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DGAP-Adhoc: Pacifico Renewables Yield AG: Company raises sales forecast for fiscal year 2021 to € 20.5 – 23.5 million

DGAP-Ad-hoc: Pacifico Renewables Yield AG / Key word (s): Forecast / Change in Forecast
Pacifico Renewables Yield AG: Company raises sales forecast for fiscal year 2021 to € 20.5 – 23.5 million

16.12.2021 / 22:46 CET / CEST
Publication of inside information according to Article 17 of Regulation (EU) No. 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is responsible for the content of this announcement.

Pacifico Renewables Yield AG: Company raises sales forecast for fiscal year 2021 to € 20.5 – 23.5 million

Grünwald (12/16/2021 / 10:45 PM) – The Management Board of Pacifico Renewables Yield AG (the “Company”, ISIN: DE000A2YN371, Düsseldorf Stock Exchange: PRY) decided today to increase the company’s sales forecast for the 2021 financial year. He assumes that the electricity prices in Poland in particular, which have risen significantly compared to previous expectations and are at the same time highly volatile, will have a positive effect on the sales of the 51.8 MW wind portfolio there, which the company acquired in the fourth quarter of 2021 .

Based on preliminary indications and taking into account the increased volatility of the relevant electricity prices, the company is raising its sales forecast for the 2021 financial year from € 20.0 – 22.0 million to € 20.5 – 23.5 million. This is above the current market expectation of € 21.4 million (arithmetic mean of the analyst estimates published by December 16, 2021). The company does not adjust its forecast of the underlying electricity production.

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This release may contain certain forward-looking statements, estimates, views and projections with respect to the future business situation, results of operations and results of Pacifico Renewables Yield AG (“forward-looking statements”). Forward-looking statements can be identified by terms such as “believe”, “estimate”, “anticipate”, “expect”, “intend”, “will” or “should” as well as their negation and similar variants or comparable terminology. Forward-looking statements include all matters that are not based on historical facts. Forward-looking statements are based on the current opinions, forecasts and assumptions of the Management Board of Pacifico Renewables Yield AG and involve significant known and unknown risks and uncertainties, which could cause actual results, performance and events to differ materially from those expressed or implied in any forward-looking statements may differ. Forward-looking statements contained herein should not be taken as guarantees of future performance or results and are not necessarily reliable indicators of whether or not such results will be achieved. The forward-looking statements contained in this release are only valid as of the date of this publication. Subject to legal obligations, Pacifico Renewables Yield AG will not update the information, forward-looking statements or conclusions contained in this release to take into account subsequent events and circumstances, nor will it reflect subsequent events or circumstances or inaccuracies that may arise from new information after the publication of this release Correct developments or other circumstances, and the company does not assume any obligation to do so. The company assumes no responsibility in any way whatsoever that the forward-looking statements or assumptions contained herein will materialize.

12/16/2021 CET / CEST DGAP Distribution Services include statutory notifications, corporate / financial news and press releases.
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Reference-www.finanzen.at

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