July 29, 2016 10:25 AM ET

Electrical Equipment

Company Overview of 7C Solarparken AG

Company Overview

7C Solarparken AG engages in the ownership and operation of PV-farms primarily in Germany. The company has a combined asset portfolio 86 MWp. It also operates in Belgium and Italy. The company was formerly known as Colexon Energy, AG and changed its name to 7C Solarparken AG in January 2015. 7C Solarparken AG is based in Bayreuth, Germany.

An der Feuerwache 15

Bayreuth,  95445

Germany

12 Employees

Phone:

49 921 23 05 57 77

Fax:

49 921 23 05 57 79

Key Executives for 7C Solarparken AG

Founder, Chairman of the Management Board and Chief Executive Officer
Age: 42
Total Annual Compensation: €225.0K
Chief Financial Officer and Member of the Management Board
Age: 33
Total Annual Compensation: €159.0K
Compensation as of Fiscal Year 2015.

7C Solarparken AG Key Developments

7C Solarparken AG, Annual General Meeting, Jul 15, 2016

7C Solarparken AG, Annual General Meeting, Jul 15, 2016.

7C Solarparken AG, 2015 Earnings Call, Apr 22, 2016

7C Solarparken AG, 2015 Earnings Call, Apr 22, 2016

7C Solarparken AG Reports Earnings Results for the Full Year 2015; Provides Earnings Guidance for the Year 2016

7C Solarparken AG reported earnings results for the full year 2015. For the period, the company reported EBITDA of EUR 24.9 million in 2015 versus EUR 16.7 million in 2014. Clean EBITDA even increased by 80% from EUR 11.2 million in 2014 to EUR 20.2 million in 2015. The cash flow per share metric, which the company considers as a key financial indicator, rose from EUR 0.26 per share in 2014 to EUR 0.41 per share in 2015 even in spite of a much higher number of shares. The company guided for EBITDA of EUR 18 million to EUR 19 million, EUR 18.2 million to EUR 18.8 million clean EBITDA and EUR 0.37 per share EUR 0.39 cash flow per share in 2015. 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.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 29, 2016
0.9 MWp rooftop PV farm
Merger/Acquisition
May 25, 2016
1.4 MWp Rooftop PV Farm
Merger/Acquisition
March 7, 2016
2 MWp Solar Park in Fahrenholz
 

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