Report

Encavis - Low-risk portfolio generates clean growth

Encavis continued its growth in H1, with weather-adjusted EBITDA and EBIT up 17% y-o-y. FY19 guidance was increased again, mostly reflecting the positive impact of favourable weather conditions in H1. The company has a strong growth track record (c 35% EBITDA and EBIT CAGR 2018–19) and a large pipeline to drive future earnings progression and dividends growth. It offers a 3% dividend yield in FY19e, with growth prospects.
Underlying
Encavis AG

Capital Stage is an investment company based in Germany. Co. is engaged in investing in small and medium sized enterprises.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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