7C Solarparken AG

Favorable cash flow development in 2015; EBITDA rose by 49% to EUR 24.9 million

Business news for the stock market

Bayreuth (pta028/21.04.2016/13:59) - 7C Solarparken AG reports a favorable cash flow development in 2015: EBITDA rose by 49% to EUR 24.9 million, well above the EUR 18-19 million guidance. Cash Flow prognosis for 2016 raised to EUR 0.43/share under base case assumptions.

Bayreuth, 21 April 2016 - 7C Solarparken AG (WKN: A11QW6, ISIN: DE 000A11QW68 / WKN: A14KRM ISIN: DE000A14KRM4; stock exchange: regulated market in Frankfurt/Main (General Standard)) has published EBITDA of EUR 24.9 million in 2015 versus EUR 16.7 million in 2014. Full-time consolidation of the Colexon and Pflugdorf solar assets have been a main driver for growth, in addition to positive weather conditions and operational improvement. Clean EBITDA even increased by 80% from EUR 11.2 million in 2014 to EUR 20.2 million in 2015. The cash flow per share metric, which the company considers as a key financial indicator, rose from EUR 0.26/share in 2014 to EUR 0.41/share in 2015 even in spite of a much higher number of shares. The company guided for EBITDA of EUR 18-19 million, EUR 18.2-18.8 million clean EBITDA and EUR 0.37-0.39 cash flow per share in 2015.

Steven De Proost, CEO of 7C Solarparken AG is very pleased with the annual results: "While our 2015 operating results exceed our guidance in every way, most encouraging news is that we have strengthened our balance sheet and now offer an attractive risk/return profile to our shareholders. The equity ratio improved to 23.5%, net debt/EBITDA is already close to the optimal level of 6.0x and the risks resulting from Colexon's history have been dramatically reduced after we negotiated a settlement on the Waldeck project. Furthermore, we demonstrated that we are able to generate additional value per share amid a context of capital increases."

Outlook for 2016 The company expects to generate EBITDA of at least EUR 23.7 million in 2016 and a cash flow per share of EUR 0.43 (previously: EUR 0.42) under base case assumptions and reflecting (i) unfavorable weather conditions in the first quarter of 2016, (ii) the assumption of no acquisition of existing solar assets and (iii) scheduled outages related to the nearly finished optimization of the Kissing and Wiesenbach solar assets. Nevertheless, the management is confident to capture interesting opportunities during the year. The company's cash flow guidance of EUR 0.50/share by 2017 is reiterated.

Annual Report 2015 The Annual Report 2015 is available on the company's website (www.solarparken.com) under the Investor Relations section as of today at 8.00 pm CET. A conference call for analysts is scheduled on Friday 22.04.2016 at 10.00h CET. The analyst presentation will be simultaneously made available on the website.

7C Solarparken 7C Solarparken AG is a pure solar power plant operator with a portfolio of approx. 85 MWp; most of the installations are located in Germany. The company is listed on the Frankfurt Stock Exchange's Regulated Market (General Standard). For further information:

7C Solarparken AG An der Feuerwache 15 95445 Bayreuth, Germany www.solarparken.com Steven De Proost, CEO [e-mail] Tel. +49 (0) (921) 230557 77



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emitter: 7C Solarparken AG address: An der Feuerwache 15, 95445 Bayreuth country: Germany contact person: Koen Boriau phone: [phone] e-mail: [e-mail] website: www.solarparken.com

ISIN(s): DE000A11QW68 (share), DE000A14KRM4 (share) stock exchanges: regulated market in Frankfurt; free market in Stuttgart, free market in Munich, free market in Dusseldorf; open market in Berlin

[ source: http://www.pressetext.com/news/20160421028 ]