7C Solarparken AG: 7C Solarparken AG reports favorable cash flow development in 2016: EBITDA climbed to EUR 27.9 m

Cash flow per share rose from EUR 0.41 in 2015 to EUR 0.45 in 2016, well above earlier forecast.

Bayreuth (pta006/27.04.2017/07:50 UTC+2) 7C Solarparken AG reports a favorable cash flow development in 2016: EBITDA climbed to EUR 27.9 million, and clearly exceeds guidance of EUR 24 Mio. Cash flow per share rose from EUR 0.41 in 2015 to EUR 0.45 in 2016, well above earlier forecast.

Bayreuth, 27. April 2017 - 7C Solarparken AG (WKN: A11QW6, ISIN: DE 000A11QW68 bzw. WKN: A2DAP2, ISIN DE000A2DAP26) published EBITDA of EUR 27.9 Mio for 2016 compared to EUR 24.9 Mio over 2015. In spite of less favourable weather conditions, the full consolidation of the Miskina parks and a number of new-build projects have been the main drivers for growth. Clean EBITDA even climbed by 25% from EUR 20.2 Mio in 2015 to EUR 25.3 Mio in 2016, and thus clearly exceeded the prognosis. Also cash flow per share, a key performance indicator for the company, exceeded management forecast and came in at EUR 0.45/share. Last year, cash flow per share amounted to EUR 0.41. The company guided for EBITDA of EUR 24 Mio, EUR 23.7 Mio clean EBITDA and EUR 0.43 cash flow per share in 2016.

Steven De Proost, CEO of 7C Solarparken AG is very pleased with the annual results: "In addition to outperforming our financial targets, we welcome to have reached the critical size of 100 MWp and a market capitalisation of over EUR 100 Mio. Both milestones will lead to increased awareness on the capital markets. Furthermore we have demonstrated our capability to grow the value per share, notwithstanding a series of capital increases, and even within an adverse irradiation year."

Outlook for 2017
The company expects to generate EBITDA of at least EUR 27 Mio and a cash flow per share in the range EUR 0,48-0,50. Guidance assumes (i) unchanged weather conditions compared to 2016, and (ii) income from the existing IPP portfolio only (105,8 MWp) without cash flow contribution from further growth initiatives. Nevertheless, management is confident to capture interesting opportunities during the year so that the recent capital increases will translate once again in additional value per share.

Annual Report 2016
The Annual Report 2016 is available on the company's website (www.solarparken.com) under the Investor Relations section. A conference call for analysts is scheduled on 27.04.2017 at 11.45h CET. The analyst presentation will be simultaneously made available on the website.

7C Solarparken
7C Solarparken AG is a pure-play PV owner/operator with an IPP portfolio of ca. 105 MWp. Most installations are located in Germany. The company's shares are listed on the regulated market in Frankfurt in the General Standard segment.

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