DGAP-News

ABO Wind AG: Good figures for the first half of 2022

DGAP-News: ABO Wind AG / Key word(s): Half Year Report/Half Year Results ABO Wind AG: Good figures for the first half of 2022 31.08.2022 / 11:05 CET/CEST The issuer is solely responsible for the content of this announcement. ABO Wind presents good figures for the first half of 2022

• Surplus and total output increased by around 50 percent compared to the same period last year
• Pipeline of projects under development grows to more than 20 gigawatts
• With an additional 15 gigawatts, ABO Wind is flanking the development of green hydrogen production

ABO Wind looks back on a successful first half of 2022. At 9.6 million euros, the Group's surplus generated in this period is significantly higher than in the first half of 2021 (6.5 million euros). Total output also grew by around 50 per cent compared to the first half of the previous year. Revenue and increase in inventory add up to 127.3 million euros for the first six months of 2022 (first half of 2021: 83.9 million euros). "We are sticking to our forecast and continue to expect a consolidated profit for 2022 as a whole at least at the level of the previous year," said Managing Director Dr Karsten Schlageter. For the calendar year, the Managing Board currently does not expect such a significant increase in earnings as for the first half of the year. In 2021, the Group's net profit amounted to 13.8 million euros. The 2022 half-year report is available in German on the company’s website (https://www.abo-wind.com/de/unternehmen/geschaeftsberichte.html ), as are previous annual reports in English (https://www.abo-wind.com/en/company/annual-reports.html).

It is not only the latest key financial figures that document the continued successful business development. In the first half of the year, the company also succeeded in further expanding its development portfolio. ABO Wind is currently working worldwide on wind and solar parks and battery storage projects with a total output of more than 20 gigawatts. The development portfolio is shown on the homepage - broken down by country and maturity level: https://www.abo-wind.com/en/company/facts-figures.html. In addition, the company is working on further renewable energy projects with a total output of 15 gigawatts, mainly very large wind farms with several gigawatts of capacity, which are to supply electricity for a planned green hydrogen production.