Umweltkontor Renewable Energy AG
Ad hoc-Service: Umweltkont. Renew. Energy englis
Ad hoc announcement processed and transmitted by DGAP.
The issuer has the sole responsibility of this announcement.
——————————————————————————–
Umweltkontor resolves cash capital increase from authorized capital
Successful start to 2001 with impressive quarterly figures
The Executive Board and Supervisory Board of Umweltkontor Renewable Energy AG
have resolved a cash capital increase from authorized capital amounting to just
under 10% of existing share capital with subscription rights excluded.
In order to further encourage the company’s dynamic growth, the up to 780,000
new no-par value bearer shares will be offered for subscription to
institutional investors in the near future as part of a private placement and
at market prices. The capital increase will accelerate the completion of a well-
filled product pipeline totaling approximately 1,500 MW (including 740 MW off-
shore) worth EUR 2 billion in sales.
In addition, Umweltkontor plans to take the opportunity to acquire and begin
developing extensive projects totaling up to 1,000 MW (sales volume of about
EUR 1.2 billion) in its key target markets of Spain, Italy and Greece by the
end of the year. These projects are expected to be completed by 2005.
Furthermore, the capital increase will serve to finance the acquisition of
companies in Umweltkontor AG’s main European target markets.
The prospects of the Erkelenz-based full service provider for renewable
energies are already so good for the current year that Umweltkontor recently
raised its sales forecast for 2001 from EUR 149 million to EUR 182 million.
According to provisional figures, first quarter sales for 2001 total
approximately EUR 18 million, with EBIT remaining consistent. The new year,
which will be cyclical in nature due to project business, has already got off
to a flying start with a sales increase of over 100% as against the same period
last year.
Umweltkontor Renewable Energy Aktiengesellschaft,
Brüsseler Allee 23, 41812 Erkelenz
Investor Relations, Telefon: +49 (0)2431-9452-300/304, Fax: +49 (0)2431-9452 199
e-mail: ir@umweltkontor.com , http://www.umweltkontor.com
end of ad hoc announcement, (c) DGAP 27.04.2001
——————————————————————————–
WKN: 760810; Index:
Listed: Neuer Markt Frankfurt, Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München Stuttgart
270830 Apr 01
Latest News
Latest Reports
Upcoming Events
No Events found
Webcasts
No Webcasts found