DGAP-News: Daldrup & Söhne AG / Key word(s): Annual Results/Forecast 
Daldrup & Söhne AG with operationally successful business year 2020 
2021-06-01 / 07:00 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
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 
As announced on 11 February 2021, the equity ratio in the Group is a comfortable 47.3 % of the balance sheet total 
(previous year 50.3 %). Overall, the debt reduction of the Daldrup Group was consistently continued in the reporting 
year and liabilities were significantly reduced to 19.0 million euros (previous year 21.2 million euros). 
Interest-bearing liabilities to banks were reduced as planned to Euro 7.7 million (previous year Euro 8.7 million). 
As of the balance sheet date, receivables from customers and cash and cash equivalents increased significantly to Euro 
4.0 million (previous year Euro 2.4 million) and Euro 3.0 million (previous year Euro 2.7 million) respectively. Trade 
payables were significantly reduced from 6.9 million euros in the previous year to 5.2 million euros, despite an 
increase in total output. 
Executive Board confident for the 2021 financial year 
With the sale of the Group subsidiary Geysir Europe GmbH including its holdings in the geothermal power plants 
Taufkirchen and Landau, which was completed in January 2020, Daldrup & Söhne AG used the financial and operational room 
for manoeuvre it gained in the reporting year to strengthen its resources in the drilling business and drive forward 
its realignment. The aim is to increase efficiency and the quality of results on a permanent and business-specific 
basis. 
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 EUR43 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 
The Annual Report 2020 is available for download at https://daldrup.eu/de/ir/ under Company Reports 2021. 
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 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. 
Press & Investor Relations contact 
Daldrup & Söhne AG 
Falk v. Kriegsheim 
Fon +49 (0)2593-9593-29 
Fax +49 (0)2593-9593-60 
Bajuwarenring 17a ir@daldrup.eu 
82041 Oberhaching www.daldrup.eu 
=---------------------------------------------------------------------------------------------------------------------- 
2021-06-01 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:      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 
=------------

1202858 2021-06-01


 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1202858&application_name=news

(END) Dow Jones Newswires

June 01, 2021 01:01 ET (05:01 GMT)