DGAP-Adhoc: ENCAVIS AG discloses strategic growth plan until 2025
DGAP-Ad-hoc: ENCAVIS AG / Key word(s): Strategic Company Decision/Forecast Ad-hoc release: Hamburg, January 08, 2020 - The Management Board of SDAX-listed Encavis AG (ISIN: DE0006095003, Prime Standard) has set a strategic growth plan for the next six years based on detailed plans and internal action plans as well as detailed market analyses. This strategic outlook up to the end of 2025 is based on a growth campaign and action plans to further increase efficiency: 1. investments in wind and solar parks in "ready-to-build" status and securing projects already in earlier phases of development in coordination with the current five strategic development partners while maintaining a long-term equity ratio of the Group of >24 %. Thereby no capital measure has been assumed. 2. sale of minority interests in wind parks and individually selected solar parks of up to 49% to generate liquidity for investment in further wind and solar parks 3. reduction and optimization of the operating costs in operation and maintenance of solar parks 4. optimisation/refinancing of SPV project financing 5. introduction of group-wide cash pooling including all individual companies The ENCAVIS Group's growth strategy ">> Fast Forward 2025" focuses on the following target figures for 2025, based on the forecast annual figures for 2019e: About ENCAVIS: More information about the company can be found at www.encavis.com Jörg Peters Head of Investor Relations & Public Relations ------------------------------------------------------------ Große Elbstraße 59 22767 Hamburg Fon: + 49 40 37 85 62-242 Fax: + 49 40 37 85 62-129 e-mail: [email protected] http://www.encavis.com Twitter: https://twitter.com/encavis
08-Jan-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
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: | [email protected] |
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 |
EQS News ID: | 948745 |
End of Announcement | DGAP News Service |
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948745 08-Jan-2020 CET/CEST
Encavis AG Stock
Currently there is a rather positive sentiment for Encavis AG with 3 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 15 € is below the current price of 17.02 € for Encavis AG, so the potential is actually -11.87%.