Encavis confirms 2018 results and plans dividend increase

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.

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