ABO Energy GmbH & Co. KGaA
ISIN: DE0005760029
WKN: 576002
11 December 2024 05:01PM

EQS-News: Last German wind energy tender in 2024 crowns record year for ABO Energy

ABO Energy GmbH & Co. KGaA · ISIN: DE0005760029 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2049299

EQS-News: ABO Energy GmbH & Co. KGaA / Key word(s): Market Report
Last German wind energy tender in 2024 crowns record year for ABO Energy

11.12.2024 / 17:01 CET/CEST
The issuer is solely responsible for the content of this announcement.


Last German wind energy tender in 2024 crowns record year for ABO Energy

The results of this year's fourth and final tariff tender for wind energy projects announced today by the German Federal Network Agency crown a record year for ABO Energy: The Wiesbaden-based company's wind planners operating in Germany are pleased to have been awarded another four tariffs. The successful teams have secured tariffs for the wind farms Öhringen-Karlsfurtebene (Baden-Württemberg, five turbines, 24 megawatts), Himmighofen-Kasdorf (Rhineland-Palatinate, four turbines, 16.8 megawatts), Marpingen (Saarland, two turbines, 12 megawatts) and Nonnenholz (Baden-Württemberg, one turbine, 6.2 megawatts).

These wind farms are now ready to be implemented and will contribute to a climate-friendly energy supply from 2026. In total, the Federal Network Agency accepted 348 bids with a total output of 4.1 gigawatts in the fourth round of tendering. A total of 6.1 gigawatts had applied for tariffs. The tender was thus oversubscribed by 50 percent. The average award value of 7.15 cents per kilowatt hour was slightly lower than in the previous tender (7.33 cents). This development reflects the increased competition thanks to the growing number of permits.

In total, ABO Energy has secured tariffs for around 200 megawatts of wind energy capacity in Germany in 2024. This corresponds to an increase of around 30 percent compared to the previous year. The total of permits is even more impressive. With some permits yet to be expected at the end of the year, more than 300 megawatts of German wind energy capacity are likely to be approved in 2024. This represents almost a doubling compared to the previous record year of 2023 and even almost a tripling compared to 2022.

"In addition to the great commitment of our teams, the amendments to planning and permitting law at a European and German level have contributed significantly to this outstanding success," says Dr. Thomas Treiling, Managing Director responsible for wind energy planning in Germany. The German wind market is the stable backbone for ABO Energy's expected profit growth in the coming years. "I am confident that the next federal government will also take advantage of the opportunities presented by the renewed expansion of wind energy," says Treiling. "In this way, we are securing a long-term, secure and inexpensive energy supply for Germany and are strengthening the economy."

 



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: 2049299

 
End of News EQS News Service

2049299  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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