7C Solarparken AG

7C Solarparken AG increases full-year 2018 Guidance and presents its Plan 2018-20

Business news for the stock market

Bayreuth (pta006/28.11.2018/08:30) - During the first nine-months of 2018, 7C Solarparken (WKN: A11QW6 / ISIN: DE000A11QW68) has accelerated its profitable growth thanks to a steep increase in capacity (+28%) and record irradiation across Germany. Power production rose by 38% to 127 GWh and drove EBITDA up from EUR 26.9 Mio. in last year's comparable period to EUR 31.7 Mio. in the first nine-months of 2018. Since the group also benefited from one-time EBITDA gains of EUR 1.9 Mio, its full-year EBITDA guidance of "at least EUR 31 Mio." has been clearly reached and is now raised to EUR 33 Mio. Net debt at the end of September 2018 remained stable at EUR 163.6 Mio. versus end of June 2018.

Plan 2018-20 headlines
* Reaching Tier-two status remains main objective as to benefit from lower cost of capital and improved valuation
* Investment plan of over EUR 100 Mio. should lift IPP portfolio to 220 MWp by 2020: The additions on existing 153 MWp capacity will be originated through a mix of new-build development and acquisition of operating parks in Germany, alongside small M&A and selective international opportunities. Management estimates that, upon full execution of the plan at the end of 2020, its full-year EBITDA will rise to over EUR 41 Mio. and cash flow per share to EUR 0.57. The equity financing of the investment plan should stem from available liquidity (EUR 19 Mio. including the recently completed cash capital increase with issue proceeds of about EUR 5 Mio.) and one or more additional capital increase(s) (EUR 16 Mio.) during 2019-20.
* 500 MWp ambition by 2025 including asset & fund management for third-party investors
* A stable, preferably rising, dividend of at least EUR 0.10/share during 2018-20

Analyst & Investor Meeting
7C Solarparken AG will hold its analyst & investor meeting at the German Equity Forum in Frankfurt/Main on November 28, 2018 at 14:00h. The trading update and the slideshow will already be available on the website www.solarparken.com before 08.30h CET.

9-months figures 2018
The report of the 9-month figures 2018 is available immediately for download under www.solarparken.de/en/publikationen.php.

Contact:
7C Solarparken AG
Koen Boriau
CFO
An der Feuerwache 15
95445 Bayreuth
Deutschland
FON: [phone]
FAX: [phone]
EMAIL: [e-mail]
www.solarparken.com

7C Solarparken
7C Solarparken AG is a pure-play PV owner/operator with an IPP portfolio of around 153 MWp. Most installations are located in Germany. The company's shares are listed on the regulated market in Frankfurt in the General Standard segment.

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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)
stock exchanges: regulated market in Frankfurt; free market in Stuttgart, free market in Munich, free market in Dusseldorf; open market in Berlin, Tradegate

[ source: http://www.pressetext.com/news/20181128006 ]