Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Encavis AG    CAP   DE0006095003

ENCAVIS AG

(CAP)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Encavis : again raises dividend proposal and confirms preliminary operating results for the 2018 financial year

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/22/2019 | 02:20am EDT

DGAP-News: ENCAVIS AG / Key word(s): Annual Results/Dividend
Encavis AG again raises dividend proposal and confirms preliminary operating results for the 2018 financial year

22.03.2019 / 08:14
The issuer is solely responsible for the content of this announcement.


Encavis AG again raises dividend proposal and confirms preliminary operating results for the 2018 financial year

Hamburg, 22 March 2019 - SDAX-listed Hamburg-based solar and wind park operator Encavis AG has confirmed the preliminary financial figures for the 2018 financial year published on 18 March 2019. A dividend of EUR 0.24 (2017: EUR 0.22) will be proposed to the shareholders. This is the seventh time in a row that Encavis has increased its dividend. The Management Board expects the company's profitable growth to continue in the current financial year 2019.

"Encavis AG was able to achieve an excellent result in the past financial year. We are therefore happy to again propose an increased dividend of EUR 0.24 (2017: EUR 0.22) per no par value share with dividend rights to the Annual General Meeting for the past financial year 2018," says Dr Husmann, CFO of Encavis AG. The dividend will again be offered as a scrip dividend that leaves it to the shareholders whether to receive the dividend in shares or in cash. "By increasing the dividend to EUR 0.24, we remain well on track with our strategy to raise our dividend by 50 percent to a nominal EUR 0.30 by the year 2021 compared to the reference year 2016," Husmann added.

On the basis of the company's secured solar and wind park portfolio as of mid-March 2019 and based on the assumption of average meteorological conditions, the Management Board expects the company's profitable growth to continue in the 2019 financial year. The Board therefore projects sales revenues in excess of EUR 255 million, with EBITDA and EBIT expected to rise to over EUR 190 million and EUR 112 million, respectively. Operating cash flow is expected to come in at over EUR 180 million. Earnings per share are estimated to reach EUR 0.35 in the 2019 financial year.

About the Encavis Group:

Encavis AG is one of the leading independent power producers (IPPs) in the field of renewable energy in Europe. The company acquires and operates solar power plants and (onshore) wind farms in Germany and in nine other European countries. The total generation capacity of the Encavis Group including solar and wind parks being under construction currently sums up to over 1.9 gigawatts (GW). With its wind farms and solar parks, the company generates attractive financial returns, as well as very stable income irrespective of economic conditions.

Encavis AG also provides institutional investors with the benefit of its many years of experience and market knowledge in the field of renewable energies. Within the Encavis Group, Encavis Asset Management AG specializes in the field of institutional investors. Encavis Technical Services GmbH is also the Encavis Group's service unit for the technical management of solar parks.

Encavis AG is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange and on the regulated market of the Hamburg Stock Exchange (ISIN: DE0006095003 / WKN: 609500) and the SDAX of the German Stock Exchange.

You can find more information on the company at www.encavis.com.

Contact:
Encavis AG
Till Gießmann
Head of Investor & Public Relations
------------------------------------------------------------
Große Elbstraße 59
22767 Hamburg

Fon: + 49 40 37 85 62-242
Fax: + 49 40 37 85 62-129
e-mail: till.giessmann@encavis.com
http://www.encavis.com
Twitter: https://twitter.com/encavis


22.03.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: ENCAVIS AG
Große Elbstraße 59
22767 Hamburg
Germany
Phone: +49 4037 85 62 -0
Fax: +49 4037 85 62 -129
E-mail: info@encavis.com
Internet: www.encavis.com
ISIN: DE0006095003
WKN: 609500
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

790573  22.03.2019 

fncls.ssp?fn=show_t_gif&application_id=790573&application_name=news&site_id=zonebourse

© EQS 2019
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ENCAVIS AG
06/27CORRECTION OF A RELEASE FROM 25/06/2 : 01 CET/CEST - ENCAVIS AG: Release accordi..
EQ
06/25ENCAVIS AG : Release according to Article 41 of the WpHG [the German Securities ..
EQ
06/17ENCAVIS AG : Majority of shareholders (54.4%) prefer new Encavis shares to cash ..
EQ
05/28ENCAVIS : releases cash reserves through sale of minority interests in wind park..
EQ
05/28ENCAVIS AG : Encavis Group releases cash reserves through sale of minority inter..
EQ
05/28ENCAVIS : starts 2019 with excellent results
EQ
05/27ENCAVIS AG : Preliminary announcement of the publication of quarterly reports an..
EQ
05/23ENCAVIS AG : Notification and public disclosure of transactions by persons
EQ
05/15AGM OF ENCAVIS AG APPROVES CASH DIVI : 1 and elects Dr. Marcus Schenck to the Su..
EQ
03/22ENCAVIS : again raises dividend proposal and confirms preliminary operating resu..
EQ
More news
Financials (EUR)
Sales 2019 254 M
EBIT 2019 126 M
Net income 2019 42,8 M
Debt 2019 1 397 M
Yield 2019 3,61%
P/E ratio 2019 33,3x
P/E ratio 2020 37,7x
EV / Sales2019 9,25x
EV / Sales2020 8,48x
Capitalization 951 M
Chart ENCAVIS AG
Duration : Period :
Encavis AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ENCAVIS AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Average target price 8,07  €
Last Close Price 7,25  €
Spread / Highest target 21,4%
Spread / Average Target 11,3%
Spread / Lowest Target -8,97%
EPS Revisions
Managers
NameTitle
Dierk Paskert Chief Executive Officer
Manfred Krüper Chairman-Supervisory Board
Holger Götze Chief Operating Officer
Christoph Husmann Chief Financial Officer
Alexander Stuhlmann Deputy Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
ENCAVIS AG32.00%1 066
BROOKFIELD RENEWABLE PARTNERS LP32.79%11 292
EDP RENOVÁVEIS SA17.43%8 889
NORTHLAND POWER INC.16.68%3 548
ZHEJIANG WEIMING ENVIRNMNT PRTCTN CO LTD24.42%2 923
NEXTERA ENERGY PARTNERS LP15.08%2 818