Business news for the stock market
7C Solarparken AG: 7C Solarparken AG publishes the new Business Plan 2015-2017.
Bayreuth
(pta009/08.09.2015/08:00 UTC+2)
Bayreuth, September 8th, 2015 - 7C Solarparken AG today presents its "Capital Appreciation through Consolidation" Plan at its Analyst Day in Bayreuth for 2015-17 which should improve Cash Flow Per Share (CFPS) to EUR 0.50 by 2017. The four pillars behind this development are:
* Sizeable acceleration in capacity from 71 MWp to 105 MWp
* Asset value optimisation of the newly acquired 13.7 MWp portfolio
* More active portfolio management to generate EUR 0.2 Mio in recurring income
* Rationalisation of legal structures
Over the last years, management has demonstrated its capability to seize M&A opportunities, to integrate new portfolios and to create value as reflected by a progressive increase of Cash Flow Per Share. While the objectives outlined within the 2014-16 Plan were principally centered on integrating Colexon, the new Plan is a logical consequence in the build-out of the company. Steven De Proost, CEO of 7C Solarparken AG comments: "It is our absolute priority to move towards 100 MWp while continuing to respect our investing criteria. The 100 MWp mark will ensure our company to gain further momentum in the industry and in the financial community."
Financial targets for 2017
In its presentation totay the company also forecasts new financial parameters for 2017:
*Cash Flow Per Share: EUR 0.50
*Net debt/EBITDA below 6.0x
*Dividend or dividend-equivalent: EUR 0.10 per share
The new plan assumes a total number of shares of 41.6 million versus 33.5 million actually. The increase will principally stem from the 5.2 million share exchange regarding the 13.7 MWp portfolio acquisition and further option conversions (2.2 mio. outstanding options). The management board also sees further potential in the possibility of a private placement or new contribution in kind.
Koen Boriau, CFO of 7C Solarparken AG: "Achievement of our plan will see our net debt/EBITDA falling well below 6.0x by 2017. As a result, our financial leverage will rank among the lowest in our peer group which fuels the potential for further M&A growth or shareholder remuneration beyond 2017."
(end)
Emitter: |
7C Solarparken AG An der Feuerwache 15 95445 Bayreuth Germany |
|
---|---|---|
Contact Person: | Koen Boriau | |
Phone: | +49 921 230557-77 | |
E-Mail: | info@solarparken.com | |
Website: | www.solarparken.com | |
ISIN(s): | DE000A11QW68 (Share) | |
Stock Exchange(s): | Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Munich, Stuttgart |