EQS-News

Daldrup & Söhne AG increases EBIT by 15.3 % in H1 - Seite 3

 

Executive Board confirms forecast for the 2023 business year

Assuming that the current drilling projects can be settled on schedule by the end of the year, the Executive Board confirms the Group's forecast for the 2023 financial year: Given the current order situation and continued utilization of crews and drilling rigs, the management expects to achieve a total output of around €41°m with an EBIT margin of between 3°% and 5°%. In today's research update, SMC-Research basically confirmed the previously existing price forecast EUR 11.80 with a price target of EUR 11.40 and issued a "buy" recommendation.

 

Notice:

The published consolidated half-year report as of 30.06.2023 with further details on the business and earnings development as well as the research update by SMC-Research are available for download at www.daldrup.eu under Investor Relations.

 

About Daldrup & Söhne AG

Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a company history of more than 75 years is a specialised provider of drilling and environmental services and is positioned among the leading companies in Germany. Its activities are divided into the business areas Geothermal, Resources & Exploration, Water Extraction and Environment, Development & Services (EDS). In the Geothermal Energy business sector, drilling services are provided both for near-surface geothermal energy (especially geothermal probes for heat pumps), but above all also drilling services for deep geothermal energy of up to 6,000 m, in order to use the geothermal energy thus accessible for the generation of electricity and/or heat. In the Raw Materials and Exploration business sector, the wells drilled by Daldrup & Söhne AG are used for exploration as well as mineral raw materials and ores (e.g. copper and gold). This division also provides drilling services in the context of finding a safe final repository for nuclear waste. The Water Extraction business area includes well construction for the extraction of drinking, industrial, medicinal, mineral, boiler feed or cooling water as well as thermal brine. The business area Environment, Development & Services (EDS) comprises special environmental engineering services such as the hydraulic remediation of contaminated sites, the construction of gas extraction wells for the extraction of landfill gas, the construction of groundwater quality measuring points or the construction of water purification plants.