BERLIN: German solar and wind park operator Capital Stage AG (ETR:CAP) expects to report a pre-tax profit for 2014 of some EUR 23.8 million (USD 25.8m), or 50.6% more than it booked in 2013.
The result would be above its forecast for EUR 23 million in annual earnings before taxes. According to preliminary estimates, earnings before interest, tax, depreciation and amortisation (EBITDA) have jumped by 70% to over EUR 85.3 million. Capital Stage’s revenue has grown by 37% to EUR 77.8 million.
The German company also mentioned that cash from operating activities for 2014 amounted to EUR 55 million, up by 50.0% year-over-year.
Capital Stage will publish definitive financial and earnings figures on March 31.
According to its website, the firm operates 61 solar and six wind farms with a total capacity of over 440 MW.
