With an extensive investment programme at the end of 2013, Capital Stage AG is continuing its positive business development.
Because of a faster-than-expected expansion of its portfolio, the Hamburg-based operator of solar and wind parks has again surpassed its recently updated forecast and the raised earnings targets for the 2013 financial year (revenues of 55 million, EBITDA 48 million and EBIT 30 million) according to preliminary calculations.
Revenues in 2013 amounted to 57 million, an increase of 26 per cent compared to previous year's figure of 45.1 million.
Earnings before interest, taxes, depreciations and amortisations (EBITDA) rose disproportionately by 48 per cent to around 50 million (previous year: 33.7 million). For the earnings before interest and taxes (EBIT) growth of more than 50 per cent to around 31 million was recorded (previous year: 20.5 million).
Taking into account the financial result, earnings before taxes (EBT) of more than 15 million remain (previous year: 9.5 million).
Felix Goedhart, CEO of Capital Stage AG, said: "The preliminary figures prove that our business model distinguishes itself by an attractive profitability. In addition, with the swift implementation of large proportions of our investment programme by the end of the past year, we have laid the foundations for further growth in revenues and profit in the financial year 2014."
Based on conducted transactions in 2013, which raised the power production capacity portfolio of Capital Stage AG to more than 241 MWp, the company is framing a forecast for the current financial year which will be disclosed in the upcoming weeks.
The announcement of the final audited results for 2013 is expected on 31 March.
