7C Solarparken AG: 7C Solarparken AG continues its profitable growth in the first-half of 2016

Bayreuth (pta011/15.09.2016/08:30 UTC+2) * Solid H1 2016 results, despite below-average irradiation

* Increase of EBITDA guidance for 2016 to at least EUR 24 Mio

* Capacity target under the Business Plan 2015-17 for financial year 2016 already achieved. 7C Solarparken AG will soon present its new Business Plan 2016-18.

Bayreuth, 15 September 2016 - 7C Solarparken AG (WKN: A11QW6, ISIN: DE 000A11QW68; stock exchange: regulated market in Frankfurt/Main (General Standard)) has continued its profitable growth path in the first half of the year 2016 and anticipates further earnings strength in the second half of the year.

H1 2016 characterised by solid results, below-average irradiation inhibited the growth

It is mainly the expansion of the IPP portfolio of 7C Solarparken from a weighted capacity of 70.5 MWp in H1'15 to 86.1 MWp in H1'16, which has increased its revenues by approximately 19 % to EUR 15.2 Mio. Full-period consolidation of the Miskina portfolio (13.7 MWp) has been the main driver for the underlying growth.

Sunshine hours and irradiation were, depending on region, up to 5-10% below the long-term average, as a result, revenues in the first half of 2016 (H1'16) were about EUR 1 Mio lower than under normal weather conditions. In its guidance for 2016, management had already reflected weather-related uncertainties of EUR 0.6 Mio. In spite of slightly worse weather conditions, EBITDA rose from EUR 10.2 Mio in H1'15 by 30.4% to EUR 13.4 Mio in H1'16 primarily driven by: (1) the inclusion of the Miskina portfolio and (2) operating income of EUR 0.8 Mio related to positive difference between the IFRS valuation and purchase price of investments in H1'16. This extraordinary operating income (badwill) almost fully offset the negative weather effect. Excluding exceptional items, clean EBITDA was up by 24% from EUR 10.3 Mio to EUR 12.7 Mio. The continuing strong operational performance and underlying portfolio growth to 94 MWp enables the company to raise its EBITDA guidance for 2016 from EUR 23.7 Mio to at least EUR 24 Mio.

Net cash flow has recorded an improvement of 29% to EUR 9.5 Mio. The cash flow per share (CFPS) indicator, which the company considers as a key value metric, has remained flat at EUR 23ct/share in spite of a 29% increase in outstanding shares. Steven De Proost, CEO of 7C Solarparken AG, comments: "The first-half figures confirm the stability of our business, also in case the meteorological conditions are less favorable. We are mostly enthusiastic about the robustness of our cash flow per share which was impacted by a substantial increase in number of shares outstanding related to the Miskina transaction and two private placements. In view of the fact that firstly the management's priority in H1'16 was to optimize and refinance the Miskina portfolio and that secondly CFPS was not yet improved by contributions of our recent investments nor from the successful re-financing of the Miskina portfolio itself during H1'16, CFPS will naturally accelerate in H2'16 versus H2'15. With operational targets for year-end 2016 already reached, we can provide high comfort to our shareholders that our CFPS target of EUR 0.43/share will be met this year even under adverse weather conditions."

Strong momentum on the execution of the Business Plan 2015-17

Management's priority for 2016 has been to optimize and re-finance the Miskina portfolio while raising the portfolio to 94 MWp at year-end 2016. The company succeeded in completing the optimization already in H1'16, and even outperformed on the stated targets. Following a series of recently announced investments, 7C Solarparken also reached the 94 MWp ahead of schedule. New targets for the period 2016-18 will be announced on September 20, 2016 when the company holds its annual Analyst Day.

The first half-year report 2016 is available on the website www.solarparken.com under the section "Investor Relations'.

7C Solarparken
7C Solarparken AG is a pure solar power plant operator with a portfolio of approx. 94 MWp; most of the installations are located in Germany. The company is listed on the Frankfurt Stock Exchange's Regulated Market (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)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Munich, Stuttgart