Daldrup & Söhne AG
Daldrup & Söhne AG increases revenues by 80%, EBIT by 18% in 2016
DGAP-News: Daldrup & Söhne AG / Key word(s): Final Results/Forecast CORPORATE NEWS
Daldrup & Söhne AG increases revenues by 80%, EBIT by 18% in 2016 – Revenues grew by 80% to 31.1 million Euros (previous year: 17.3 million Euros) – EBIT increased by 18% to 1 million Euros (0.8 million Euros) – Equity ratio continues to be solid at 50.4% (52.3%) – Forecast 2017: total output of 40 million Euros, EBIT margin of 2%-5% – Excellent order situation for all business divisions; full utilization of capacity until 2018 Grünwald / Ascheberg, Germany, 1 June, 2017 – The drilling technology and geothermics specialist Daldrup & Söhne AG (ISIN DE0007830572) posted certified group revenues of 31.1 million Euros for the 2016 fiscal year (2015:17.3 million Euros). Including increases in inventories worth 8.3 million Euros for work in progress, the total output rose to 39.5 million Euros (2015: 26.4 million Euros). This includes drillings for geothermal projects in the Netherlands and Germany as well as drillings for raw materials in Switzerland, which are still in progress and therefore have not yet been finally invoiced. The first half of the 2016 fiscal year saw a high number of contract negotiations with local authorities and investors regarding deep geothermal projects. In the second half of the year, the volume of the drilling business also increased substantially in the Raw Materials & Exploration business division. The growing demand was further boosted by amendments to Germany’s 2017 renewable energies law (EEG). Approved by parliament in summer 2016, the EEG 2017 provides investors with planning and legal certainty as well as a fixed feed-in tariff for the next couple of years as well as a funding period of 20 years. Daldrup posted consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) of 4.6 million Euros (2015: 4.5 million Euros). After scheduled depreciations of 3.6 million Euros (2015: 3.7 million Euros), the Daldrup group’s earnings before interest and taxes (EBIT) were 1 million Euros (2015: 0.8 million Euros). The EBIT margin based on total output was 2.4%. That means the Daldrup group has exceeded its forecast of a total output of 33 million euros for fiscal year 2016 while comfortably meeting the EBIT margin target of 2%-5%. Consolidated profits after financial results and taxes stood at 0.2 million Euros (2015: 0.2 million Euros). Earnings per share were 0.03 Euro, consistent with the previous year. Strong start into the 2017 fiscal year Operations at the geothermal power plants in Taufkirchen and Landau should start shortly Note: The consolidated financial statement and the 2016 annual report have been published as planned on May 31, 2017. They can be downloaded at http://www.daldrup.eu/de/ir/. About Daldrup & Söhne AG The majority stake in Geysir Europe GmbH also gives the Daldrup Group its own fields of experience in the exploration of geothermal energy in the Bavarian Molasse Basin and in the Upper Rhine Plain. The existing project management and power station expertise means that all stages of value creation can be covered for a deep geothermics project. The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment in the open market of the Frankfurt Stock Exchange). Disclaimer Press & Investor Relations Contact:
01.06.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Daldrup & Söhne AG |
Bavariafilmplatz 7 / Gb. 32 | |
82031 Grünwald/Geiselgasteig | |
Germany | |
Phone: | +49 (0) 89 / 45 24 37 920 |
Fax: | – |
E-mail: | info@daldrup.eu |
Internet: | www.daldrup.eu |
ISIN: | DE0007830572 |
WKN: | 783057 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt |
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