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Daldrup & Söhne AG increases EBIT by 15.3 % in H1

EQS-News: Daldrup & Söhne AG / Key word(s): Half Year Report/Research Update Daldrup & Söhne AG increases EBIT by 15.3 % in H1 11.10.2023 / 12:56 CET/CEST The issuer is solely responsible for the content of this announcement. CORPORATE NEWS

 

 

 

Daldrup & Söhne AG increases EBIT by 15.3 % in H1

 

- Group total operating performance increased by 36.0 % to 24.1 million euros

- Group EBIT of 1.4 million euros again above previous year (1.2 million euros)

- Order situation comfortable, Group order backlog at 38.0 million euros at the end of September

- Solid equity ratio of 57.0 %

- Group forecast 2023 confirmed: total output of around 41 million euros, EBIT margin of 3 % to 5 % of total output

 

Oberhaching / Ascheberg, 6 October 2023 - The drilling technology and geothermal specialist Daldrup & Söhne AG (ISIN DE0007830572) achieved a total output of 24.1 million euros at group level in the first half of 2023 (previous year 17.7 million euros). The Group improved its half-year earnings before interest, taxes, depreciation and amortisation (EBITDA) as of 30 June to EUR 2.7 million (EUR 2.4 million). At group level, Daldrup achieved earnings before interest and taxes (EBIT) of EUR 1.4 million (EUR 1.2 million), which corresponds to a margin of 5.9 % (7.0 %) in relation to total output. Group net income for the half-year (EAT) amounted to 0.7 million euros (0.4 million euros). This results in earnings per share (EPS) of 12 cents (7 cents).

 

Despite the generally weak economic environment, the first half of 2023 was characterised by a positive operative development in all business areas for Daldrup & Söhne AG. To date, Daldrup & Söhne AG has invested around 0.5 million euros in its core business to increase efficiency. In the medium term, profitability is also to be sustainably improved in this way.