EQS-Adhoc: ABO Energy GmbH & Co. KGaA: Adjustment of the 2025 annual forecast

The Management Board of ABO Energy GmbH & Co. KGaA (“Company”) decided today that the annual forecast for 2025 needs to be adjusted. Previously, the Company had forecast a consolidated net income of between €29 million and €39 million for the current fiscal year and an increase in consolidated total output of between 5% and 30% based on the consolidated total output for fiscal year 2024 (€445.4 million). According to the current assessment of the Management Board, the Company will not achieve the forecast figures. Based on the current situation, the Management Board expects a consolidated net loss of around €95 million and consolidated total output of around €250 million for the current fiscal year.

The main reasons for the forecast adjustment are the particularly challenging national and international market environment. Among other things, the onshore wind auctions in Germany in fiscal year 2025 resulted in oversubscription and significantly reduced feed-in tariffs. In light of this, the annual forecast needs to be adjusted: On the one hand, the company's major wind projects have been postponed to fiscal year 2026. On the other hand, due to lower expectations for the level of feed-in tariffs awarded, revaluations and thus significant special write-downs had to be made. Even after this adjustment, the company still has a significant and valuable project portfolio.

The Management Board has launched a comprehensive efficiency and transformation program to adapt processes and structures as well as the country portfolio to the changed market environment and to return to positive consolidated net income as early as fiscal year 2026. In addition, the transformation to an independent power producer (IPP) model is being driven forward. The company is being supported in this by a renowned consulting firm.