EQS-News

Daldrup & Söhne AG significantly increases EBIT result in H1 2022

EQS-News: Daldrup & Söhne AG / Key word(s): Half Year Results/Half Year Report Daldrup & Söhne AG significantly increases EBIT result in H1 2022 30.09.2022 / 06:55 CET/CEST The issuer is solely responsible for the content of this announcement. CORPORATE NEWS

 

 

 

 

Daldrup & Söhne AG significantly increases EBIT result
in H1 2022

 

• Group total output of 17.7 million euros
• Group EBIT of 1.2 million euros significantly above previous year's level
• Satisfactory order situation, Group order backlog at 27.1 million euros as of mid-September
• Robust equity ratio of 49.5 percent
• Group forecast 2022 confirmed overall: total operating revenue of around 42 million euros, EBIT margin of 4 % to 6 % of total operating revenue

 

Oberhaching / Ascheberg, 30 September 2022 - The drilling technology and geothermal specialist Daldrup & Söhne AG (ISIN DE0007830572) achieved a total output of 17.7 million euros at group level in the first half of 2022 (previous year 22.9 million euros). The Group improved its half-year earnings before interest, taxes, depreciation and amortisation (EBITDA) as of 30 June to 2.4 million euros (1.8 million euros). The group achieved earnings before interest and taxes (EBIT) of 1.2 million euros (0.6 million euros). The EBIT includes about 400 kEUR from the sale of power plant components of the Kalina technology. The Group's net income for the half year (EAT) amounted to 0.4 million euros (0.4 million euros). This results in earnings per share (EPS) of unchanged 7 cents (7 cents).

 

For Daldrup & Söhne AG, the first half of 2022 was characterised by a positive operative development in all business areas despite the deteriorating general economic environment. Around 0.4 million euros were invested in the core business for new drilling rigs and in operating and office equipment. With these investments, the company intends to increase the efficiency of its drilling activities - also against the background of continuing scarce personnel resources. Profitability is to be improved with targeted investments and further measures.