Capital Stage AG – Power generation from renewable sources in 2015 exceeded expectations
The SDAX-listed Hamburger solar and wind farm operators Capital Stage was able to boost its electricity production in 2015 again. Overall, nearly 600 million kWh of electricity from renewable sources compared to about 320 million kWh, the company produced last year in 2014 (+ 87.5%). For the good result was in addition to the ongoing expansion of the portfolio of solar and wind farms in a strong solar year, 2015. The company thus exceeded its own expectations for the generation of electricity for the year 2015 under imputation of new acquisitions by more than two percent (forecast 2015: 586 million kWh). Developed particularly favorably in this context, the German solar park portfolio which exceeded its own targets by around nine per cent, benefiting from the increased number of sunny days in Germany last year.
With the generation of electricity from renewable energy Capital Stage is an important contribution to sustainable and clean energy supply in its core markets of Germany, France, Great Britain and Italy. The produced by Capital Stage in 2015 amount of electricity from solar energy and wind power is sufficient here to meet the annual needs of almost 240,000 households. At the same time the emission of over 400,000 tons of CO 2 avoided.
“We are pleased to have met with the generation of electricity from solar energy and wind power the company’s forecasts in 2015,” commented Dr. Maubach, CEO of Capital Stage AG. “The good result confirms our continuing our conservative investment strategy and evaluation. At the same time it also reflects the high quality of our acquired solar and wind farms and their good technical care and maintenance contrary, “said Untermaubach on.
Capital Stage had recently adjusted its overall forecast for the financial figures of the financial year 2015 in November 2015 upwards. Thereafter, the company continues to expect an increase in turnover of 77.8 million euros in 2014 to over 110 million euros in 2015. In terms of operating profit before interest, taxes, depreciation and amortization (operating EBITDA) is expected to rise to over 86 million euros (2014: EUR 54.5 million) expected. The projected operating profit (operating EBIT) to (2014: EUR 33.7 million) to over 52 million euro rise. For the operating cash flow is expected to result in excess of EUR 81 million (2014: EUR 55.9 million).
Capital Stage will publish its financial figures for the 2015 financial year on 31 March 2016th