Corporate News
 

Encavis AG publishes analysts’ consensus regarding the expectations for the fiscal year 2023e

Hamburg, 23^rd March 2023 – The MDAX-listed wind and solar park operator Encavis AG (Prime Standard, ISIN: DE0006095003, ticker symbol: ECV) presents the current analysts' consensus focussing on the five relevant steering criteria of the Group, the so-called key performance indicators (KPI), ahead of the disclosure of its Consolidated Financial Statements 2022, for the current fiscal year 2023e.

The year 2022, was dominated by extraordinary high and extremly volatile energy prices at the same time due to the war in Ukraine. Therefore the revenue increase in 2022 of EUR 122 million in total compared to the year before included a pure price effect of EUR 62 million. Ceteris paribus Encavis benefitted from a revenue increase of around EUR 60 million based under the assumption of unchanged prices 2022 = 2021. Representing an increase of around 18%, based on higher production volume of the existing portfolio of wind and solar parks due to better weather conditions and based on additional volume of wind and solar park generation capacities connected to the grid.  

Currently six research analysts who cover Encavis participated in this consensus. The consensus mirrors the expectations regarding the consolidated financial expectations for the current fiscal year 2023e as of today. Included are the average figure, the top extrema and the bottom extrema.

The consensus can be downloaded also at the website of the Company:
www.encavis.com/en/investor-relations/research

About ENCAVIS:
Encavis AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) is a producer of electricity from Renewable Energies listed on the MDAX of Deutsche Börse AG. As one of the leading independent power producers (IPP), ENCAVIS acquires and operates (onshore) wind farms and solar parks in twelve European countries. The plants for sustainable energy production generate stable yields through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPA). The Encavis Group's total generation capacity currently adds up to around 3.5 gigawatts (GW), of which more than 2.1 GW belongs to the Encavis AG, which corresponds to a total saving of around 0.8 million tonnes of CO₂ per year stand-alone for the Encavis AG. Within the Encavis Group, Encavis Asset Management AG offers fund services to institutional investors.

Encavis is a signatory of the UN Global Compact as well as of the UN PRI network. Encavis AG's environmental, social and governance performance has been awarded by two of the world's leading ESG rating agencies. MSCI ESG Ratings awarded the corporate ESG performance with their "A" level and ISS ESG with their "Prime" label.

Additional information can be found on www.encavis.com 

Contact:
ENCAVIS AG         
Jörg Peters          
Head of Corporate Communications & IR    
Tel.: + 49 40 37 85 62 242      
E-Mail: joerg.peters@encavis.com