Umweltkontor Renewable Energy AG
Umweltkont. Renew. Energy english
Umweltkontor preliminary results: clear increase in sales and EBIT in 2001
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Ad hoc disclosure
– Revenue up approximately 90 percent year-on-year, at EUR 164 million
– EBIT before goodwill at EUR 12 million
– Outlook for 2002: sales and earnings expected to rise by 30-50 percent
Despite the relatively difficult market situation during 2001, Erkelenz-based
Umweltkontor Renewable Energy AG increased sales by a good 90 percent to around
EUR 164 million (2000: EUR 87.2 million). EBIT before goodwill amounts to about
EUR 12 million (2000: EUR 6.3 million). Goodwill is at EUR 2 million. The
Company#s balance sheet discloses equity of EUR 76 million, an equity ratio of
50 percent.
The past fiscal year was the most successful in the Company’s short history. As
well as its own strong wind energy project pipeline, Umweltkontor’s interest in
mdp (Mitteldeutsches Planungsbüro Kutzeer & Schönfeld GmbH) contributed to the
good results.The main reason for the deviation in sales and EBIT compared to
former prognoses was the postponement of wind farm projects in Germany and of
biomass projects until 2002. For 2002, the Company’s Executive Board is
anticipating a revenue growth of between 30 and 50 percent, with rising earnings
margins. This forecast is based on the healthy growth prospects for the Company
and sector, but also takes into account general market uncertainty.
Umweltkontor will present details of its consolidated financial statements for
2001 on March 26, 2002 at its financials press conference in Frankfurt.
Contact:
Umweltkontor Renewable Energy Aktiengesellschaft
Brüsseler Allee 23
41812 Erkelenz
Germany
Tel: +49 (0)2431-94 52-304/-302 Fax: +49 (0)2431-94 52-199
e-mail: ir@umweltkontor.com – http://www.umweltkontor.com
End of disclosure
end of ad-hoc-announcement (c)DGAP 01.03.2002
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WKN: 760810; ISIN: DE0007608101; Index: NEMAX 50
Listed: Neuer Markt Frankfurt, Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München Stuttgart
011304 Mär 02
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