Brief: 7C Solarparken FY Record EBITDA At EUR 38.1 Mil

7C Solarparken AG

08/04/2020 12:37

April 8 (Reuters) - 7C SOLARPARKEN AG  HRPKk.DE :
    * FY RECORD EBITDA OF EUR 38.1 MIO. VERSUS EUR 35.1 MIO.
YEAR
BEFORE
    * WILL PROPOSE TO KEEP ITS DIVIDEND UNCHANGED AT EUR
0.11/SHARE AT
UPCOMING ANNUAL MEETING
    * GUIDANCE FOR FINANCIAL YEAR 2020 IS BASED ON A FULLY
OPERATING
PORTFOLIO OF 201 MWP (AS FROM END OF JUNE 2020)
    * POSTPONES AGM DUE TO COVID-19 PANDEMIC
    * ALTHOUGH CURRENT COVID-19 CRISIS HAS NO DIRECT
REPERCUSSIONS ON
OUR LONG-TERM GOALS, THERE ARE HOWEVER SHORT-TERM EFFECTS
    * SINCE START OF LOCK-DOWN SITUATION, NUMBER OF DAYS DURING
WHICH
WE OBSERVE NEGATIVE ELECTRICITY PRICES IS RISING FAST DUE TO A
15% FALL IN ELECTRICITY CONSUMPTION SINCE START OF LOCK-DOWN
    * UNDER CAUTIOUS ASSUMPTION THAT CURRENT LOCK-DOWN WILL LAST
UNTIL
END OF JUNE 2020, MANAGEMENT ESTIMATES A NEGATIVE IMPACT ON
REVENUES OF EUR 0.4 MIO.
    * TOTAL EBITDA EFFECT ARISING FROM COVID-19 SITUATION IS
CURRENTLY
ESTIMATED AT EUR 0.8 MIO.
    * SETS ITS GUIDANCE FOR 2020 AT EUR 36 MIO. EBITDA AND EUR
0.48/SHARE CFPS.
    * OPTIMISTIC TO MEET 220 MWP TARGET BEFORE YEAR-END 2020

Source text for Eikon:  ID:nPexvxcq0a 
Further company coverage:  HRPKk.DE 

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