EQS-Adhoc

ABO Wind AG rises forecast for 2022 and 2023

EQS-Ad-hoc: ABO Wind AG / Key word(s): Forecast/Results Forecast ABO Wind AG rises forecast for 2022 and 2023 01-Dec-2022 / 10:12 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Today, the controlling department of ABO Wind AG presented the Managing Board an updated business planning. According to this, the 2022 financial year is developing better than previously expected. According to the current status, a consolidated result after taxes of almost 17 million euros is expected for the current year. The company had previously forecasted that it would at least achieve an annual result equal to that of the previous year (13.8 million euros). In their most recent publications, analysts from Metzler and First Berlin had estimated the 2022 annual result at 15 and 14.3 million euros respectively. For the following year, ABO Wind expects a further significant improvement in results. According to current business planning, the group's net profit in 2023 is expected to be between 22 and 26 million euros. Previously, ABO Wind had communicated its expectation of exceeding the threshold of 20 million euros in consolidated net profit for the first time in 2024. The reason for the now changed expectation regarding 2023 are project sales of already approved wind and solar parks in international markets that are in the pipeline for the next financial year. ABO Wind is aiming for individual sales due to the currently favourable market environment. Due to a high demand from investors for ready-to-build renewable energy projects, the price level is high. ABO Wind is in negotiations with several potential investors. A successful conclusion of the sales negotiations seems likely at the present time. However, if the sale does not materialise, the results forecast for 2023 would have to be reduced.   01-Dec-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

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Language:	English
Company:	ABO Wind AG
	Unter den Eichen 7
	65195 Wiesbaden
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.abo-wind.de
ISIN:	DE0005760029
WKN:	576002
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID:	1502637

End of Announcement	EQS News Service

1502637  01-Dec-2022 CET/CEST