Capital Stage AG (ETR:CAP) today released its forecast for 2017 based on the portfolio of solar and wind parks held by it and Chorus Clean Energy AG (FRA:CU1) as of December 7, 2016.
(Figures in EUR million)
2016 forecast (released on Nov 21)
Consolidated operating EBITDA
Operating cash flow
The 2017 projections for the first time incorporate the expected financial results of Chorus, in which Capital Stage holds a stake of over 94%. It will be fully consolidated in the financial statements of Capital Stage going forward.
At the same time, the forecast does not take into account potential new acquisitions and new mandates for the asset management activities that may be agreed next year. Capital Stage is already reviewing a number of potential buys and is in talks for new asset management mandates.
The company concluded its all-stock takeover of fellow German solar and wind parks operator Chorus Clean Energy in the fourth quarter of 2016.