Bayreuth (pta/29.11.2022/17:35 UTC+1)
Bayreuth-based solar park operator 7C Solarparken AG ((WKN: A11QW6 / ISIN: DE000A11QW68) announced nine-months results, largely above last year. EBITDA rose by 59% to EUR 66.8 Mio on the back of (i) better weather conditions, (ii) substantial capacity growth and (iii) elevated electricity prices. Amid a hot debate on electricity price caps across Europe, management has assumed a EUR 3.3 Mio provision to cover a retroactive cap as from 1st September, 2022. The group increased power production by 31% to 309 GWh backed by an increase of weighted capacity of 21% to 340 MWp and a 10% rise in specific yield to 909 kWh/kWp.
Likewise, management has raised EBITDA and CFPS guidance for the full-year to EUR 70 Mio and EUR 0.70/share, versus EUR 61.8 Mio and EUR 0.67/share respectively.
7C Solarparken AG
An der Feuerwache 15
|Contact Person:||Koen Boriau|
|Phone:||+49 921 230557-77|
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|Other Stock Exchanges:||London|