DGAP-News: clearvise AG is successfully implementing its development strategy in the financial year 2021 | News

DGAP-News: clearvise AG / Keywords: Annual report

clearvise AG is successfully implementing its development strategy in the financial year 2021

01/06/2022 / 20:30
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Press Release

clearvise AG is successfully implementing its development strategy in the financial year 2021

  • Group sales in 2021 according to final data at EUR 32.9 million
  • Group’s EBITDA in 2021 of EUR 21.8 million achieved
  • Total production achieved in 2021 is 366.5 GWh
  • Positive outlook for 2022: Significant increase in sales and forecast increase in total electricity production

Wiesbaden, June 1, 2022 clearvise AG (WKN A1EWXA / ISIN DE000A1EWXA4), an independent producer of renewable electricity with a diversified European portfolio of wind and solar PV systems, today published its annual report for 2021 and thus preliminary Data for the past financial year confirmed. Consequently, clearvise achieved group sales of EUR 32.9 million in 2021, after EUR 36.4 million in the previous year. Clearvise was therefore able to exceed the recently published sales forecast of EUR 31.1 million to EUR 31.4 million by 4.8%. The high electricity prices in December had a positive impact, while the weak wind in 2021 influenced the overall development of sales.

In addition, the Group’s unadjusted EBITDA in 2021 was EUR 21.8 million according to final figures (previous year: EUR 27.7 million). This is above the EBITDA forecast for 2021 from EUR 20.2 million to EUR 20.5 million. In addition, total production in 2021 was 14% lower than the year before and amounted to 366.5 GWh (previous year: 426.3 GWh) due to poor wind conditions. In addition, clearvise AG was able to significantly expand its portfolio in fiscal 2021 by acquiring a wind farm and several photovoltaic parks, most of which are under construction.

Petra Leue-Bahns, CEO of clearvise AG, comments: In the financial year 2021, we successfully implemented our new development strategy and thus created the conditions for further development in the current financial year. We strengthened our asset management team and worked to further digitize our processes and make them even more efficient. In particular, the bad wind 2021 results show how important for clearvise is the diversification towards the photovoltaic asset class, which started in 2021. To this end, we have already achieved further important milestones in 2022. This is evidenced by the commissioning of our 90 MW solar power plant Klettwitz-Nord in May.

Positive outlook for 2022

Clearvise expects the existing portfolio to produce between 480 and 540 GWh of electricity in fiscal 2022 in 2022. Combined with hedged prices, this results in a sales corridor of EUR 40-45 million and the group’s EBITDA adjusted for special effects between EUR 28 and 32 million.

As part of our clearSCALE growth initiative, we aim to expand our portfolio to 1 GW by 2025 and generate half of our sales from wind and solar asset classes. Since 2020, we have successfully more than doubled our portfolio, and currently we have approximately 133 MWp of PV generation capacity in use. Another 26 MWp is under development and approximately 49 MWp are secured by a contract. Overall, we have successfully started the new financial year and recorded a good first quarter 2022 in terms of production (+ 16% compared to the previous year) and sales (+ 30% compared to the previous year). PV generation capacity stabilizes cash flow in the long term, adds Manuel Sieth, Commercial Director at clearvise AG.

The 2021 Annual Report is available for viewing on the company’s website in the Investor Relations section at clearvise.de.

About clearvise

clearvise AG is an independent producer of electricity from renewable energy sources with a diversified European portfolio of power plants. The established investment portfolio of Bürgerwindaktie currently consists of wind and solar parks in Germany, France, Ireland and Finland, and biogas plants with a capacity of approximately 378 MW. Based on a three-pillar strategy, the company focuses on expanding its portfolio of onshore wind and solar PV systems in Europe and making it profitable. Clearvise AG (WKN A1EWXA / ISIN DE000A1EWXA4) has been listed since 2011 and is now traded over the counter on various German stock exchanges and via XETRA.

contact

Cometis AG
Thorben Burbach
Telephone: +49 (0) 611 – 205 855-23
Fax: +49 (0) 611 – 205 855-66
E-mail: burbach@cometis.de

06/01/2022 Release of the corporate information / financial announcement transmitted by DGAP – EQS Group AG service.
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