Encavis Set To List On SDAX On September 20

Hamburg-headquartered wind and solar park operator, Encavis AG (ECV) Monday, announced that it is scheduled to be listed on the SDAX, the index of the 70 largest listed small-cap companies in Germany.

Encavis AG's revenue consolidated net income and market capitalizations have risen significantly since 2013. In 2013, it reported consolidated revenue of around 57.0 million euros has increased over five fold, rising continuously to 292.3 million euros by 2020.

In the current fiscal year 2021, the executive board expects over 320 million euros in consolidated revenues.

The consolidated net income of the German firm rose from 14.0 million euros in 2013 to 68.1 million euros in 2020. Operating cash flow increased almost six fold, rising from 36.0 million euros in 2013 to 212.9 million euros in 2020.

The market capitalization of the former Capital Stage AG, now Encavis AG, has also rose almost eight fold in the same period from around 272 million euros as of March 4, 2014, to currently around 2.1 billion euros.

All operational wind and solar parks of the company are centrally monitored and controlled and around 95 percent of the group's sales are secured on a long-term basis by fixed feed-in tariffs or by long-term (10 years) and also price-fixed private power purchase agreements (PPAs), the company said in a statement.

Interest rate risks in the financing of the existing parks also do not exist, as all wind and solar parks have fixed interest conditions, congruent with the fixed agreed revenue periods, the firm said.

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