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    ECV   DE0006095003

ENCAVIS AG

(ECV)
  Report
Delayed Quote. Delayed Xetra - 06/11 11:35:21 am
14.84 EUR   +0.41%
06/10ENCAVIS AG  : Notification and public disclosure of transactions by persons
EQ
06/10DGAP-DD  : ENCAVIS AG english
DJ
06/09ENCAVIS  : Unit Buys 43.2-MW Wind Farm In Germany
MT
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ENCAVIS : grows their wind segment in Northern Europe

05/12/2021 | 05:00am EDT

DGAP-News: ENCAVIS AG / Key word(s): Acquisition/Investment
ENCAVIS AG grows their wind segment in Northern Europe

12.05.2021 / 10:58
The issuer is solely responsible for the content of this announcement.



Corporate News

Encavis AG grows their wind segment in Northern Europe


Hamburg, May 12, 2021 - The MDAX-listed wind and solar park operator Encavis AG (Prime Standard, ISIN: DE0006095003, ticker symbol: ECV) confirms its growth path also in 2021. The acquisition of the wind farm Paltusmäki, already connected to the grid, enlarges Encavis' own generation capacities in the wind segment by 21.5 megawatts (MW). In parallel it adds with Finland also another interesting growth market for bilateral energy contracts to the already broadly diversified portfolio of countries.

The Paltusmäki wind farm composed of five wind turbines is located near the coast of the Baltic Sea in the Northern Finnish region of North Ostrobothnia. Four of the five wind turbines have already been connected to the grid in December 2020 and the fifth turbine followed in February of this year. The five identical Enercon wind turbines with a hub height of 132 metres are Lagerwey L 147 turbines. Due to state-of-the-art permanent magnet technology these wind turbines no longer rely on a gearbox, reducing their susceptibility to faults to a minimum. This turbine platform was named "turbine of the year 2020" by the trade journal "Windpower Monthly". Encavis calculates that the Paltusmäki wind farm will produce 12.24 GWh of electricity per turbine per year which results in an expected annual output of around 61 GWh of green electricity.

"The purchase of this state-of-the-art wind farm underlines our growth ambitions in the wind segment in Northern Europe and from the point of risk structure complements very well our strong solar portfolio," welcomed Dr Dierk Paskert, CEO of Encavis AG, the acquisition. "To realise our growth targets, we have a project pipeline at our disposal with a total generation capacity of more than 3 gigawatts (GW) that we have secured with the help of our strategic development partners (SDP). These parks will be developed by our SDPs on-schedule and we expect some of them ready-to-build until year-end", explained Dr Paskert further growth perspectives of the Group.


About ENCAVIS:
Encavis AG (Prime Standard; ISIN: DE0006095003 / WKN: 609500) is a producer of electricity from renewable energies listed on the SDAX of Deutsche Börse AG. As one of the leading independent power producers (IPP), ENCAVIS acquires and operates solar parks and (onshore) wind farms in ten European countries. The plants for sustainable energy production generate stable yields through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPA). The Encavis Group's total generation capacity is currently around 2.8 gigawatts (GW), corresponding to a CO2 avoidance of 1.26 million tonnes p.a. in total. Within the Encavis Group, Encavis Asset Management AG offers fund services to institutional investors.

ENCAVIS is a signatory of the UN Global Compact as well as of the UN PRI network. Encavis AG's environmental, social and governance performance has been awarded by two of the world's leading ESG rating agencies. MSCI ESG Ratings awarded the corporate ESG performance with "AA" and ISS ESG with their "Prime" label.

Additional information can be found on www.encavis.com


Contact:
Encavis AG

Jörg Peters
Head of Corporate Communications & IR
Tel.: + 49 40 37 85 62 242
E-Mail: joerg.peters@encavis.com

http://www.encavis.com
Twitter: https://twitter.com/encavis


12.05.2021 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: https://www.encavis.com
ISIN: DE0006095003
WKN: 609500
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1195842

 
End of News DGAP News Service

1195842  12.05.2021 

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© EQS 2021
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Financials
Sales 2021 325 M 393 M 393 M
Net income 2021 40,6 M 49,2 M 49,2 M
Net Debt 2021 1 489 M 1 803 M 1 803 M
P/E ratio 2021 49,6x
Yield 2021 2,01%
Capitalization 2 054 M 2 485 M 2 487 M
EV / Sales 2021 10,9x
EV / Sales 2022 10,6x
Nbr of Employees 142
Free-Float 68,0%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 17,84 €
Last Close Price 14,84 €
Spread / Highest target 55,0%
Spread / Average Target 20,2%
Spread / Lowest Target -12,4%
EPS Revisions
Managers and Directors
NameTitle
Dierk Paskert Chief Executive Officer
Christoph Husmann Chief Financial Officer
Manfred Krüper Chairman-Supervisory Board
Mario Schirru Chief Operating Officer
Quirin Frans-Henrich Busse Investment Director
Sector and Competitors