DGAP-News: ENCAVIS AG plans to double its own generation capacity by 2025
DGAP-News: ENCAVIS AG
/ Key word(s): Strategic Company Decision/Forecast
Corporate News Strategic outlook of the growth strategy: ">> Fast Forward 2025" Project pipeline of at least 2.0 gigawatts (GW) secured Cost reductions and efficiency enhancements secure operating EBITDA margin Financing of growth through favourable debt capital while maintaining the
1. investments in wind and solar parks in ready-to-build status as well as 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 investments 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 megatrend climate and environmental protection has become one of the greatest challenges of our time. No other topic is discussed so intensively and controversially worldwide. The share of electricity from renewable sources in Germany is now around 40% and the EU Commission, under its new president, is adopting a "Green Deal" which aims to make Europe the first climate-neutral continent by 2050. "The business model of ENCAVIS is thus fully in line with the development of a new, environmentally friendly way of generating energy - and on an international level. But ENCAVIS is not only environmentally friendly, ENCAVIS is also economically very successful and with our growth strategy ">> Fast Forward 2025" optimally positioned for the coming challenges", Dr. Dierk Paskert, CEO of Encavis AG, explained the strategic outlook of the group. "The corresponding weighted growth rates (CAGR) for the next six years until 2025 document the ambitious strategic measures of the Encavis Group", Dr. Christoph Husmann, CFO of Encavis AG, underlined the outstanding growth opportunities: capacity growth of 12% CAGR sales growth (wa) of 9% CAGR earnings growth of the operating EBITDA (wa) of 8% CAGR growth of the operating earnings per share (wa) of 10% CAGR This base case of the ENCAVIS growth strategy ">> Fast Forward 2025" does not yet take into account any further growth opportunities that may arise from inorganic growth through M&A transactions and potential equity transactions. Nor have the opportunities that may arise from profitable business models in connection with battery storage capacities in wind and solar parks in the future been taken into account. A possible expansion into regions outside Europe opens up further growth potential. About ENCAVIS: More information about the company can be found at www.encavis.com Contact: Encavis AGJörg 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
08.01.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | 948749 |
End of News | DGAP News Service |
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948749 08.01.2020
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%.