ABO Energy GmbH & Co. KGaA
ISIN: DE0005760029
WKN: 576002
11 December 2024 10:58AM

EQS-News: ABO Energy connects 20 MW Solar Farm to the Hungarian Grid

ABO Energy GmbH & Co. KGaA · ISIN: DE0005760029 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2049005

EQS-News: ABO Energy GmbH & Co. KGaA / Key word(s): Market Report
ABO Energy connects 20 MW Solar Farm to the Hungarian Grid

11.12.2024 / 10:58 CET/CEST
The issuer is solely responsible for the content of this announcement.


ABO Energy connects 20 MW Solar Farm to the Hungarian Grid

ABO Energy recently inaugurated a 20 megawatts solar farm in Hungary, after having connected it to the grid. The project near the city of Szarvas in the Southeast of the country is the biggest project ABO Energy has developed and constructed in Hungary to date. The sale is planned for the first half year of 2025.

ABO Energy started developing the project in 2021. Until the end of 2023, the local team secured the land, the grid connection, and obtained all permits. The construction started in 2024 and was finished in October. “We are proud of this project success and thank all our colleagues for their great commitment. We also thank the municipality and local authorities for the good and fruitful cooperation”, said András Kósa, General Manager of ABO Energy Hungary, in his inauguration speech. The solar farm will produce 38.000 megawatt hours of green power per year, which is enough to supply 12.600 households.

Besides the project in Szarvas, ABO Energy is currently constructing three other projects in Hungary. Two solar farms near Szolnok with a total of 14 megawatts are almost completely constructed and prepared to be connected to the grid this winter. Additionally, the 12-megawatt solar farm Karcag is currently under construction and expected to be in the mechanical completion phase in December. The grid connection is planned for February 2025. Apart from these constructions, ABO Energy sold the project rights for the 250-megawatt solar farm Balotaszállás in April this year. Another solar project with 9 megawatts near Szakoly is in commercial operation since April and is planned to be sold in 2025.

The Hungarian subsidiary of ABO Energy was founded in 2019. With the development of more than 500 MW and partial construction, 2024 marks the most successful year since the market entry. In total, five projects have been connected to the grid this year. Due to these successes, the local Hungarian team has grown to more than 25 employees.



11.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: ABO Energy GmbH & Co. KGaA
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, DE000A3829F5
WKN: 576002, A3829F
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 2049005

 
End of News EQS News Service

2049005  11.12.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 150,26 126,27 149,16 127,11 231,66 299,69 320,00
EBITDA1,2 33,09 27,70 34,51 30,52 65,99 59,34 52,50
EBITDA-Margin3 22,02 21,94 23,14 24,01 28,49 19,80 16,41
EBIT1,4 22,89 19,72 22,20 28,59 43,10 42,64 36,00
EBIT-Margin5 15,23 15,62 14,88 22,49 18,61 14,23 11,25
Net Profit (Loss)1 12,76 11,41 13,12 13,80 24,59 27,22 22,60
Net-Margin6 8,49 9,04 8,80 10,86 10,62 9,08 7,06
Cashflow1,7 -28,11 -21,80 42,47 -50,74 -13,85 -62,99 0,00
Earnings per share8 1,67 1,34 1,42 1,50 2,67 2,96 3,04
Dividend per share8 0,42 0,42 0,45 0,49 0,54 0,60 0,45
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Rödl & Partner

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
ABO Energy
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
576002 DE0005760029 GmbH & Co. KGaA 322,73 Mio € 24.09.2012 Kaufen 9F2C36W7+8X
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
10,00 17,00 0,59 17,49 1,72 -5,12 1,08
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,54 0,60 0,45 1,29%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
27.05.2025 30.08.2024 31.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-4,37%
35,00 €
ATH 96,00 €
-14,69% -28,29% -14,84% -17,06% +270,37%

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