DGAP-News: ABO Wind AG / Key word(s): Preliminary Results ABO Wind AG: Preliminary figures show higher net profit for 2020 2021-02-22 / 17:42 The issuer is solely responsible for the content of this announcement. =---------------------------------------------------------------------------------------------------------------------- Preliminary figures show higher net profit for 2020 - Net profit increased by 1.7 to 13.1 million euros - Equity ratio rises to 56 percent As expected, ABO Wind has achieved a good result in the 2020 financial year. According to preliminary figures, the group's net profit increased by 1.7 to 13.1 million euros compared to 2019. The publication of the complete and audited financial statement, consolidated as well as individual, is planned for Monday, 15 March. "Even though there may still be corrections to the figures during the current audit work, it is apparent that the positive business development has continued despite restrictions and delays associated with the COVID-19 pandemic," says Managing Board member Dr Jochen Ahn. The annual financial statement shows that ABO Wind is still on the right track to contribute to the energy transition in an increasing number of countries and remain economically successful at the same time. With good annual results and capital increases, ABO Wind has created the conditions for commissioning much larger wind and solar farms in the future. At 56 percent, the equity ratio is currently at a high level and offers the opportunity for further expansion of the business activities. Contact: Alexander Koffka Phone: +49 (0)611 267 65-515 Fax: +49 611 267 65-599 E-Mail: alexander.koffka@abo-wind.de =---------------------------------------------------------------------------------------------------------------------- 2021-02-22 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de =---------------------------------------------------------------------------------------------------------------------- Language: English Company: ABO Wind AG Unter den Eichen 7 65195 Wiesbaden Germany Phone: +49 (0)611 26 765 0 Fax: +49 (0)611 26 765 5199 E-mail: global@abo-wind.de Internet: www.abo-wind.de ISIN: DE0005760029 WKN: 576002 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange EQS News ID: 1170171 End of News DGAP News Service =------------
1170171 2021-02-22
(END) Dow Jones Newswires
February 22, 2021 11:44 ET (16:44 GMT)