DGAP-News

Daldrup & Söhne AG: Analysts confirm good corporate development

DGAP-News: Daldrup & Söhne AG / Key word(s): Research Update Daldrup & Söhne AG: Analysts confirm good corporate development 10.04.2017 / 07:30 The issuer is solely responsible for the content of this announcement. CORPORATE NEWS

Daldrup & Söhne AG: Analysts confirm good corporate development

Grünwald / Ascheberg, 10 April 2017 - The research firm SMC-Research GmbH has raised its price target for the drilling technology and geothermics specialist Daldrup & Söhne AG (ISIN DE0007830572), while equinet Bank AG has confirmed its price target. After successfully concluding contracts for geothermal drilling in Geretsried and Bad Bellingen with an order volume of over 20 million euros as well as the commissioning of new heat exchangers for the geothermal power plant Taufkirchen, SMC-Research has raised its price target for Daldrup shares from 12.15 euros to 13.70 euros (hold). equinet analyst Winfried Becker confirms his price target of 9.50 euros with a purchase recommendation. This is because he regards the company as being on a good course in the medium term towards becoming a medium-sized energy supplier with a more stable turnover and cash-flow basis from the revenue generated by the sale of electricity and heat from geothermal power stations. For analyst Holger Steffen at SMC-Research too, the future power station operation is the key to the purchase recommendation.

The research documents are available for downloading from the Daldrup Homepage at
http://www.daldrup.eu/de/ir/.

About Daldrup & Söhne AG

Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a corporate history spanning more than 60 years is a specialist provider of drilling and environmental services and ranks as one of the leading companies in Germany. Its activities are divided into the business divisions Geothermics, Raw Materials & Exploration, Water Extraction as well as Environment, Development & Services (EDS). The Geothermics business division provides drilling services for near-surface geothermics (especially geothermal probes of heat pumps), along with drilling services for deep geothermics up to 6000 m, in order to utilise the geothermal energy accessible in this way for electricity and/or heat generation. In the Raw Materials and Exploration business division, the bores made by Daldrup & Söhne AG serve for exploring and developing fossil fuel deposits (especially coal and gas) as well as mineral resources and ores (e.g. copper and gold). The Water Extraction business division comprises well construction for the extraction of drinking, service, curative, mineral, boiler-feed or cooling water as well thermal brine. The Environment, Development & Services (EDS) business division comprises special environmental engineering services such as the hydraulic clean-up of contaminated sites, the drilling of gas extraction wells for recovering waste dump gas, the provision of groundwater quality measuring points or the installation of water purification plants.