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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
2024-04-17 / 08:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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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2024-04-17 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. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

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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 2024-04-17 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1881921&application_name=news

END) Dow Jones Newswires

April 17, 2024 02:30 ET (06:30 GMT)