Encavis confirms 2018 results and plans dividend increase
Post date: 24/03/2019 - 19:11
German solar and wind park operator Encavis AG has confirmed its preliminary figures for 2018, which were first published on March 18. With revenues of €248.8 million ($281,1 million), the company achieved an increase of almost twelve percent compared to the previous year. The operating earnings before interest, taxes, depreciation and amortization (EBITDA) totalled €186.9 million ($211.2 million). For 2019, a turnover of €255 million and an operating EBITDA of more than €190 million are expected. Based on these figures, the Management Board will propose a dividend of 24 euro cents (27 cents) per share to the shareholders (2017: 22 euro cents). This is the seventh dividend increase in a row.