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clearvise AG successfully continues growth strategy in financial year 2022

EQS-News: clearvise AG / Key word(s): Annual Report clearvise AG successfully continues growth strategy in financial year 2022 12.05.2023 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News

clearvise AG successfully continues growth strategy in financial year 2022

• Consolidated revenue of EUR 64.0 million in 2022 according to final figures 
• Adjusted Group EBITDA 2022 of EUR 50.0 million achieved
• Total production of 493 GWh in 2022 achieved

Wiesbaden, 12 May 2023 - clearvise AG (WKN A1EWXA / ISIN DE000A1EWXA4), an independent power producer from renewable energies with a diversified, European portfolio of wind and PV plants, today publishes its annual report for 2022, confirming the preliminary figures for the past financial year. Thus, clearvise achieved consolidated revenue of EUR 64.0 million in 2022, compared to EUR 32.9 million in the previous year. Therefore, clearvise was able to exceed its last issued revenue forecast of EUR 55 million to EUR 59 million. Alongside the increase in new production capacities, the high electricity prices in 2022 had a positive effect.   

The adjusted Group EBITDA in the financial year 2022 amounted to EUR 50 million (previous year: EUR 22.6 million) and was thus above the EBITDA forecast of EUR 41 million to EUR 45 million. Unadjusted Group EBITDA for the financial year 2022 amounted to EUR 47.9 million (previous year: EUR 21.8 million). Total production in 2022 was increased to 493.3 GWh due to better weather conditions and added production capacities. This corresponds to an increase of 35% compared to the previous year (2021: 366.5 GWh). Furthermore, clearvise AG was able to expand the portfolio in the financial year 2022 by acquiring one wind farm and seven solar farms.

Petra Leue-Bahns, CEO of clearvise AG, comments: “In 2022, we successfully continued our growth strategy and thus laid the foundation for further growth in the coming years. The digitalisation of our processes has also further progressed and increased their overall efficiency. At the beginning of 2023, we were able to secure a cooperation via our innovative clearPARTNERS model for the first time and signed a clearPARTNERS cooperation with two regional French developers as well as acquired a majority share in a ~33 MW ready-to-built ground-mounted solar park in the Nouvelle-Aquitaine region via a joint IPP company. Therefore, proof of concept has been achieved for all 3-C acquisition models.”