Discover the Potential of ENCAVIS AG: A Leader in Renewable Energy Investments

• Preliminary key performance indicators for Q1/2024 for Encavis AG are significantly lower than the same quarter of the previous year but are close to the planned level.
• Net revenue decreased by more than 12% compared to the previous year to around EUR 86.6 million.
• Adjusted EBITDA decreased by more than 24% compared to the previous year to around EUR 48.5 million.
• Adjusted EBIT decreased by more than 48% compared to the previous year to around EUR 18.2 million.
• Adjusted Earnings Per Share (EPS) turned into the negative of around EUR –0.04.
• The Management Board confirms the guidance for the financial year 2024, expecting further sales growth at Stern Energy, expanded wind capacity in Germany, and a further increase in sales at Encavis Asset Management.

The next important date, Publication of Sustainability Reports 2023 (after market), at ENCAVIS is on 07.05.2024.

The price of ENCAVIS at the time of the news was 16,915EUR and was down -0,09 % compared with the previous day.
9 minutes after the article was published, the price was 16,910EUR this corresponds to a minus of -0,03 % since publication.
At this time, the index MDAX was at 26.342,99PKT (+0,01 %).

ENCAVIS

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ISIN:DE0006095003WKN:609500

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