EQS-News

ABO Wind’s net profit reaches new heights

EQS-News: ABO Wind AG / Key word(s): Annual Results/Annual Report ABO Wind’s net profit reaches new heights 14.03.2023 / 09:02 CET/CEST The issuer is solely responsible for the content of this announcement. ABO Wind’s net profit reaches new heights

The ABO Wind Group generated a profit after tax of 24.6 million euros in 2022 (previous year: 13.8). For the first time, the annual surplus exceeded the threshold of 20 million euros. The company aims to continuously achieve annual surpluses of more than 20 million euros from now on. The goal is to further increase net profits in the medium term.

In the 2016 financial year, ABO Wind had generated a net profit of more than ten million euros for the first time. This was also achieved in the following five years. Until a few months ago, the Managing Board had assumed to achieve more than 20 million euros for the first time in 2024. In an ad-hoc announcement published on 1 December 2022, ABO Wind announced a profit expectation of 22 to 26 million euros for 2023. In another ad-hoc announcement published on 24 January 2023, the profit forecast for 2022 was again raised to 20 to 25 million euros. The annual report published today in German (www.abo-wind.com/de/unternehmen/geschaeftsberichte.html) confirms this forecast. The English version of the annual report is expected to be available at the beginning of April and will be published here (www.abo-wind.com/en/company/annual-reports.html).

A turning point for renewable energies

The Russian war of aggression is causing terrible suffering in Ukraine. It has also triggered an energy crisis, especially in Europe. As a reaction to the crisis, policymakers at different levels are accelerating the expansion of renewable energies. ABO Wind is working on approximately 700 projects worldwide to help shape a reliable and climate-friendly energy supply with wind energy, photovoltaics, and storage systems. "In the current environment, our projects are more in focus than ever," says Managing Director Dr Karsten Schlageter. "This turning point is strengthening the growth of our company. It is becoming apparent that wind and solar projects are being approved more quickly and are therefore gaining in value."