7C Solarparken AG Reports Earnings Results for the Full Year 2015; Provides Earnings Guidance for the Year 2016
The company expects to generate EBITDA of at least EUR 23.7 million in 2016 and a cash flow per share of EUR 0.43 (previously: EUR 0.42) under base case assumptions and reflecting unfavorable weather conditions in the first quarter of 2016, the assumption of no acquisition of existing solar assets and scheduled outages related to the nearly finished optimization of the Kissing and Wiesenbach solar assets. Nevertheless, the management is confident to capture interesting opportunities during the year. The company's cash flow guidance of EUR 0.50 per share by 2017 is reiterated.