Brief: 7C Solarparken Increases FY 2018 Guidance

7C Solarparken AG

28/11/2018 07:33

Nov 28 (Reuters) - 7C Solarparken AG  HRPKk.DE :
    * PTA-NEWS: 7C SOLARPARKEN AG: 7C SOLARPARKEN AG INCREASES
FULL-YEAR 2018 GUIDANCE AND PRESENTS ITS PLAN 2018-20
    * 7C SOLARPARKEN - EBITDA UP FROM EUR 26.9 MIO. IN LAST
YEAR'S
COMPARABLE PERIOD TO EUR 31.7 MIO. IN FIRST NINE-MONTHS OF 2018
    * ITS FULL-YEAR EBITDA GUIDANCE OF "AT LEAST EUR 31 MILLION"
NOW
RAISED TO EUR 33 MILLION
    * NET DEBT AT END OF SEPTEMBER 2018 REMAINED STABLE AT EUR
163.6
MIO. VERSUS END OF JUNE 2018
    * A STABLE, PREFERABLY RISING, DIVIDEND OF AT LEAST EUR
0.10/SHARE
DURING 2018-20
    * ESTIMATES THAT UPON FULL EXECUTION OF PLAN AT END OF 2020,
FY
EBITDA TO RISE TO OVER EUR 41 MIO
    * INVESTMENT PLAN OF OVER EUR 100 MIO. SHOULD LIFT IPP
PORTFOLIO
TO 220 MWP BY 2020

Source text for Eikon:  ID:nPexg7kcra 
Further company coverage:  HRPKk.DE 

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