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Encavis AG Financial Results H1 2023 | Stable Growth Amid Market Turbulence with CFO

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Encavis AG H1 2023: Key Takeaways

Encavis AG’s Robust Performance Amidst Market Uncertainties

Encavis AG, a leading listed Independent Power Producer (IPP) for renewables, recently unveiled its Q2 2023 financial figures, curated and presented by CFO and CEO spokesperson Christoph Husmann. The company showcased steadfast resilience amidst challenging market conditions, reflecting stable revenues and consistent earnings per share during the first half of 2023.

 

Comparison and Contrast: 2023 vs 2022 Financial Figures

Husmann presented a thorough comparison with the financials from 2022 – a year notoriously impacted by the “coin war” and unexpected price fluctuations paired with unique meteorological conditions. Despite the tempting year-to-year comparison between 2022 and 2023, the latter is emphasised to offer a more stable and normalised financial outlook. This ‘normalised’ viewpoint allows stakeholders to witness and comprehend Encavis’ upward trajectory, demonstrating a substantial growth of 40% and boosting revenues from 162 million euros in H1 2021 to a remarkable 226 million euros in H1 2023.

 

Highlighting Encavis’ Diversified Energy Portfolio

Beyond mere revenue numbers, Husmann also illuminated the audience on the company’s diverse energy portfolio. Solar farms have consistently remained a staple, contributing to 68% of their revenues. This year’s stabilisation of financial figures pushed the returns from solar parks to a notable 76% margin, a minimal adjustment from the 79% noted in the preceding year, majorly owing to favourable weather conditions and high-power energy finances.

 

Strategic Acquisitions and Global Expansion

Encavis’ strategic acquisitions and partnerships have been a focal point in their progressive journey, as demonstrated in this presentation. A prime example is the integration of Stern Energy, a specialist operator focusing on managing, maintaining, and constructing Photovoltaic (PV) systems.

 

Stern Energy: A Catalyst for Robust Growth

With its evident robust growth trajectory, Stern Energy manages an expansive network of 520 parks with a capacity of 1.4 gigawatts. Especially noteworthy is the company’s substantial global footprint, managing energy parks in various countries, including Italy, Germany, the UK, Netherlands, and recently, France.

 

Encavis’ Optimistic Outlook and Guidance for 2023

Despite the challenges and turbulent market scenarios, Encavis maintains an optimistic stance for the future. Husmann concluded the presentation by confirming the company’s financial guidance 2023, projecting net revenues of over 440 million euros, ABDA of over 310 million euros, and an EPS exceeding 60 euro cents. This presentation is a testimony to Encavis AG’s sustained growth, adaptability, and staunch commitment to its vision, even amidst wavering market circumstances.

 

Chapters
  • Benefits from 2023 Acquisitions
  • KPIs in Q1 2023
  • Q1 2023e Significantly Above Analyst Consensus
  • High Margins in Major Business Segments
  • Solar Parks: Operating P/L
  • Wind Farms: Operating P/L
  • PV Services: Operating P/L
  • Asset Management: Operating P/L
  • HQ/ Consolidation: Operating P/L
  • Guidance FY 2023
Resources
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husmann - Encavis AG Financial Results H1 2023 | Stable Growth Amid Market Turbulence with CFO -%sitename%

Dr. Christoph Husmann
CFO | Encavis AG

peters - Encavis AG Financial Results H1 2023 | Stable Growth Amid Market Turbulence with CFO -%sitename%

Joerg Peters
Head of Investor Relations | Encavis AG

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