CHORUS Clean Energy Aktie
WKN DE: A12UL5 / ISIN: DE000A12UL56
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31.03.2016 07:36:21
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DGAP-News: CHORUS Clean Energy AG
DGAP-News: CHORUS Clean Energy AG continues profitable growth in fiscal year 2015
- Operating result EBITDA rises 5.3 percent to EUR 45.7 million
- Successful growth strategy to continue
- Dividend proposal of EUR 0.18 per share
- Positive outlook for 2016
Neubiberg/Munich, March 31, 2016 - CHORUS Clean Energy AG ("CHORUS") based in Neubiberg near Munich, a company specializing in the operation of solar and wind parks, generated revenues of EUR 58.6 million in the fiscal year 2015 (2014*: EUR 55.0 million). The largest share of revenue is attributable to the electricity generated by the 63 solar and wind parks owned by CHORUS, which contributed EUR 55.2 million or 94.2 percent. With the young but dynamically growing Asset Management business line the company generated revenues of EUR 3.4 million. The range of services offered by this business line contains comprehensive offers for institutional investors.
During the reporting period 2015, CHORUS achieved the following results**: Operative earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 45.7 million after EUR 43.4 million in the previous year. The EBITDA margin remained very stable at 78.0 percent (2014: 79.0 percent). The net result rose from EUR 4.9 million in 2014 to EUR 11.0 million.
The management board of CHORUS Clean Energy AG is very pleased with the company's performance in 2015 and sees its growth strategy confirmed: "Since our IPO on October 7, 2015, we have managed to gain additional institutional customers and finalize strategic acquisitions of new wind parks with a total capacity of more than 30 megawatts. For 2016, we plan to continue investing the proceeds from the IPO in a sustainable, value-enhancing manner," says CEO Holger Götze.
During the reporting period, the solar and wind parks managed by CHORUS generated a total of 392.5 million kWh (2014: 257.7 kWh) of clean energy. In terms of capacity, about 70 percent of the broadly diversified portfolio is located in Germany while the other 30 percent consists of parks in France, Italy, Austria and Finland.
In view of the positive operative performance, the management board and supervisory board of CHORUS Clean Energy AG will propose a dividend of EUR 0.18 per share at the Annual General Meeting for 2015. This corresponds to a dividend yield of roughly 2.2 percent using the XETRA closing price from February 29, 2016. The company intends to increase dividends in the future and distribute over 50 percent of its net profit to shareholders. In the current fiscal year, the available funds will mainly be used to further expand the company's portfolio of solar and wind parks.
As of the reporting date December 31, 2015, equity amounted to EUR 230.3 million (December 31, 2014: EUR 123.1 million). The significant increase of 86.0 percent is attributable to the capital increase from the IPO in October 2015 and the positive income for the year. In relation to total assets, this results in a much higher equity ratio of 37.8 percent (December 31, 2014: 24.3 percent).
Positive Outlook for 2016
In the current year, CHORUS wants to further enhance its position as a comprehensive asset management service provider for institutional investors and expand its portfolio of solar and wind parks by additional acquisitions from the well-filled project pipeline.
The management board expects a further increase in revenue for the fiscal year 2016 based on its current portfolio. A more concrete outlook for 2016 should be possible once the projects currently in final negotiations are integrated over the course of the first half year.
The 2015 annual report is available for download on the company's website at http://www.chorus.de/en/investor-relations/publications/.
* Previous year figures are based on the pro-forma financial information for the fiscal year 2014. ** Earning key figures are adjusted for one-off expenses related to the IPO.
About CHORUS CHORUS Group was founded in 1998 and operates 72 solar and wind parks with a capacity of more than 300 megawatts in five European countries. With a broadly diversified portfolio, the company generates stable, predictable and sustainable returns. For professional investors, CHORUS offers investment opportunities in renewable energy plants. CHORUS Clean Energy AG covers the entire investment cycle - from the sourcing of assets through financial and legal due diligence to monitoring and divestiture.
Contact: Stephan Castenholz (Investor Relations) CHORUS Clean Energy AG Tel.: +49 (0) 89 / 442 30 60 - 0 Fax: +49 (0) 89 / 442 30 60 - 11 E-mail: IR@chorus.de
Rebecca Jarschel (Corporate Communications) CHORUS Clean Energy AG Tel.: +49 (0) 89 / 442 30 60 - 0 Fax: +49 (0) 89 / 442 30 60 - 11 E-mail: kommunikation@chorus.de
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31.03.2016 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. Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English Company: CHORUS Clean Energy AG Prof.-Messerschmitt-Straße 3 85579 Neubiberg / Munich Germany Phone: +49 (0)89 442 30 60 - 0 Fax: +49 (0)89 442 30 60 - 11 E-mail: info@chorus.de Internet: www.chorus-gruppe.de ISIN: DE000A12UL56 WKN: A12UL5 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------
449937 31.03.2016
DGAP-News: CHORUS Clean Energy AG / Key word(s): Final Results
CHORUS Clean Energy AG continues profitable growth in fiscal year 2015
31.03.2016 / 07:36
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
CHORUS Clean Energy AG continues profitable growth in fiscal year 2015
- Group revenue increases by 6.5 percent to EUR 58.6 million
- Operating result EBITDA rises 5.3 percent to EUR 45.7 million
- Successful growth strategy to continue
- Dividend proposal of EUR 0.18 per share
- Positive outlook for 2016
Neubiberg/Munich, March 31, 2016 - CHORUS Clean Energy AG ("CHORUS") based in Neubiberg near Munich, a company specializing in the operation of solar and wind parks, generated revenues of EUR 58.6 million in the fiscal year 2015 (2014*: EUR 55.0 million). The largest share of revenue is attributable to the electricity generated by the 63 solar and wind parks owned by CHORUS, which contributed EUR 55.2 million or 94.2 percent. With the young but dynamically growing Asset Management business line the company generated revenues of EUR 3.4 million. The range of services offered by this business line contains comprehensive offers for institutional investors.
During the reporting period 2015, CHORUS achieved the following results**: Operative earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 45.7 million after EUR 43.4 million in the previous year. The EBITDA margin remained very stable at 78.0 percent (2014: 79.0 percent). The net result rose from EUR 4.9 million in 2014 to EUR 11.0 million.
The management board of CHORUS Clean Energy AG is very pleased with the company's performance in 2015 and sees its growth strategy confirmed: "Since our IPO on October 7, 2015, we have managed to gain additional institutional customers and finalize strategic acquisitions of new wind parks with a total capacity of more than 30 megawatts. For 2016, we plan to continue investing the proceeds from the IPO in a sustainable, value-enhancing manner," says CEO Holger Götze.
During the reporting period, the solar and wind parks managed by CHORUS generated a total of 392.5 million kWh (2014: 257.7 kWh) of clean energy. In terms of capacity, about 70 percent of the broadly diversified portfolio is located in Germany while the other 30 percent consists of parks in France, Italy, Austria and Finland.
In view of the positive operative performance, the management board and supervisory board of CHORUS Clean Energy AG will propose a dividend of EUR 0.18 per share at the Annual General Meeting for 2015. This corresponds to a dividend yield of roughly 2.2 percent using the XETRA closing price from February 29, 2016. The company intends to increase dividends in the future and distribute over 50 percent of its net profit to shareholders. In the current fiscal year, the available funds will mainly be used to further expand the company's portfolio of solar and wind parks.
As of the reporting date December 31, 2015, equity amounted to EUR 230.3 million (December 31, 2014: EUR 123.1 million). The significant increase of 86.0 percent is attributable to the capital increase from the IPO in October 2015 and the positive income for the year. In relation to total assets, this results in a much higher equity ratio of 37.8 percent (December 31, 2014: 24.3 percent).
Positive Outlook for 2016
In the current year, CHORUS wants to further enhance its position as a comprehensive asset management service provider for institutional investors and expand its portfolio of solar and wind parks by additional acquisitions from the well-filled project pipeline.
The management board expects a further increase in revenue for the fiscal year 2016 based on its current portfolio. A more concrete outlook for 2016 should be possible once the projects currently in final negotiations are integrated over the course of the first half year.
The 2015 annual report is available for download on the company's website at http://www.chorus.de/en/investor-relations/publications/.
* Previous year figures are based on the pro-forma financial information for the fiscal year 2014. ** Earning key figures are adjusted for one-off expenses related to the IPO.
About CHORUS CHORUS Group was founded in 1998 and operates 72 solar and wind parks with a capacity of more than 300 megawatts in five European countries. With a broadly diversified portfolio, the company generates stable, predictable and sustainable returns. For professional investors, CHORUS offers investment opportunities in renewable energy plants. CHORUS Clean Energy AG covers the entire investment cycle - from the sourcing of assets through financial and legal due diligence to monitoring and divestiture.
Contact: Stephan Castenholz (Investor Relations) CHORUS Clean Energy AG Tel.: +49 (0) 89 / 442 30 60 - 0 Fax: +49 (0) 89 / 442 30 60 - 11 E-mail: IR@chorus.de
Rebecca Jarschel (Corporate Communications) CHORUS Clean Energy AG Tel.: +49 (0) 89 / 442 30 60 - 0 Fax: +49 (0) 89 / 442 30 60 - 11 E-mail: kommunikation@chorus.de
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31.03.2016 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. Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English Company: CHORUS Clean Energy AG Prof.-Messerschmitt-Straße 3 85579 Neubiberg / Munich Germany Phone: +49 (0)89 442 30 60 - 0 Fax: +49 (0)89 442 30 60 - 11 E-mail: info@chorus.de Internet: www.chorus-gruppe.de ISIN: DE000A12UL56 WKN: A12UL5 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------
449937 31.03.2016
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