4 million Euros), a gain compared to previous year's
period of 43.8 per cent.
In the third quarter of 2014, Capital Stage further expanded its power
production portfolio with the acquisition of a further solar park in
Germany (Bavaria) with a capacity of 5.6 MWp. Thereby Capital Stage remains
Germany's largest independet solar park operator. As of the reporting date
on 30 September 2014, the Capital Stage portfolio in total contains of 47
solar and wind parks with a total capacity of around 313 MWp.
The company's operational profitability was improved substantially, inter
alia through the steady expansion of the power production portfolio. Funds
from Operations (FFO) rose by 53.1 per cent to 30.5 million Euros (previous
year: 19.9 million Euros). Cash flow from operating activities also
increased considerably by 85.2 per cent to 42.4 million Euros (previous
year: 22.9 Million Euros)
"The very gratifying development of the results again underlines the
sustainability of our business model and, in addition, shows that we
disproportionately profit from a growing power power production portfolio",
comments Felix Goedhart, CEO of Capital Stage AG on the quarterly results.
"We want to continue our dynamic growth also during the financial year
2015. For this purpose we have established an attractive acquisition
pipeline whose financing shall be realised by way of alternative financing
structures and not through another capital increases. For this we are in
negotiations with institutional investors, who show great interest in
investments in renewable energies", adds Goedhart.
The full report of Capital Stage AG as of the third quarter 2014 will be
published on 28 November 2014, amongst others, on the company's website
www.capitalstage.com in the Investor Relations section.
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 313 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
Contact
Capital Stage AG
Till Gießmann, Head of Investor & Public Relations
Tel.: + 49 (0)40 37 85 62-242
Fax: + 49 (0)40 37 85 62-129
E-Mail: till.giessmann@capitalstage.com
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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
End of News DGAP News-Service
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