Umweltkontor Renewable Energy AG
Umweltkont. Renew. Energy english
Umweltkontor acquires Ecomill Windpark Beteiligungs- und Verwaltungs GmbH
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Umweltkontor acquires Ecomill Windpark Beteiligungs- und Verwaltungs GmbH
Umweltkontor now market leader for management of wind farms
Umweltkontor Renewable Energy AG, Erkelenz, has acquired a 100% interest in
Ecomill Windpark Beteiligungs- und Verwaltungs GmbH and is now the German market
leader for the management of closed-end wind energy funds.
Together with the purchase of Ecomill GmbH, Umweltkontor AG has acquired seven
fund management and owner companies for its commercial and technical wind farm
operations. These seven companies include 53 wind energy turbines with an
investment volume of around EUR50 million. In addition, Umweltkontor AG’s wind
farm operations have acquired a further 24 Ecomill GmbH wind energy turbines.
This means that Umweltkontor is now responsible for a total of more than 3,000
investors, managing 59 companies and owner communities with over 300 wind energy
turbines, 280 megawatts and a total fund volume in excess of EUR350 million.
Thanks to the acquisition of Ecomill GmbH, the Services division can continue to
boost its share in total company sales and profits. Sales amounting to EUR10
million with a lucrative EBIT margin of around 25% are now forecast for 2005.
Umweltkontor’s Services division focuses primarily on generating long-term
revenue, which is laid down by contract and can therefore be planned.
As part of the expansion of the Services division, Umweltkontor is increasingly
establishing on-site maintenance and service teams for its wind energy turbines,
with the aim of further optimizing their performance. This is one more link in
Umweltkontor’s value chain, now making it a full service provider for the wind
energy industry.
Contact:
Umweltkontor Renewable Energy Aktiengesellschaft
Investor Relations
Phone: +49 (0) 2431/9452-304
Fax: +49 (0) 2431/9452-216
e-mail: ir@umweltkontor.com
http://www.umweltkontor.com
end of ad-hoc-announcement (c)DGAP 18.06.2002
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WKN: 760810; ISIN: DE0007608101; Index: NEMAX 50
Listed: Neuer Markt Frankfurt, Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München Stuttgart
180811 Jun 02
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