Energiekontor AG

  • WKN: 531350
  • ISIN: DE0005313506
  • Land: Deutschland

Nachricht vom 30.12.2019 | 16:01

Energiekontor AG: Weather-related construction delays lead to profit postponement

Energiekontor AG / Key word(s): Forecast/Change in Forecast
Energiekontor AG: Weather-related construction delays lead to profit postponement

30-Dec-2019 / 16:01 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Due to the unsettled weather conditions in the last 14 days, especially due to the persistently strong wind, no wind turbine of the wind farm of Energiekontor AG in North Rhine-Westphalia, which is decisive for the amount of the consolidated EBT 2019 and is still under construction, can be completed and commissioned by the end of the year as planned despite all efforts and a multi-shift operation from today's perspective. This means that the entire earnings contribution in the double-digit million range will be postponed until next year and the Group EBT 2020 will increase accordingly. Until now, it was still to be assumed that at least individual wind turbines of the wind farm in question could be commissioned by the end of the year with an effect on earnings. This is no longer possible from today's perspective due to the continuing strong wind at the site. Due to this unplanned weather-related delay in construction and the resulting shift in profits, Group EBT for 2019 will in all probability be negative.


Contact:
Peter Alex
Head of Investor Relations

Energiekontor AG
Mary-Somerville-Straße 5
28359 Bremen
Germany

Tel.: +49 421-3304-126
Fax: +49 421-3304-444
ir@energiekontor.com

30-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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