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    DGAP-News  571  0 Kommentare Energiekontor AG: Energiekontor stays on its growth path with a further increase in earnings





    DGAP-News: Energiekontor AG / Key word(s): Final Results


    Energiekontor AG: Energiekontor stays on its growth path with a further increase in earnings


    11.04.2017 / 08:17



    The issuer is solely responsible for the content of this announcement.



    Bremen-based project developer Energiekontor AG publishes its 2016 annual results



    Energiekontor stays on its growth path with a further increase in earnings



    Bremen, 11 April 2017. Energiekontor AG has once again achieved a considerable increase in earnings in the 2016 financial year. While Group revenue increased by 5 percent to EUR 201.8 million (previous year: EUR 191.3 million), consolidated income before taxes (EBT) climbed nearly 20 percent to EUR 35.5 million (previous year: EUR 29.7 million). At EUR 25.3 million, consolidated net income (previous year: EUR 20.9 million) saw a year-on-year increase of 21 percent.



    At the level of the AG, Energiekontor generated net income of EUR 28.7 million, thus 55 percent above the previous year's level (EUR 18.5 million). The Management and the Supervisory Board will once again suggest a dividend of EUR 0.80 per share at the General Meeting on 23 May 2017.



    The positive performance was mainly driven by the new wind farm in Hürth near Cologne, which had already been completed in the first half of 2016, and also three repowering projects (Debstedt and Breitendeich in Lower Saxony, and Grevenbroich in North Rhine-Westphalia). In addition, another solar park, the Nadrensee project, which Energiekontor had won in the first auction round in 2015, was completed and sold. Furthermore, the British Gayton le Marsh wind farm, which had already been completed at the end of 2015, was sold, and the proceeds were used to prematurely repay the loans for Group-owned wind farms, which in turn contributed to the increase in the Group equity ratio to more than 19 percent.

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    DGAP-News Energiekontor AG: Energiekontor stays on its growth path with a further increase in earnings DGAP-News: Energiekontor AG / Key word(s): Final Results Energiekontor AG: Energiekontor stays on its growth path with a further increase in earnings 11.04.2017 / 08:17 The issuer is solely responsible for the content of this announcement. …

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