EQS-Adhoc: ENCAVIS AG

Disclosure of an inside information according to Article 17 MAR of the Regulation (EU) No 596/2014
Hamburg, 8 November 2024 – The Management Board of the SDAX-listed wind and solar park operator Encavis AG (Prime Standard, ISIN: DE0006095003, ticker symbol: ECV) is already publishing key performance indicators (KPIs) after the end of the first three quarters of the 2024 financial year (without adding the costs of the voluntary public takeover offer by Elbe BidCo AG):
 

• Slight year-on-year increase in electricity production to around 2,677 GWh (previous year: 2,673 GWh)
• Decline in net operating revenue of around 10% (EUR -34.5 million) compared to the same period of the previous year to around EUR 321.6 million (previous year: EUR 356.1 million)
• Operating adjusted EBITDA^1)*) falls by around 18% (EUR -44.8 million) compared to the same period of the previous year to around EUR 201.3 million (previous year: EUR 246.1 million)
• Adjusted operatingEBIT^1)*) falls by around 31% (EUR -49.5 million) compared to the same period of the previous year to around EUR 109.3 million (previous year: EUR 158.9 million)
• Operating cash flow¹⁾ falls by around 7% (EUR -12.5 million) compared to the same period of the previous year to around EUR 171.2 million (previous year: EUR 183.7 million)
   

With the exception of the slight increase in electricity production, all of the KPIs mentioned here are significantly below the previous year's figures and below the planned level, meaning that the Executive Board is adjusting the guidance for the current 2024 financial year for the following KPIs as follows:

Revenue: EUR 425 million (-8%, original guidance: > EUR 460 million)

EBITDA: EUR 260-270 million (-13%- -10%, originally: > EUR 300 million)

EBIT: EUR 135-145m (-23% - -17% originally: > EUR 175m)

Operating cash flow: EUR 225-235 million (-13% - -10%, originally: > EUR 260 million)

Operating cash flow per share: EUR 1.39 - 1.45 (-14% - -10%, originally: EUR 1.62)

1) without adding the costs of the voluntary public takeover offer by Elbe BidCo AG

*) Explanations and derivation of the adjusted operating earnings figures can be found in the Annual Report / Consolidated Financial Statements 2023 of Encavis AG from page 17 and on page 37.

The annual report / consolidated financial statements 2023 of Encavis AG is available at:
https://www.encavis.com/en/green-capital/investor-relations/financial-reports

Contact / Notifying Person:
ENCAVIS AG
Dr. Oliver Prüfer
Press Officer & Manager Public Relations
Tel.: + 49 (0)40 37 85 62 133
E-Mail: oliver.pruefer@encavis.com
www.encavis.com