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Energiekontor raises earnings forecast for 2023 financial year

Adhoc announcement from 15 December 2023

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014

Bremen, 15 December 2023 – Energiekontor AG (“Energiekontor”), a leading German project developer and operator of wind and solar parks listed in the General Standard, is raising the target range for Group EBT for the 2023 financial year in view of the positive development of its project business.

The Bremen-based company’s forecast, which was most recently confirmed on 13 November 2023, was for a 10 to 20 percent year-on-year increase in Group earnings before taxes (EBT) in the 2023 financial year (financial year 2022: 62.9 million euros). As a result of the successful sale of a wind park project in Scotland in particular, which has been completed today, Energiekontor currently expects Group EBT of between 80 and 100 million euros in the 2023 financial year. This equates to a rise in Group EBT of around 30 to 60 percent compared to the previous year.

The publication of the business figures for the 2023 financial year is planned for 28 March 2024.

Contact

Julia Pschribülla
Head of Investor & Public Relations
Phone: +49 (0)421-3304-126
Email: ir@energiekontor.com

Energiekontor AG
Mary-Somerville-Strasse 5
28359 Bremen
Germany

Phone: +49 (0)421-3304-0
Fax: +49 (0)421-3304-444
Email: info@energiekontor.de
Web: www.energiekontor.de/en/index.html