ENCAVIS AG

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

Nachricht vom 20.09.2021 | 07:07

ENCAVIS AG to be listed on the SDAX as of September 20, 2021

DGAP-News: ENCAVIS AG / Key word(s): Miscellaneous/Regulatory Approval
20.09.2021 / 07:07
The issuer is solely responsible for the content of this announcement.



Corporate News


ENCAVIS to be listed on the SDAX as of September 20, 2021


Hamburg, September 20, 2021 - As of today, September 20, 2021, Hamburg-based wind and solar park operator Encavis AG (Prime Standard; ISIN: DE0006095003, stock exchange symbol: ECV) is listed in the SDAX, the index of the 70 largest listed small cap companies in Germany after the newly formed DAX with the 40 largest companies now listed and the MDAX reduced to 50 companies, measured by free float market capitalisation. The former Capital Stage AG was listed in the SDAX for the first time on March 24, 2014, almost exactly seven and a half years ago, following its admission to the Prime Standard of Deutsche Börse AG in 2013.

Encavis AG's low risk and sustainable value-creating business model is based on a technologically stable state-of-the-art infrastructure and results in reliably and continuously rising earnings figures. Develop-ment risks are assumed by the strategic development partners - resulting, among other things, in an investment grade rating with a stable outlook for the Group. All operational wind and solar parks are centrally monitored and controlled. 95 percent of the Group's sales are secured on a long-term basis by fixed feed-in tariffs or by long-term (10 years) and also price-fixed private power purchase agreements (PPAs). Interest rate risks in the financing of the existing parks also do not exist, as all wind and solar parks have fixed interest conditions, congruent with the fixed agreed revenue periods. The continuously increasing revenue and earnings figures are characterised by stable earnings margins of around 75% EBITDA margin and around 45% EBIT margin. The stable cash inflows from the operating wind and solar parks are reflected in the dividend amounts, which have also risen continuously for more than 10 years.

Encavis AG's revenue, consolidated net income and market capitalisation have developed more than rapidly since 2013. Consolidated revenue in 2013 of around 57.0 million euros have increased more than fivefold, rising continuously to 292.3 million euros by 2020. In the current fiscal year 2021, the Executive Board expects more than 320 million euros. Consolidated net income rose from 14.0 million euros in 2013 to 68.1 million euros (2020) and has also increased almost fivefold. Operating cash flow increased almost six-fold, rising from 36.0 million euros (2013) to 212.9 million euros (2020). The market capitalisation of the former Capital Stage AG, now Encavis AG, has increased almost eightfold in the same period from around 272 million euros (March 4, 2014) to currently around 2.1 billion euros.


About ENCAVIS:
Encavis AG (Prime Standard; ISIN: DE0006095003 / ticker symbol: ECV) is a producer of electricity from Renewable Energies listed on the SDAX of Deutsche Börse AG. As one of the leading independent power producers (IPP), ENCAVIS acquires and operates solar parks and (onshore) wind farms in ten European countries. The plants for sustainable energy production generate stable yields through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPA). The Encavis Group's total generation capacity currently adds up to more than 2.8 gigawatts (GW), which corresponds to a total saving of 1.26 million tons of CO2 per year. Within the Encavis Group, Encavis Asset Management AG offers fund services to institutional investors.

Encavis is a signatory of the UN Global Compact as well as of the UN PRI network. Encavis AG's environmental, social and governance performance has been awarded by two of the world's leading ESG rating agencies. MSCI ESG Ratings awarded the corporate ESG performance with "AA" and ISS ESG with their "Prime" label.

Additional information can be found on www.encavis.com


Contact:
ENCAVIS AG
Jörg Peters
Head of Corporate Communications & IR
Tel.: + 49 (0)40 37 85 62 242
E-Mail: joerg.peters@encavis.com

http://www.encavis.com
Twitter: https://twitter.com/encavis


20.09.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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