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.
(end)
Emitter: |
7C Solarparken AG An der Feuerwache 15 95445 Bayreuth Germany |
![]() |
---|---|---|
Contact Person: | Koen Boriau | |
Phone: | +49 921 230557-77 | |
E-Mail: | info@solarparken.com | |
Website: | www.solarparken.com | |
ISIN(s): | DE000A11QW68 (Share) | |
Stock Exchange(s): | Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate | |
Other Stock Exchanges: | London |