Bayreuth (pta011/25.11.2021/08:00) - * Guidance for 2021 slightly raised on the back of high power prices
* Objective to grow IPP Portfolio to 525 MWp in 2024 versus 338 MWp at present
* High Equity Ratio of 39% allows a re-leverage of the balance sheet and will drive CFPS structurally to EUR 0.60
BAYREUTH, Nov. 25, 2021 / Today, 7C Solarparken (WKN: A11QW6 / ISIN: DE000A11QW68) will be hosting its Analyst Day in a virtual format. During the event, the management board will provide an update on the corporate plan 2021-24, including the impact of market growth and rising power prices.
Steven De Proost, CEO of 7C Solarparken, comments: "2021 has been a year of significant achievement for us in spite of bad weather conditions. We have grown the IPP portfolio from 256 MWp to 338 MWp throughout the year, well above the initial target of 295 MWp. The accelerated execution of growth and the solid equity ratio (39% at the end of Q3'21) have limited the weather-driven setback in CFPS. We are therefore pleased to announce a small increase in this year's guidance but above all, continuation of our growth and cash flow story will further deliver long term value to our shareholders. Our new mid-term targets are clear: 525 MWp IPP (excluding Asset Management) and EUR 0.60 CFPS."
The slideshow will be available at the company website under the section "Investor Relations".(end)
|emitter:||7C Solarparken AG|
An der Feuerwache 15
|contact person:||Koen Boriau|
|phone:||+49 921 230557-77|
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