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MarketScreener Homepage  >  Equities  >  Xetra  >  Daldrup & Soehne AG    4DS   DE0007830572

DALDRUP & SOEHNE AG

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Daldrup & Söhne AG: Successful test operation and stable power production in Taufkirchen geothermal power plant

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03/23/2018 | 08:55am EDT

DGAP-Ad-hoc: Daldrup & Söhne AG / Key word(s): Miscellaneous
Daldrup & Söhne AG: Successful test operation and stable power production in Taufkirchen geothermal power plant

23-March-2018 / 13:50 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of insider information
pursuant to Article 17 MAR

 

Daldrup & Söhne AG: Successful test operation and stable power production in Taufkirchen geothermal power plant

Grünwald / Ascheberg, 23 March 2018 - The geothermal power plant of GeoEnergie Taufkirchen GmbH & Co. KG, a subsidiary of the drilling technology and geothermal specialist Daldrup & Söhne AG (ISIN DE0007830572), has started electricity production in Taufkirchen.

The first feed-in was preceded by successfully completed system tests of the components of the power generation plant in recent days. This means that, for the first time and in parallel to the district heating supplied to the communities of Taufkirchen and Oberhaching, environmentally friendly electricity generated at the power plant will now be fed into the public grid.

With the weather-related decline in district heating production, the power production of the plant is being ramped up further. A further heat exchanger will be connected in the second half of 2018. Thus, from today's perspective electricity production will then gradually switch to full load operation. For the further planning of the 2018 financial year, the management board assumes that corresponding feed-in revenues can be generated from power generation.

About Daldrup & Söhne AG
Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a corporate history spanning more than 70 years is a specialist provider of drilling and environmental services and ranks as one of the leading companies in Germany. Its activities are divided into the business divisions Geothermics, Raw Materials & Exploration, Water Extraction as well as Environment, Development & Services (EDS). The Geothermics business division provides drilling services for near-surface geothermics (especially geothermal probes of heat pumps), along with drilling services for deep geothermics up to 6000 m, in order to utilise the geothermal energy accessible in this way for electricity and/or heat generation. In the Raw Materials and Exploration business division, the bores made by Daldrup & Söhne AG serve for exploring and developing fossil fuel deposits (especially coal and gas) as well as mineral resources and ores (e.g. copper and gold). The Water Extraction business division comprises well construction for the extraction of drinking, service, curative, mineral, boiler-feed or cooling water as well thermal brine. The Environment, Development & Services (EDS) business division comprises special environmental engineering services such as the hydraulic clean-up of contaminated sites, the drilling of gas extraction wells for recovering waste dump gas, the provision of groundwater quality measuring points or the installation of water purification plants.

The majority stake in Geysir Europe GmbH also gives the Daldrup Group its own fields of experience in the exploration of geothermal energy in the Bavarian Molasse Basin and in the Upper Rhine Plain. The existing project management and power station expertise means that all stages of value creation can be covered for a deep geothermics project.

The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment in the open market of the Frankfurt Stock Exchange).

Disclaimer
This publication represents neither an offer for sale nor a call to submit a tender for the purchase or underwriting of securities. This publication and the information it contains is not intended for direct or indirect dissemination in or within the United States of America ("USA"), Canada, Australia or Japan.




Contact:
Daldrup & Söhne AG
Falk v. Kriegsheim
Fon +49 (0)2593-9593-29
ir@daldrup.eu
www.daldrup.eu

Bavariafilmplatz 7
82031 Grünwald/Geiselgasteig

23-March-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Daldrup & Söhne AG
Bavariafilmplatz 7 / Gb. 32
82031 Grünwald/Geiselgasteig
Germany
Phone: +49 (0) 89 / 45 24 37 920
Fax: -
E-mail: info@daldrup.eu
Internet: www.daldrup.eu
ISIN: DE0007830572
WKN: 783057
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange

 
End of Announcement DGAP News Service

668123  23-March-2018 CET/CEST

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© EQS 2018
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Financials (€)
Sales 2018 34,0 M
EBIT 2018 1,80 M
Net income 2018 -
Debt 2018 47,0 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019 29,60
EV / Sales 2018 2,69x
EV / Sales 2019 2,29x
Capitalization 44,3 M
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Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 14,3 €
Spread / Average Target 93%
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Managers
NameTitle
Josef Daldrup Chairman-Management Board, CEO & CFO
Wolfgang Clement Chairman-Supervisory Board
Wolfgang Quecke Member-Supervisory Board
Joachim Heinrich Oskar Rumstadt Member-Supervisory Board
Falk von Kriegsheim Investor Relations & Press Contact
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