7C Solarparken Raises 2026 EBITDA Floor to €55 Million
Key Facts
7C Solarparken raised its guidance for fiscal 2026, setting EBITDA at at least €55 million, up from €50 million in its previous estimate, and lifting its minimum cash flow per share to €0.55 from €0.50. The company announced the revision in an official disclosure, attributing it to continued strong operating performance in the third quarter and additional factors that emerged in October. The update increases the two main estimates the company provided for the year, after it had reaffirmed its previous guidance in its half-year report. The disclosure did not revise its annual revenue forecast, which remained at €66.5 million under the previous guidance. The market is now awaiting nine-month results, scheduled for publication on 24 November 2026, to track performance ahead of year-end.
The company linked part of the guidance increase to operating EBITDA in the third quarter, saying strong electricity trading margins in Belgium supported results. It added that redistribution settlements in Germany were favorable, pointing to another factor that boosted performance during the quarter. These operating factors provide the backdrop to the annual estimate revision, alongside gains the company said were achieved in subsequent periods. The disclosure did not detail how much each factor contributed to the new increase. But it described third-quarter performance as continuing to be strong, linking that to electricity margins and German settlements.
The company also cited a one-off gain from the early termination of a rooftop lease agreement, which it recorded under other operating income. This item differs from sources of recurring operating performance, as it relates to a specific event that may not recur in future periods. The company also attributed part of the revision to October electricity sales that came in above expectations, driven by higher prices. The update thus combined third-quarter performance, an exceptional gain and improved sales in the following month. The company did not specify the value of the one-off gain or the size of the increase in sales, nor did it detail the impact of either on EBITDA or cash flow per share.
The company had reaffirmed in its half-year report its 2026 revenue forecast of €66.5 million, EBITDA of €50 million and cash flow per share of €0.50. The previous EBITDA estimate was based on an assumption that the first half would generate €27 million. But actual EBITDA for that period was €28.9 million, exceeding the company's plan for the first half. EBITDA in the first half of the previous year was €32.8 million, and the company attributed the annual decline to lower solar irradiation and unfavorable swap contract terms. These figures provide context for the forecasts the company has now raised, while the comparison between the half-year results and previous annual guidance remains tied to the periods specified by the company.
In its first-half data, the company said the number of hours with negative prices in the German market fell 24% to 295 hours, from 389 hours in the same period a year earlier, despite a 10.8% increase in German solar power feed-in. This development adds context to the electricity market conditions in which the group operates, alongside the latest disclosure's reference to strong trading margins in Belgium and October sales supported by higher prices. The nine-month results remain the next milestone on the company's calendar, with publication scheduled for 24 November 2026. Those results will show performance for the period following the first half, as EBITDA and cash flow per share guidance now stand above the estimates in the half-year report. The company did not provide a new annual revenue figure or additional numerical details on the contribution of the cited factors in its guidance update.