DGAP-Adhoc

Capital Stage AG: Confirmation of preliminary results for the financial year 2014 / Tax-free dividend raised by 50 per cent / Earnings growth to continue in 2015

Capital Stage AG / Key word(s): Final Results/Dividend

31.03.2015 18:19

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- Confirmation of preliminary results for the financial year 2014
- Tax-free dividend raised by 50 per cent to EUR 0.15 per share
- Earnings growth to continue in 2015

Hamburg, March 31, 2015 - Capital Stage, the Hamburg-based, SDAX-listed
operator of solar- and wind-parks, confirmed the preliminary figures for
2014 announced on 9 March 2015, when it published its audited annual
financial statements and its consolidated financial statements today.

For the financial year 2014 Capital Stage will pay a tax-free dividend of
EUR 0.15 per voting share. This represents a year-on-year increase of 50
per cent (2013: EUR 0.10). Shareholders are again to be offered the
dividend as an optional dividend, which is tax free in accordance with
Section 27 paragraph 1 Corporation Tax Act.

Based on the company's positive operating and cash flow performance in
2014, the Supervisory Board approved a corresponding proposal from the
Management Board at the Supervisory Board meeting held today to apporve the
financial statements. The decision is furthermore subject to approval by
the Annual General Meeting.

On the basis of its current portfolio Capital Stage assumes that earnings
growth will continue in the 2015 financial year. The company is projecting
revenue growth of around 35 per cent to over EUR 105 million (2014: EUR
77.8 million). Operating earnings before interest, taxes, depreciation and
amortization (operating EBITDA) should increase to more than EUR 73.3
million (2014: EUR 54.5 million). Forecasted operating earnings before
interest and taxes (operating EBIT) should go up by almost 30 per cent to
EUR 43.2 million (2014: EUR 33.7 million). These forecasts for operating
earnings do not include any IFRS-induced valuation effects.

Capital Stage's earnings forecast is based on the existing portfolio as of
31 March 2015. The company currently has investment capital of some EUR 100
million available for further transactions. Including the usual leverage at
project level this represents a total investment volume of about EUR 400
million.

Capital Stage AG will publish its audited annual financial statements and
consolidated financial statements for the financial year 2014 today. They
can be obtained from the company's website, www.capitalstage.com.

About Capital Stage AG:
Since 2009, Capital Stage has acquired solar power plants and wind parks in
Germany, France, Italy and the UK with a capacity of more than 440 MWp,
making it Germany's largest operator of solar parks. 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 and in the regulated market of the Hanseatic Stock
Exchange Hamburg (ISIN: DE0006095003 / WKN: 609500). The shares of Capital
Stage AG have been listed in the Deutsche Börse selective index SDAX since
March 2014.

For more information, visit www.capitalstage.com

Contact:
Capital Stage AG
Till Gießmann
Head of Investor & Public Relations
Phone: + 49 (0)40 37 85 62-242
Fax: + 49 (0)40 37 85 62-129
Email: [e-mail]


31.03.2015 The DGAP 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: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.capitalstage.com
ISIN: DE0006095003
WKN: 609500
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg;
Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart

End of Announcement DGAP News-Service

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