clearvise AG looks back on successful financial year 2023 according to
preliminary results and outperforms earnings forecast

EQS-News: clearvise AG / Key word(s): Preliminary Results
clearvise AG looks back on successful financial year 2023 according to
preliminary results and outperforms earnings forecast

17.04.2024 / 08:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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clearvise AG looks back on successful financial year 2023 according to
preliminary results and outperforms earnings forecast

  * 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

Frankfurt, 17 April 2023 - clearvise AG (WKN A1EWXA / ISIN DE000A1EWXA4), an
independent power producer from renewable energies with a diversified
European portfolio of wind and PV plants, looks back on a successful
business year 2023 despite the challenging market environment, according to
preliminary results. All key figures are within or even above the most
recent forecast ranges.

In the 2023 financial year, consolidated revenue reached EUR 44.8 million
(2022: EUR 64.0 million) and thus came in at the upper end of the forecast
range of EUR 42 to 45 million. Moreover, adjusted EBITDA amounted to EUR
30.3 million (2022: EUR 50.0 million) and exceeded the forecast of EUR 26 to
29 million. The lower figures compared to the previous year are due to the
normalisation of electricity prices at a lower level and the sale of a 30 MW
wind park portfolio in Finland. The positive earnings contribution from the
transaction amounts to EUR 5.5 million and is not included in the adjusted
EBITDA. By contrast and despite the sale, electricity production rose by 8%
to 533 GWh (2022: 493 GWh) and was therefore within the target corridor of
513 to 555 GWh. The equity ratio climbed to 44% (2022: 35%) and provides an
excellent starting position for future financing.

Manuel Sieth, CFO of clearvise AG, comments: 'We are very positive about the
business figures. The general conditions in the reporting period were
significantly more challenging than in 2022, when our industry benefited
from exceptionally high electricity prices. We have made the most of this
market phase by further optimising and diversifying our portfolio. As a
result, we have increased our electricity production compared to the
previous year, even though our portfolio was around 10 per cent smaller with
the sale of the Finnish wind farms. This highlights the enormous potential
of our portfolio. We are realising this step by step through active
portfolio management. In addition, the strong equity ratio is a good basis
for enabling the pipeline through debt financing.'

clearvise will publish the final figures for the 2023 financial year and the
forecast for the 2024 financial year in its 2023 Annual Report on 30 April
2024.

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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17.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
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:    1881921

End of News EQS News Service
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1881921 17.04.2024 CET/CEST