CHORUS Clean Energy AG
CHORUS Clean Energy AG maintains its positive course of business in the first nine months of 2016
DGAP-News: CHORUS Clean Energy AG / Key word(s): 9-month figures PRESS RELEASE CHORUS Clean Energy AG maintains its positive course of business in the first nine months of 2016 – Group revenue reaches EUR 49.0 million – Operating result EBITDA rises by 5.6 percent to EUR 39.0 million – Managed wind and solar park portfolio expanded by a further 230 megawatts
The CHORUS managed portfolio, which comprises its own plants and those it manages for third parties, generated approximately 550 million kilowatt hours (kWh) of clean energy between the start of January and the end of September 2016. Compared with the previous year, this equates to an increase of around 90 percent (9M 2015: 294 million kWh). During the 2016 reporting period, CHORUS generated operating earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 39.0 million (9M 2015: EUR 36.8 million). The EBITDA margin rose accordingly by five percentage points as compared with the same period last year to around 79 percent. The earnings before interest and taxes (EBIT) increased by 2.3 percent to EUR 20.7 million. “We look back to a very successful time and are delighted to take the chances on the market for renewable energies with our majority shareholder Capital Stage and to continue our successful path of growth” says Helmut Horst, Management Board member at CHORUS. The full interim report for the third quarter of 2016 can be downloaded from the company’s website at http://www.chorus.de/en/investor-relations/publications/ About CHORUS
2016-11-30 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | CHORUS Clean Energy AG | |
Prof.-Messerschmitt-Straße 3 | ||
85579 Neubiberg / Munich | ||
Germany | ||
Phone: | +49 (0)89 442 30 60 – 0 | |
Fax: | +49 (0)89 442 30 60 – 11 | |
E-mail: | info@chorus.de | |
Internet: | www.chorus-gruppe.de | |
ISIN: | DE000A12UL56 | |
WKN: | A12UL5 | |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange | |
End of News | DGAP News Service |