ENCAVIS AG again surpasses targets in the first half of 2019 and increases outlook for all operating performance indicators of 2019

ENCAVIS AG / Key word(s): Change in Forecast/Half Year Results
ENCAVIS AG again surpasses targets in the first half of 2019 and increases outlook for all operating performance indicators of 2019

28-Aug-2019 / 07:06 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.




Ad hoc announcement:
Publication of inside information pursuant to Article 17 MAR



Hamburg, 28 August 2019 - The Management Board of Encavis AG (ISIN: DE0006095003, Prime Standard), which is listed on the SDAX, has once again raised its outlook for all operating revenue and earnings figures for the 2019 financial year as a whole due to the continued positive meteorological conditions and the Group's very positive operating performance in the first half of 2019:

An increase in sales to > EUR 270 million (previously > EUR 260 million),
an increase in operating EBITDA to > EUR 218 million (previously > EUR 210 million),
an increase in operating EBIT to > EUR 132 million (previously > EUR 125 million),
an increase in operating cash flow to > EUR 198 million (previously > EUR 190 million) and
an increase in operating earnings per share (EPS) from EUR 0.40 to EUR 0.42 are expected.

 

About Encavis AG:
Encavis AG (Prime Standard; ISIN: DE0006095003 / WKN: 609500) is a producer of electricity from renewable sources listed in the SDAX of Deutsche Börse. As one of the leading Independent Power Producers (IPPs), Encavis acquires and operates solar power plants and (onshore) wind parks in ten European countries. The plants for sustainable energy generation generate stable returns through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPAs). Within the Encavis Group, Encavis Asset Management AG specialises in the area of institutional investors. Encavis Technical Services GmbH is the Group's own service unit for the technical management of solar parks.

Further information on the company can be found at www.encavis.com.
 

Contact:

Encavis AG
Jörg Peters
Head of Investor Relations & Public Relations
Tel.: + 49 (0)40 37 85 62-242
Fax: + 49 (0)40 37 85 62-129
E-Mail: joerg.peters@encavis.com

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

28-Aug-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language:English
Company:ENCAVIS AG
Große Elbstraße 59
22767 Hamburg
Germany
Phone:+49 4037 85 62 -0
Fax:+49 4037 85 62 -129
E-mail:info@encavis.com
Internet:www.encavis.com
ISIN:DE0006095003
WKN:609500
Indices:SDAX
Listed:Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID:864239


 
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