Electricity generation from renewables exceeds expectations in 2015
In 2015 the Hamburg-based solar park and wind farm operator Capital Stage, which is listed on the SDAX, again significantly increased the amount of electricity generated. Last year, the company generated a total of almost 600,000,000 kWh of electricity from renewables, compared to around 320,000,000 kWh in 2014 (an increase of 87.5 percent). Besides the ongoing expansion of its portfolio of solar parks and wind farms, the company's good results were furthermore influenced by the large number of sunny days in 2015. Including its new acquisitions, the company also exceeded its own expectations in terms of electricity generation in 2015 by more than two per cent (2015 forecast: 586,000,000 kWh). In this regard, the performance of its German solar park portfolio was particularly good as it exceeded its own forecasts by approximately nine per cent, benefiting from the increased number of sunny days in Germany last year.
By generating electricity from renewables, Capital Stage is making a significant contribution to a sustainable supply of clean energy in its core markets Germany, France, the UK and Italy. The electricity generated from solar and wind energy by Capital Stage in 2015 is enough to meet the annual needs of almost 240,000 households whilst saving more than 400,000 tonnes of CO2.
"We are proud to have exceeded our own expectations on the amount of electricity generated by our solar parks and wind farms in 2015", commented Dr Maubach, CEO of Capital Stage AG. "The good results encourage us to continue pursuing our conservative investment and valuation strategy. Simultaneously, they reflect the high quality of our solar parks and wind farms as well as their excellent technical maintenance by our team", continues Maubach.
In November 2015 Capital Stage revised and once again increased the forecast for its financial results for the full FY2015. The company now continues to expect its turnover to increase from EUR 77.8 million in 2014 to more than EUR 110 million in 2015. The company expects its earnings before interest, taxes, depreciation and amortisation (EBITDA) to increase to more than EUR 86 million (2014: EUR 54.5 million). It expects its earnings before interest and taxes (EBIT) to increase to more than EUR 52 million (2014: EUR 33.7 million) and it expects its operating cash flow to surpass EUR 81 million (2014: EUR 55.9 million).
Capital Stage will officially publish its financial results for the full FY2015 on March 31, 2016.
