EQS-News

clearvise AG outperforms earnings forecast with 2023 consolidated financial statements and looks back on a successful financial year

EQS-News: clearvise AG / Key word(s): Annual Results clearvise AG outperforms earnings forecast with 2023 consolidated financial statements and looks back on a successful financial year 30.04.2024 / 08:30 CET/CEST The issuer is solely responsible for the content of this announcement. clearvise AG outperforms earnings forecast with 2023 consolidated financial statements and looks back on a successful financial year

• Consolidated financial statements confirm the preliminary figures communicated on 17 April 2024
• 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
• Outlook for 2024: electricity production of 440 to 460 GWh, revenue of EUR 35.5 to 37.0 million and adjusted EBITDA of EUR 21.8 to 23.1 million

Frankfurt, 30 April 2024 – clearvise AG (WKN A1EWXA / ISIN DE000A1EWXA4), an independent power producer from renewable energies with a diversified European portfolio of wind and PV plants, today published its annual report for 2023 and confirms the preliminary figures presented on 17 April 2024. clearvise can look back on a successful financial year. All key figures were within or even above the most recent forecast corridor despite the challenging market environment.

Petra Leue-Bahns, CEO of clearvise AG, comments: “In 2023, the general conditions for our business were significantly more difficult. Nevertheless, we performed very successfully and achieved or even outperformed all of our targets. The focus was on further optimizing and diversifying our portfolio. For example, we sold our Finnish wind farms in the reporting period and are currently investing heavily in solar projects in Italy and France. We are also actively managing our portfolio in order to increase the returns on our solar and wind parks.“