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    ECV   DE0006095003

ENCAVIS AG

(ECV)
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PRESS RELEASE: ENCAVIS AG 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 
2021-05-12 / 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 CO[2] 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 
=---------------------------------------------------------------------------------------------------------------------- 
2021-05-12 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 2021-05-12

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1195842&application_name=news 
 

(END) Dow Jones Newswires

May 12, 2021 04:59 ET (08:59 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE BÖRSE AG 2.75% 144.05 Delayed Quote.0.68%
DJ INDUSTRIAL -0.39% 33890.67 Delayed Quote.12.07%
ENCAVIS AG -4.54% 15.15 Delayed Quote.-25.67%
MDAX -0.03% 34222.69 Delayed Quote.11.16%
SDAX -0.24% 16170.35 Delayed Quote.9.78%
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More news
Financials
Sales 2021 325 M 389 M 389 M
Net income 2021 40,6 M 48,7 M 48,7 M
Net Debt 2021 1 489 M 1 784 M 1 784 M
P/E ratio 2021 53,0x
Yield 2021 1,88%
Capitalization 2 197 M 2 662 M 2 633 M
EV / Sales 2021 11,3x
EV / Sales 2022 11,0x
Nbr of Employees 142
Free-Float 68,0%
Chart ENCAVIS AG
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Encavis AG Technical Analysis Chart | MarketScreener
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Technical analysis trends ENCAVIS AG
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 17,84 €
Last Close Price 15,87 €
Spread / Highest target 44,9%
Spread / Average Target 12,4%
Spread / Lowest Target -18,1%
EPS Revisions
Managers and Directors
NameTitle
Dierk Paskert Chief Executive Officer
Christoph Husmann Chief Financial Officer
Manfred KrŘper Chairman-Supervisory Board
Mario Schirru Chief Operating Officer
Quirin Frans-Henrich Busse Investment Director
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