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    EKT   DE0005313506

ENERGIEKONTOR AG

(EKT)
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PRESS RELEASE : Energiekontor with strong annual result in 2020

03/31/2021 | 01:32am EDT
DGAP-News: Energiekontor AG / Key word(s): Annual Results/Annual Report 
Energiekontor with strong annual result in 2020 
2021-03-31 / 07:30 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
- Sales, EBT and Group earnings increased very significantly in 2020 
- Strong growth in project pipeline 
- Proposed dividend: EUR 0.80 
- Optimistic outlook 
 
Energiekontor looks back on a very successful 2020 financial year in operational terms. All of the Group's key figures 
increased significantly. Sales rose to around EUR 135.1 million (2019: EUR 63.7 million), earnings before taxes (EBT) to 
around EUR 31.3 million (2019: EUR 0.8 million) and Group earnings to EUR 20.4 million (2019: EUR 0.2 million). 
In 2020, two wind farms and four solar farms with a cumulative capacity of 44 MW were commissioned. All of these four 
wind farms and solar parks were sold to investors. 
With the conclusion of further PPAs (power purchase agreements), Energiekontor once again lived up to its pioneering 
role in this area. A PPA for a 41.5 MW solar farm planned by Energiekontor in Mecklenburg-Western Pomerania was 
concluded with the French electricity supplier ENGIE, and a PPA for a 4.5 MW wind farm project in Wales was concluded 
with Welsh Water. 
Financial close was reached in the past year for seven wind farms and one solar farm with a total capacity of around 90 
MW. These projects are scheduled to be commissioned at the end of 2021/beginning of 2022. Energiekontor was very 
successful in the Federal Network Agency's tenders in 2020 and was awarded a total of 117.5 MW (wind & solar). 
Overall, Energiekontor made great progress in expanding and developing its project pipeline. Despite Corona and the 
associated contact restrictions, the pipeline was strongly expanded. This applies both to the established markets of 
Germany and the UK (with a focus on Scotland) and to the newer markets of France and the USA. Overall, the project 
pipeline has now been expanded to approx. 6,000 MW. 
Dividend proposal: EUR 0.80 
In view of the positive development of the 2020 financial year, the Supervisory Board and Management Board plan to 
submit a dividend proposal of EUR 0.80 per share to the Annual General Meeting on 20 May 2021. 
Encouraging prospects 
Due to the well-filled project pipeline and the progress recorded in the projects, the Management Board is optimistic 
that further earnings growth can be generated in the current financial year. From today's perspective, growth of 10-20% 
is expected. 
Annual Report 2020 
The annual report for the 2020 financial year was published today. It can be downloaded from the Company's website at 
www.energiekontor.de/en/investor-relations/financial-reports 
About Energiekontor AG: 
A solid business policy and a lot of experience in renewable energies: Energiekontor has stood for this for 30 years. 
Founded in Bremerhaven in 1990, the Company is one of the pioneers in the industry and is now one of the leading German 
project developers. The core business ranges from planning and construction to the operational management of wind farms 
in Germany and abroad and was expanded to include solar energy in 2010. In addition, Energiekontor operates wind and 
solar farms with a nominal output of almost 280 megawatts in its own portfolio. Energiekontor also aims to play a 
pioneering role in economic terms and to realise the first wind and solar parks in all target markets at market prices 
as quickly as possible, independently of state subsidies. 
In addition to its headquarters in Bremen, Energiekontor has offices in Bremerhaven, Hagen im Bremischen, Aachen, 
Augsburg, Bernau near Berlin and Potsdam. The Company also has offices in England (Leeds), Scotland (Edinburgh, 
Glasgow), Portugal (Lisbon), USA (Austin/Texas and Rapid City/South Dakota) and France (Toulouse, Rouen). 
The proud record since the Company was founded: 126 realised wind farms and 12 solar parks with a total output of over 
1 gigawatt. This corresponds to an investment volume of around 1.7 billion euros. 
The Company went public on 25 May 2000. The share of Energiekontor AG (WKN 531350 / ISIN DE0005313506) is listed in the 
General Standard of the German Stock Exchange in Frankfurt and can be traded on all German stock exchanges. 
Contact: 
Investor Relations / Press 
Peter Alex 
Tel.: +49 421 3304-126 
E-Mail: Peter.Alex@energiekontor.de 
www.energiekontor.de 
=---------------------------------------------------------------------------------------------------------------------- 
2021-03-31 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:      Energiekontor AG 
              Mary-Somerville-Straße 5 
              28359 Bremen 
              Germany 
Phone:        04 21/33 04-126 
Fax:          04 21/33 04-4 44 
E-mail:       ir@energiekontor.de 
Internet:     www.energiekontor.de 
ISIN:         DE0005313506 
WKN:          531350 
Listed:       Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1179935 
 
End of News   DGAP News Service 
=------------ 

1179935 2021-03-31

(END) Dow Jones Newswires

March 31, 2021 01:31 ET (05:31 GMT)

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Financials
Sales 2021 286 M 343 M 343 M
Net income 2021 31,7 M 38,0 M 38,0 M
Net Debt 2021 225 M 270 M 270 M
P/E ratio 2021 26,4x
Yield 2021 1,37%
Capitalization 829 M 993 M 993 M
EV / Sales 2021 3,68x
EV / Sales 2022 2,80x
Nbr of Employees 165
Free-Float 38,9%
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Mean consensus BUY
Number of Analysts 3
Average target price 80,80 €
Last Close Price 58,60 €
Spread / Highest target 56,0%
Spread / Average Target 37,9%
Spread / Lowest Target 12,6%
EPS Revisions
Managers and Directors
NameTitle
Peter Szabo Chairman-Management Board & CEO
Bodo Wilkens Chairman-Supervisory Board
Günter Lammers Deputy Chairman-Supervisory Board
Darius Oliver Kianzad Member-Supervisory Board
Alex Peter Head-Investor Relations
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