clearvise AG publishes half-year financial report 2024 and confirms outlook

EQS-News: clearvise AG / Key word(s): Half Year Results/Half Year Report clearvise AG publishes half-year financial report 2024 and confirms outlook 13.08.2024 / 08:33 CET/CEST The issuer is solely responsible for the content of this announcement. clearvise AG publishes half-year financial report 2024 and confirms outlook

• Group revenue reaches EUR 18.9 million in the first half of 2024
• Adjusted EBITDA amounts to EUR 12.4 million
• Total production amounted to 234.4 GWh; share of PV production increases significantly
• Outlook for the current financial year 2024 confirmed

Frankfurt, 13 August 2024 – clearvise AG (WKN A1EWXA / ISIN DE000A1EWXA4), an independent power producer for renewable energies with a diversified European portfolio of wind and PV plants, published its half-year figures today. The Group generated revenue in line with expectations of EUR 18.9 million in the first six months of the 2024 financial year (6M 2023: EUR 23.4 million). This corresponds to a decrease of 19%. This is mainly due to the sale of the Finnish wind parks at the end of 2023 and lower market values as a result of the normalization of electricity prices in Germany. At 234.4 GWh, production was 15% lower than in the same period of the previous year (6M 2023: 276.7 GWh). In the PV segment, however, clearvise was able to increase production by 14% compared to the same period of the previous year. The PV share of total production rose to 32% (6M 2023: 24%). This brings clearvise closer to its target of equal production from onshore wind and PV.

Adjusted EBITDA amounted to EUR 12.4 million in the reporting period and was therefore 21% below the previous year's figure, as expected. The decline is due in particular to the lower revenue. Operating cash flow amounted to EUR 14.6 million in the first half of the year (6M 2023: EUR 8.1 million). The equity ratio is around 42% and provides a stable basis for the company's future growth.

Manuel Sieth, CFO of clearvise AG, comments: "In the first half of 2024, the focus was on optimizing the portfolio. To this end, we sold the biogas segment and focused on the onshore wind and photovoltaics segments. We also successfully entered the Italian market by acquiring the project rights for three solar parks in Sardinia and Lazio with a combined capacity of more than 30 MWp. Despite the difficult market conditions with lower electricity prices and market values, we believe we are excellently positioned for further profitable growth and are committed towards our goals."