Gruenwald (16.12.2021/22:45) – Today, the management board of Pacifico Renewables Yield AG (the “Company”, ISIN: DE000A2YN371, Duesseldorf Stock Exchange: PRY) decided to raise the Company’s revenue guidance for the fiscal year 2021. Management anticipates that especially the electricity prices in Poland, which have increased significantly compared to previous expectations while being highly volatile, will drive revenues from the local 51.8 MW wind portfolio that 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 raises its revenue guidance for the fiscal year 2021 from €20.0 – €22.0 million to €20.5 – €23.5 million. This exceeds the current market expectation of €21.4 million (arithmetic mean of the analysts’ estimates published up to December 16, 2021). The Company does not adjust the underlying electricity production guidance.
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This announcement may contain certain forward-looking statements, estimates, opinions, and forecasts concerning the future business situation, earnings situation, and results of Pacifico Renewables Yield AG (“forward-looking statements”). Forward-looking statements can be identified by words such as “believe”, “estimate”, “anticipate”, “expect”, “intend”, “will”, or “should” and their negation and similar variations or comparable terminology. Forward-looking statements include all matters that are not 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, therefore actual results, performance and events may differ materially from those expressed or implied by forward-looking statements. Forward-looking statements contained herein should not be construed 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 on the date of this publication. Subject to statutory requirements, Pacifico Renewables Yield AG will not update the information, forward-looking statements or conclusions contained in this release in light of subsequent events or circumstances, nor will it reflect subsequent events or circumstances or correct inaccuracies that arise after the date of this release as a result of new information, future developments or otherwise, and we the company does not assume any obligation to do so. The company does not assume any responsibility whatsoever that the forward-looking statements or assumptions contained herein will occur.