DGAP-Adhoc: Electrawinds SE: Electrawinds achieves important milestones in the realization of its revised business plan

DGAP-Adhoc: Electrawinds SE: Electrawinds achieves important milestones in the 
realization of its revised business plan

Electrawinds SE  / Key word(s): Disposal/Agreement

14.10.2013 08:18

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


lectrawinds achieves important milestones in the realization of its
revised business plan

Luxembourg | 14 October 2013: Electrawinds SE reports on several actions
that have been concluded and which are in line with earlier announcements:

) Divestment non-core assets: Electrawinds has sold the wholly-owned
subsidiaries Electrawinds Solar NV and Zon aan Zee NV to Inframan NV (the
infrastructure joint venture between Gimv and Belfius and manager of the
unlisted DG Infra funds) for an enterprise value of EUR19.1m, including
earn-outs. Both subsidiaries operate in total 23 solar projects in Flanders
(Belgium) with a total capacity of 6.68MWp and generate EUR2.0-2.5m EBITDA
per year. Electrawinds will apply the proceeds from this divestment to
reduce indebtedness at the holding level and for its ongoing operations.

) Strategic partnership for the 2nd generation biodiesel activities:
Electrawinds has co-founded the Joint Venture AD Biodiesel SAS for the
sourcing, production and marketing of 2nd generation biodiesel based on
waste products (animal fats and used cooking oils). Electrawinds owns 20%,
alongside key industry players Sofiproteol/Diester (60%), Akiolis (10%,
part of Tessenderlo group) and Mindest (10%). Upon finalization of some
formal steps, AD Biodiesel SAS starts operations today. This partnership is
expected to bring a positive and stable EBITDA contribution going forward.

) Ongoing cost reduction: In line with the strategic refocus, Electrawinds
has well advanced in reducing the cost basis of the DCPM-Segment
Development, Construction & Portfolio Management activities).

The Company continues to progress with several potential new cornerstone
investors, its main shareholders and providers of subordinated debt to its
wholly-owned subsidiary Electrawinds NV in order to significantly reinforce
its capital base. More information will be communicated in the course of Q4

*   *   * 

Electrawinds SE | 40, Avenue Monterey | L-2163 Luxemburg
Bert Heyman | investor.relations@electrawinds.eu

ISIN LU0538936351 (Publikums-Aktien) Regulierter Markt, Prime Standard,
ISIN LU0538952044 (Publikums-Optionsscheine) Regulierter Markt, General
Standard, Frankfurt/Main

Cautionary statement regarding forward-looking statements This press
release contains certain forward-looking statements. Any
forward-looking statement applies only on the date of this press release.
Such statements are based on current expectations and convictions and, by
their nature, are subject to a number of known and unknown risks and
uncertainties as a result of which the actual results and performance may
differ substantially from expected future results or performance expressed
or implied in the forward looking statements. The information and views
contained in this press release may change without prior notice, and
Electrawinds SE has neither the intention nor the obligation to update
forward-looking statements in this communication, except insofar as it is
obliged to do so by any applicable legislation or by the rules of any stock
exchange on which its shares may be traded.

14.10.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

Language:     English
Company:      Electrawinds SE
              40, Avenue Monterey
              2163 Luxemburg
              Grand Duchy of Luxembourg
Phone:        +352 27 449878
Fax:          +352 27 449879
E-mail:       investor.relations@electrawinds.eu
Internet:     ewi.electrawinds.eu
ISIN:         LU0538936351, LU0538952044
WKN:          A1C4HF, A1E016
Listed:       Regulierter Markt in Frankfurt (Prime Standard)
End of Announcement                             DGAP News-Service
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