ENCAVIS AG

  • WKN: 609500
  • ISIN: DE0006095003
  • Land: Deutschland

Nachricht vom 31.03.2015 | 18:19

Capital Stage AG: Confirmation of preliminary results for the financial year 2014 / Tax-free dividend raised by 50 per cent / Earnings growth to continue in 2015


Capital Stage AG  / Key word(s): Final Results/Dividend

31.03.2015 18:19

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- Confirmation of preliminary results for the financial year 2014 - Tax-free dividend raised by 50 per cent to EUR 0.15 per share - Earnings growth to continue in 2015 Hamburg, March 31, 2015 - Capital Stage, the Hamburg-based, SDAX-listed operator of solar- and wind-parks, confirmed the preliminary figures for 2014 announced on 9 March 2015, when it published its audited annual financial statements and its consolidated financial statements today. For the financial year 2014 Capital Stage will pay a tax-free dividend of EUR 0.15 per voting share. This represents a year-on-year increase of 50 per cent (2013: EUR 0.10). Shareholders are again to be offered the dividend as an optional dividend, which is tax free in accordance with Section 27 paragraph 1 Corporation Tax Act. Based on the company's positive operating and cash flow performance in 2014, the Supervisory Board approved a corresponding proposal from the Management Board at the Supervisory Board meeting held today to apporve the financial statements. The decision is furthermore subject to approval by the Annual General Meeting. On the basis of its current portfolio Capital Stage assumes that earnings growth will continue in the 2015 financial year. The company is projecting revenue growth of around 35 per cent to over EUR 105 million (2014: EUR 77.8 million). Operating earnings before interest, taxes, depreciation and amortization (operating EBITDA) should increase to more than EUR 73.3 million (2014: EUR 54.5 million). Forecasted operating earnings before interest and taxes (operating EBIT) should go up by almost 30 per cent to EUR 43.2 million (2014: EUR 33.7 million). These forecasts for operating earnings do not include any IFRS-induced valuation effects. Capital Stage's earnings forecast is based on the existing portfolio as of 31 March 2015. The company currently has investment capital of some EUR 100 million available for further transactions. Including the usual leverage at project level this represents a total investment volume of about EUR 400 million. Capital Stage AG will publish its audited annual financial statements and consolidated financial statements for the financial year 2014 today. They can be obtained from the company's website, www.capitalstage.com. 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 440 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 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 Email: ir@capitalstage.com 31.03.2015 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 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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