DGAP-News: Energiekontor AG / Key word(s): Half Year Results
Energiekontor AG presents sound results for first half of the year
31.08.2016 / 18:34
The issuer is solely responsible for the content of this announcement.
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2016 performance of wind and solar project developer from Bremen thus far
on track
Energiekontor AG presents sound results for first half
of the year
Bremen, 31 August 2016. Energiekontor AG closed the first half of 2016 with
group revenue of EUR 43.3 million (previous year EUR 30.2 million) and
total output of EUR 55.6 million (previous year: EUR 67.6 million). Group
EBIT was 14.2 million in the first half of 2016 (previous year: EUR 12.3
million) and income from ordinary activities (EBT) came in at EUR 4.8
million (previous year: EUR 2.5 million). Earnings per share in the first
six months of the current financial year amounted to EUR 0.23 (previous
year: EUR 0.12).
Peter Szabo, CEO of Energiekontor AG, comments: "As in the previous years
and as usual for the wind energy sector, the majority of the profit
contribution is realised in the second half of a financial year. Although
we are happy of course with the positive performance in the 2016 financial
year thus far, the significance of the first half of the year for the full-
year results is limited. Achieving our full-year target, i.e. group
earnings at or slightly above the prior-year level, depends on all wind
farms already sold and still under construction going into operation by the
end of the year as planned, and that the sale of another large wind farm
can successfully be concluded in 2016."
The complete half-year report for 2016 is available online at
www.energiekontor.de/Finanzberichte.
About Energiekontor AG:
For the last 25 years, Energiekontor has stood for a sound approach to
business. Formed in Bremerhaven in 1990, the Company was one of the
pioneers in the industry and is now one of the leading German project
developers. The Company's core business covers the planning, construction
and operational management of wind farms in Germany and abroad, and was
expanded to include solar power in 2010. In addition, Energiekontor also
currently owns and operates 33 wind farms with a total rated power of
around 269 megawatts (MW).
In addition to its headquarters in Bremen, Energiekontor also maintains
offices in Bremerhaven, Hagen im Bremischen, Aachen, Bernau (near Berlin),
Dortmund and Neubrandenburg. The Company also has subsidiaries in England
(Leeds), Scotland (Glasgow), Portugal (Lisbon) and the Netherlands
(Nijmegen). Our track record speaks for itself: 102 wind farms completed
with around 580 turbines and a total rated power of just under 850 MW. This
corresponds to an investment volume of over EUR 1.3 billion.
The Company went public on 25 May 2000. Energiekontor AG (WKN 531350/ISIN
DE0005313506) is listed in the General Standard segment of the Frankfurt
Stock Exchange and the Energiekontor shares can be traded on all German
stock exchanges.
Contact:
Investor Relations/Press
Dr Stefan Eckhoff
Phone: (+49-421) 3304-0
Email: ir@energiekontor.de
Energiekontor AG / Reuters: EKT / ISIN: DE0005313506
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31.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Energiekontor AG
Mary-Somerville-Straße 5
28359 Bremen
Germany
Phone: 04 21/33 04-0
Fax: 04 21/33 04-4 44
E-mail: info@energiekontor.de
Internet: www.energiekontor.de
ISIN: DE0005313506
WKN: 531350
Listed: Regulated Market in Frankfurt (General Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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497887 31.08.2016
DGAP-News: Energiekontor AG presents sound results for first half of the year
| Source: EQS Group AG