2016 performance of wind and solar project developer from Bremen thus far on track
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.
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