7C Solarparken AG: Approx. 19% increase in power production and revenues in 2016, EBITDA will substantially exceed guidance

Bayreuth (pta018/23.02.2017/09:32 UTC+1) Bayreuth, 23 February 2017 - 7C Solarparken AG (WKN: A11QW6, ISIN: DE 000A11QW68 bzw. WKN: A2DAP2, ISIN DE000A2DAP26) announces that their PV portfolio has seen a 19% increase in production in 2016. Production increased from 74.7 GWh in 2015 to 88.9 GWh in 2016. The main driver behind this substantial increase has been (1) the progressive expansion of installed capacity from 86 MWp at the end of 2015 to 100 MWp at the end of 2016 and (2) the full year consolidated effects of the Miskina portfolio which was acquired in Q4 2015. It is noted that the specific output yield dropped from 1044 kWh/kWp in 2015 to 961 kWh/kWp in 2016. A couple of factors contributed to this. Firstly, according to the German Meteorological Service (DWD), the global horizontal irradiation in Germany was, depending on location, approximately 3% - 6% lower than last year. Aside from the weather effects, the decline in specific yield is entirely attributable to changes in the portfolio's profile. The park in Sainte-Maxime (Southern France) was sold at the end of 2015 and new installations, though more fitting to the portfolios geographical spread, are located in less sunny regions (primarily Lower Saxony and Mecklenburg-Western Pomerania).

The increase in production is fully reflected in the company's group revenues which have risen from EUR 25.4 Mio to slightly above EUR 30 Mio in 2016. The company's guidance, which was based on a planned portfolio expansion to 94 MWp at the end of 2016, assumed revenues of at least EUR 28.8 Mio for 2016. Through a combination of solid production output (+19%), sustained cost control at corporate level, and one-time badwill effects, the company's preliminary (and unaudited) numbers are showing a significant increase in the full-year EBITDA in 2016. Previous EBITDA guidance of Analyst Day in Bayreuth was raised to at least EUR 24 Mio, and this is now expected to surpass EUR 26 Mio.

7C Solarparken AG will publish its final financial figures for2016 at the end of April 2017.

"We are very satisfied with the underlying quality of our assets and performance," comments Steven de Proost, CEO of 7C Solarparken AG. "Despite an above average ambient temperature in 2016 (which will always have a negative effect on production), and the outages related to the optimization works at Kissing and Wiesenbach, the company's Performance Ratio still came in at 79.1% - slightly higher than communicated guidance of 78.9%. With our current strategy, we anticipate record growth in EBITDA throughout 2017."

About 7C Solarparken
7C Solarparken AG is a listed owner/operator of PV plants in Germany with a portfolio of ca. 104 MWp. The shares of the company are traded on the regulated segment of the Frankfurt Stock Exchange (General Standard).

For further information:
7C Solarparken AG
An der Feuerwache 15
95445 Bayreuth,
Germany
www.solarparken.com
Steven De Proost, CEO
info@solarparken.com
Tel. +49 (0) (921) 230557 77

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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) DE000A2DAP26 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Munich, Stuttgart