DGAP-News: ENCAVIS AG / Key word(s): Regulatory Approval/Miscellaneous
Encavis AG being promoted via Fast Entry to the MDAX
The stock market is thus rewarding Encavis AG's impressive operational success story. The transfer of the former Capital Stage AG to the Prime Standard of Deutsche Börse AG in 2013 was followed by its inclusion in the SDAX almost seven years ago, on March 24, 2014.
"The future MDAX listing is both an incentive and confirmation for us to push ahead with our growth strategy '>>Fast Forward 2025' and to market subsidy-free green electricity from our wind and solar parks directly to industrial and commercial customers at market prices via long-term power purchase agreements (PPAs)," said Dr Christoph Husmann, CFO of Encavis AG, underlining the Group's sustainable growth ambitions.
Since 2013, Encavis AG's sales, consolidated net income and stock market value have developed rapidly. Consolidated sales in 2013 of around 57.0 million euros have increased more than fivefold, rising continuously to 292.3 million euros by 2020. Consolidated net income increased from 14.0 million euros in 2013 to currently 68.1 million euros and has also increased almost fivefold. The operating cash flow has increased almost sixfold, 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 nearly ninefold in the same period from around 272 million euros (March 4, 2014) to more than 2.4 billion euros yesterday.
"The promotion to the MDAX fills me with particular pride for the tireless efforts of our complete Encavis team, which delivers top performance every day and especially under the difficult conditions of the COVID-19 pandemic. More than ever, we are all committed to the goal of renewable energy production," said Dr Dierk Paskert, CEO of Encavis AG, welcoming the Companies index advancement.
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
|Große Elbstraße 59|
|Phone:||+49 4037 85 62 -0|
|Fax:||+49 4037 85 62 -129|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1172983|
|End of News||DGAP News Service|