Capital Stage's H1 pre-tax profit rises 17% y/y

Solar power station in Germany. Featured Image: anyaivanova/Shutterstock.com

German solar and wind park operator Capital Stage AG (ETR:CAP) said on Tuesday its pre-tax profit for the first six months of the year has improved by 17% year-on-year to EUR 14.4 million (USD 16.6m).

Capital Stage explained its dynamic growth path in the first half with the significant expansion of its operational basis. The company added it expects this to continue in the second half as well.

The following table gives more details about Capital Stage’s financial performance in the first half of 2015.

Figures in EUR	H1 2015	H1 2014
Revenues	56.4 million	39.5 million
EBITDA	41.8 million	29.2 million
EBIT	27.6 million	19.7 million
Pre-tax profit	14.4 million	12.3 million
Cash flow from operating activities	22.8 million	20.4 million

In July, the company lifted its 2015 operating EBIT forecast to more than EUR 48 million.

Capital Stage anticipates to fully invest the EUR 150 million it received from the Gothaer Insurance Group as part of their strategic partnership by the end of 2015. It is currently considering investment opportunities in its core regions of Germany, France, Italy and the UK.

(EUR 1.0 = USD 1.155)

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