EQS-News

Daldrup & Söhne AG increases EBIT by 15.3 % in H1 - Seite 2

 

Andreas Tönies, CEO of Daldrup & Söhne AG, comments on the half-year result: "The demand for drilling services for geothermal projects is increasing significantly. With the law on municipal heat planning, municipalities and municipal utilities have an obligation to decarbonise the heat supply quickly. Geothermal energy can provide and store renewable, base-load heat in most regions of Germany: be it from deep or medium-deep reservoirs and aquifers, be it with geothermal probes or via water-air heat pumps. But one thing is clear: without expert drilling, geothermal heat and thermal water cannot be tapped and fed into the heating networks. This puts the drilling services of Daldrup & Söhne AG in a key position in the heat turnaround. The half-year result shows once again that we have further strengthened the operational earning power of the Daldrup Group. We are convinced that we can sustainably profit from the structural growth in the geothermal market from a good competitive position."

 

Order backlog of 38.0 million euros ensures capacity utilization until well into 2024

The order situation in all business areas of Daldrup & Söhne AG is good. As of the end of September 2023, the order backlog reaches around 38.0 million euros (previous year 27.1 million euros). This means that the drilling business will be utilised until well into 2024. The processed market volume of around 245 million euros (previous year 136 million euros), assessed with probabilities of occurrence and relevant for Daldrup, as a prospect of possible order backlogs in the coming financial years, also indicates that business will continue to develop satisfactorily overall.

 

Demand for exploratory drilling and drilling for geothermal power and heat projects remains brisk in the DACH region and Benelux. Thus, further geothermal projects in Munich and in the neighbouring Alpine region are scheduled for drilling by Daldrup & Söhne AG in the next quarters. The interest of North German municipalities and public utilities has also increased significantly after the successful geothermal expansion of the heat supply in Schwerin, which Daldrup has developed with two boreholes. The special feature there is the combination of the extracted thermal water with large heat pumps.