DGAP-News: Significant increase in revenues and profit after nine months
(firmenpresse) - DGAP-News: Capital Stage AG / Key word(s): 9-month figures
Significant increase in revenues and profit after nine months
29.11.2013 / 11:31
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* Revenues increase by more than 25 per cent year-on-year
* EBITDA and EBIT rise significantly more than proportionally
* Further investments expected during the next months
Hamburg, 29 November 2013. Capital Stage group, Hamburg, has significantly
improved its revenues and profit indicators also in the third quarter. In
the nine-month report, which is now available on the group's website, the
company discloses revenues of 45.9 million euros, an increase by 25.7 per
cent compared to previous year's period (previous year: 36.5 million
euros). Other income amounting to 11.7 million euros were about at previous
year's level (previous year: 12.0 million euros).
Earnings before interests, taxes, depreciations and amortisations (EBITDA)
rose more than proportionally by 63.8 per cent to 42.8 million euros
(previous year: 26.2 million euros). Based on the earnings before interests
and taxes (EBIT) the increase results to 70.4 per cent to 29.2 million
euros (previous year: 17.1 million euros). Taking into account taxes and
interests, a strongly improved profit for the year of 15.4 million euros
remains (previous year: 9.1 million euros). This represents a gain by 69.2
per cent. The undiluted earnings per share is 0.28 euros (previous year:
0.19 euros).
In total, the group added more than 50 million euros to fixed assets during
the first nine months of the financial year 2013 through the acquisition of
further PV projects. In the context of a capital increase implemented after
the end of the reporting period Capital Stage received gross proceeds of
49.3 million euros, which are available for further investments.
Felix Goedhart, CEO of Capital Stage AG, comments: 'Currently we are
examining numerous interesting projects from our core business segments
solar and wind and expect to be able to expand our business during the next
months again in a significant way.'
Based on the successful course of the business so far, the management board
had recently raised the earnings forecast: For the full year, the company
expects an increase of the EBITDA to more than 48 million euros and of the
EBIT to more than 30 million euros.
About Capital Stage AG:
Since 2009, Capital Stage has acquired solar power plants and wind parks in
Germany and Northern Italy with a capacity totaling to around 200 MWp,
making it Germany's largest operator of solar farms. Its solar and wind
parks generate attractive returns and continuous revenues, while offering a
moderate level of investment risk.
Capital Stage AG is listed in the regulated market (Prime Standard) of the
Frankfurt Stock Exchange an in the regulated market of the Hanseatic Stock
Exchange Hamburg (ISIN: DE0006095003 / WKN: 609500).
For further information about the company, please visit
www.capitalstage.com
For further information:
Thomas Schnorrenberg
Capital Stage AG
Tel.: + 49 (0)40 37 85 62-242
Fax: + 49 (0)40 37 85 62-129
E-Mail: thomas.schnorrenberg(at)capitalstage.com
Sebastian Bucher
Kirchhoff Consult AG
Tel.: + 49 (0)40 60 91 86-18
Fax: + 49 (0)40 60 91 86-60
E-Mail: sebastian.bucher(at)kirchhoff.de
End of Corporate News
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29.11.2013 Dissemination of aCorporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Capital Stage AG
Große Elbstraße 45
22767 Hamburg
Germany
Phone: +49 4037 85 62 -0
Fax: +49 4037 85 62 -129
E-mail: info(at)capitalstage.com
Internet: www.capitalstage.com
ISIN: DE0006095003
WKN: 609500
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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242311 29.11.2013
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Datum: 29.11.2013 - 11:31 Uhr
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News-ID 321230
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