Daldrup & Söhne AG
Daldrup & Söhne AG with operationally successful business year 2020
DGAP-News: Daldrup & Söhne AG
/ Key word(s): Annual Results/Forecast
CORPORATE NEWS
Daldrup & Söhne AG with operationally successful business year 2020 – Total output increases by 13.7 % to 47.5 million euros – EBIT significantly improved to +1.9 million euros after EBIT loss of 10.0 million euros in the previous year – As of end of April 2021, order backlog of Euro 24.3 million and promising order pipeline of Euro 94.6 million – Forecast 2021: Total output of 43 million euros, EBIT margin 2 % to 4% Oberhaching / Ascheberg, 1 June 2021 – In an environment marked by the Corona pandemic, drilling technology and geothermal specialist Daldrup & Söhne AG (ISIN DE0007830572) benefited from brisk demand for its services in the 2020 financial year. As a result, the Daldrup Group increased its total output by a pleasing 13.7% to Euro 47.5 million (previous year Euro 41.8 million), thus exceeding its forecast (around Euro 40 million). At 26.2 million euros, turnover from invoiced orders was above the previous year’s value (24.8 million euros). Group EBIT, calculated according to the German Commercial Code (HGB), also improved significantly to +1.9 million euros after -10.0 million euros in the previous year. Non-operating write-downs on the receivables from the companies of the Geysir Europe Group, which were sold at the beginning of 2020 (see ad-hoc and CN of 11 February 2021) and now have to be reported under financial assets, nevertheless led to a consolidated net loss of 5.2 million euros in the reporting year (previous year’s net loss 12.3 million euros). The loss per share (EPS) thus amounts to 0.87 euros (previous year’s loss 2.06 euros). Debt reduced as planned / liquidity improved Executive Board confident for the 2021 financial year The order backlog of 24.3 million euros at the end of April 2021 is already utilising the production capacities for the 2021 financial year. Individual larger orders extend far into the 2022 financial year. The order pipeline of 94.6 million euros also signals a continued vital interest in the services of the Daldrup Group. The Executive Board is confident that it will be able to convert parts of the order pipeline into further orders for all business areas. The Executive Board is confident that significant parts of the order pipeline, be it exploratory drilling for the storage of radioactive waste, be it old mine safety measures, will be converted into further orders. Interest in larger geothermal projects in the Molasse area near Munich or in northern Germany for heat supply also remains high. For the current financial year 2021, the Executive Board expects a Group total operating performance of around €43 million and an operating positive EBIT margin of between 2 % and 4 %. Despite the pleasing development of the company and the positive outlook, the Executive Board cannot rule out the possibility that the possible effects of a persistent or worsening corona pandemic in the current year will have a negative impact on the development of sales and earnings. Note About Daldrup & Söhne AG The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment in the open market of the Frankfurt Stock Exchange). Disclaimer Press & Investor Relations contact
01.06.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Daldrup & Söhne AG |
Bajuwarenring 17a | |
82041 Oberhaching | |
Germany | |
Phone: | +49 (0) 89 / 45 24 37 920 |
Fax: | – |
E-mail: | ir@daldrup.eu |
Internet: | www.daldrup.eu |
ISIN: | DE0007830572 |
WKN: | 783057 |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1202858 |
End of News | DGAP News Service |