clearvise AG outperforms earnings forecast with 2023 consolidated financial
statements and looks back on a successful financial year

EQS-News: clearvise AG / Key word(s): Annual Results
clearvise AG outperforms earnings forecast with 2023 consolidated financial
statements and looks back on a successful financial year

30.04.2024 / 08:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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clearvise AG outperforms earnings forecast with 2023 consolidated financial
statements and looks back on a successful financial year

  * Consolidated financial statements confirm the preliminary figures
    communicated on 17 April 2024

  * Consolidated revenue of EUR 44.8 million at the upper end of the
    forecast range

* Adjusted EBITDA exceeds forecast at EUR 30.3 million

* Production in line with expectations at 533 GWh

  * Outlook for 2024: electricity production of 440 to 460 GWh, revenue of
    EUR 35.5 to 37.0 million and adjusted EBITDA of EUR 21.8 to 23.1 million

Frankfurt, 30 April 2024 - clearvise AG (WKN A1EWXA / ISIN DE000A1EWXA4), an
independent power producer from renewable energies with a diversified
European portfolio of wind and PV plants, today published its annual report
for 2023 and confirms the preliminary figures presented on 17 April 2024.
clearvise can look back on a successful financial year. All key figures were
within or even above the most recent forecast corridor despite the
challenging market environment.

Petra Leue-Bahns, CEO of clearvise AG, comments: 'In 2023, the general
conditions for our business were significantly more difficult. Nevertheless,
we performed very successfully and achieved or even outperformed all of our
targets. The focus was on further optimizing and diversifying our portfolio.
For example, we sold our Finnish wind farms in the reporting period and are
currently investing heavily in solar projects in Italy and France. We are
also actively managing our portfolio in order to increase the returns on our
solar and wind parks.'

In the 2023 financial year, clearvise achieved consolidated revenue of EUR
44.8 million (2022: EUR 65.2 million; forecast: EUR 42.0 to 45.0 million).
The decline is due in particular to the normalization of electricity prices
at a lower level than in the record year 2022. In addition, around 10% of
the portfolio's nominal output (30 MW) was sold with the Finnish wind farms.
Nevertheless, electricity production at the solar parks and wind farms rose
by around 8% year-on-year to 533 GWh (2022: 493 GWh; forecast: 513 to 555
GWh), mainly due to technical optimizations.

The adjusted EBITDA of EUR 30.3 million (2022: EUR 50.4 million) exceeded
the forecast of EUR 26 to 29 million. Thus, the adjusted EBITDA margin was
at a solid level of 68% (2022: 77%). The positive earnings contribution from
the sale of the Finnish portfolio amounted to EUR 5.5 million and is not
included in adjusted EBITDA. The equity ratio rose significantly to 44% in
2023 (2022: 35%) and offers a good starting position for future financing.
Operating cash flow amounted to EUR 16.6 million (2022: EUR 49.7 million).
The decline is mainly due to the lower result.

Manuel Sieth, CFO of clearvise AG, comments: 'In the 2023 financial year, we
demonstrated the robustness of our business model. We further strengthened
our equity and increased our equity ratio by 9 percentage points as a
result. The operating cash flow was also very satisfactory despite the lower
electricity prices. This is an excellent starting point for our future
selective growth.'

Outlook for 2024
The electricity production of the existing portfolio is expected to amount
to 440 to 460 GWh under normal weather conditions. This is based on the
assumption of an unchanged portfolio. In 2023, the Finnish wind farms
contributed 66 GWh to production. The volatility of electricity prices
remains high, making it difficult to make a reliable price forecast.
clearvise is therefore forecasting revenue in a range of EUR 35.5 to 37.0
million on the basis of secured prices through PPAs (Purchase Power
Agreement) or the respective tariffs less expenses for electricity
marketing. Group EBITDA adjusted for special effects is expected to be in
the range of EUR 21.8 million to EUR 23.1 million due to the lower revenue.

The 2023 Annual Report is available for viewing on the company website in
the Investor Relations section at http://www.clearvise.de/.

About clearvise
clearvise AG is an independent producer of electricity from renewable
energies with a diversified European investment portfolio of onshore wind
and solar parks.

Based on a three-pillar acquisition strategy, the company is focussing on
profitably expanding its portfolio and creating added value for all
stakeholders with the individual clearSWITCH, clearPARTNERS and clearVALUE
models. The shares of clearvise AG (WKN A1EWXA / ISIN DE000A1EWXA4) have
been listed on the stock exchange since 2011 and are currently traded on the
open market of various German stock exchanges and via XETRA
(www.clearvise.com).

Contact

Company contact Media contact

     clearvise AG                            Kirchhoff Consult GmbH
     Andreas Riedel                          Jan Hutterer
     Phone: +49 (0)160 - 6938984             Phone: +49 40 60 91 86 65
     E-mail: andreas.riedel@clearvise.com    E-mail: clearvise@kirchhoff.de

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30.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        clearvise AG
                   Eschenheimer Anlage 1
                   60316 Frankfurt / Main
                   Germany
   Phone:          +49 (0) 69 247439232
   E-mail:         info@clearvise.com
   Internet:       www.clearvise.com
   ISIN:           DE000A1EWXA4
   WKN:            A1EWXA
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt, Hamburg, Munich, Stuttgart
   EQS News ID:    1892117

End of News EQS News Service
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1892117 30.04.2024 CET/CEST