clearvise AG / DE000A1EWXA4
15.11.2024 - 08:30:11clearvise AG confirms preliminary figures for the first nine months of 2024 and publishes interim report
| clearvise AG / Key word(s): 9 Month figures 15.11.2024 / 08:30 CET/CEST The issuer is solely responsible for the content of this announcement. Press release Frankfurt, 15 November 2024 - clearvise AG (WKN A1EWXA / ISIN DE000A1EWXA4), an independent power producer from renewable energies with a diversified European portfolio of wind and PV plants, today published its interim report for the third quarter of 2024 and confirmed its preliminary figures for the first nine months. The company generated consolidated revenue of EUR 27.5 million, which corresponds to a year-on-year decline of 18.6% (9M 2023: EUR 33.7 million). The reason for the decline in sales is the difficult conditions on the energy market. Nevertheless, clearvise is sticking to its annual forecast for 2024. EBITDA adjusted for non operating effects totalled EUR 18.5 million in the first nine months, down 21.5% on the previous year (9M 2023: EUR 23.6 million), reflecting the decline in sales. Operating cash flow increased to EUR 12.7 million (9M 2023: EUR 9.8 million). The equity ratio is around 42%. Total generation reached 351.2 GWh and was therefore around 13.9% below the previous year's figure (9M 2023: 407.8 GWh), which is mainly due to the sale of the Finnish wind farms in October 2023. By contrast, the PV systems recorded an increase in production of around 17.5% compared to the same period of the previous year. In addition, clearvise confirms the outlook for the current financial year. Under normal weather conditions, electricity production from the existing portfolio is expected to remain at 440 to 460 GWh. The forecast assumes an unchanged portfolio. The volatility of electricity prices remains high, which is why it is difficult to make a reliable price forecast. clearvise is therefore forecasting sales in a range of EUR 35.5 to 37.0 million on the basis of secured prices through PPAs (Power Purchase Agreement) or the respective tariffs less expenses for electricity marketing. Group EBITDA adjusted for special effects is expected to be in the range of EUR 21.8 million to EUR 23.1 million. The Q3 2024 interim report is available on the company's website in the Investor Relations section at clearvise.de. About clearvise clearvise AG is an independent producer of electricity from renewable energies with a diversified European investment portfolio of onshore wind and solar parks. Based on a three-pillar acquisition strategy, the company is focusing on profitably expanding its portfolio and creating added value for all stakeholders with the individual clearSWITCH, clearPARTNERS and clearVALUE models. The shares of clearvise AG (WKN A1EWXA / ISIN DE000A1EWXA4) have been listed on the stock exchange since 2011 and are currently traded on the open market of various German stock exchanges and via XETRA (www.clearvise.com).Die clearvise AG ist ein unabhängiger Stromproduzent aus erneuerbaren Energien mit einem diversifizierten, europäischen Beteiligungsportfolio aus onshore Wind- und Solarparks. Contact
15.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | clearvise AG |
| Eschenheimer Anlage 1 | |
| 60316 Frankfurt / Main | |
| Germany | |
| Phone: | +49 (0) 69 247439232 |
| E-mail: | info@clearvise.com |
| Internet: | www.clearvise.com |
| ISIN: | DE000A1EWXA4 |
| WKN: | A1EWXA |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2030663 |
| End of News | EQS News Service |
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