Daldrup & Söhne AG generates EBIT margin of 10.3% in H1 2024 and raises annual forecast

EQS-News: Daldrup & Söhne AG / Key word(s): Change in Forecast Daldrup & Söhne AG generates EBIT margin of 10.3% in H1 2024 and raises annual forecast 29.08.2024 / 06:50 CET/CEST The issuer is solely responsible for the content of this announcement. CORPORATE NEWS

 

 

 

 

Daldrup & Söhne AG generates EBIT margin of 10.3% in H1 2024 and raises annual forecast

 

• - Total operating performance of € 29 million, up 20% on the previous year
• - EBIT of € 3 million, up 110% on the previous year
• - New forecast for 2024: total operating performance of € 50 million, EBIT margin between 7% and 9%

 

Oberhaching / Ascheberg, 29 August 2024 - According to preliminary, unaudited figures, Daldrup & Söhne AG (ISIN DE0007830572), the drilling technology and geothermal specialist, generated total output of EUR 29.1 million in the first half of 2024 (as at 30 June). This corresponds to an increase of 20.8% compared to the first half of the previous year. The EBIT margin reached a value of around 10.3% (previous year: 5.9%). Group EBIT amounts to around EUR 3 million and is thus 110 per cent higher than in the previous year. The Executive Board is raising its forecast for the 2024 financial year due to the good performance of the drilling business and a dynamic market development driven by municipal heating planning: Total operating performance is expected to reach around EUR 50 million (previously: EUR 47 million). The Executive Board expects the EBIT margin to be between 7% and 9% (previously: 5% to 7%) of total operating performance.

 

CEO Andreas Tönies on raising the forecast: ‘Our confidence is based on continued good demand and a large number of measures with which we have streamlined our operating business in the last two years and made it significantly more efficient. We have also been able to reduce our risk exposure in the drilling business. The resulting effects will have a sustained positive impact on the earnings margin.’