Daldrup & Söhne AG
ISIN: DE0007830572
WKN: 783057
17 July 2024 08:55AM

EQS-News: Daldrup & Söhne AG receives order from Oldenburg Baederbetrieb for geothermal drilling

Daldrup & Söhne AG · ISIN: DE0007830572 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1947673

EQS-News: Daldrup & Söhne AG / Key word(s): Incoming Orders
Daldrup & Söhne AG receives order from Oldenburg Baederbetrieb for geothermal drilling

17.07.2024 / 08:55 CET/CEST
The issuer is solely responsible for the content of this announcement.


CORPORATE NEWS

Daldrup & Söhne AG receives order from Oldenburg Baederbetrieb for geothermal drilling

  • Order volume of around 5 million euros

Oberhaching / Ascheberg, July 17, 2024 - Daldrup & Söhne AG (ISIN DE0007830572), a specialist in drilling technology and geothermal energy, has received an order from the bathing operation of the city of Oldenburg (BBO), Lower Saxony, to conduct an exploratory and a doublet drilling with a drilling length of approximately 1,400 meters each. The project, which will be carried out in two phases, has a total order volume of around five million euros. The drillings are scheduled to begin in the 4th quarter of 2024. In western Lower Saxony, Oldenburg is a pioneer for a climate-neutral heat supply with the medium-depth geothermal project.

The Oldenburg public baths have set themselves the goal of operating the newly constructed year-round public baths independently of fossil fuels and with as little CO2 emissions as possible. The thermal water, with an expected temperature of about 50°C, shall be used in combination with large heat pumps to heat the new sports and health bath at the Oldenburger Floetenteich as climate-neutral as possible.

According to the "Geofakten 41" report published by the Lower Saxony State Office for Mining, Energy and Geology (LBEG) in April 2024, the number and total area of licensed fields for the exploration of geothermal energy in Lower Saxony have dynamically been increasing since 2022. According to the LBEG, this underlines the great interest in the implementation of deep geothermal projects. The Lower Saxony Climate Act (NKlimaG) and the Federal Heat Planning Act (WPG) require cities and municipalities to develop heat plans by June 30, 2026. Deep geothermal energy offers many cities and municipalities a suitable, volume-rich solution component for a baseload-capable, secure and economical energy supply for many districts and cities throughout Germany.

 

About Daldrup & Söhne AG

Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a company history of more than 75 years is a specialised provider of drilling and environmental services and is positioned among the leading companies in Germany. Its activities are divided into the business areas Geothermal, Resources & Exploration, Water Extraction and Environment, Development & Services (EDS). In the Geothermal Energy business sector, drilling services are provided both for near-surface geothermal energy (especially geothermal probes for heat pumps), but above all also drilling services for deep geothermal energy of up to 6,000 m, in order to use the geothermal energy thus accessible for the generation of electricity and/or heat. In the Raw Materials and Exploration business sector, the wells drilled by Daldrup & Söhne AG are used for exploration as well as mineral raw materials and ores (e.g. copper and gold). This division also provides drilling services in the context of finding a safe final repository for nuclear waste. The Water Extraction business area includes well construction for the extraction of drinking, industrial, medicinal, mineral, boiler feed or cooling water as well as thermal brine. The business area Environment, Development & Services (EDS) comprises special environmental engineering services such as the hydraulic remediation of contaminated sites, the construction of gas extraction wells for the extraction of landfill gas, the construction of groundwater quality measuring points or the construction of water purification plants.

The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment of the Open Market of the Frankfurt Stock Exchange) and part of the Scale30 Index.

 

Disclaimer

This publication constitutes neither an offer to sell nor a solicitation of an offer to buy or subscribe for securities. This publication and the information contained therein are not intended for direct or indirect distribution in or within the United States of America ("USA"), Canada, Australia or Japan.

 

Press & Investor Relations Contact

Daldrup & Söhne AG

Falk von Kriegsheim

        Fon +49 (0)2593-9593-29

        Fax +49 (0)2593-9593-60

Bajuwarenring 17a   ir@daldrup.eu

82041 Oberhaching   www.daldrup.eu



17.07.2024 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.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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: 1947673

 
End of News EQS News Service

1947673  17.07.2024 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
  2019 2020 2021 2022 2023 2024e 2025e
Sales1 24,77 28,19 78,06 38,18 49,12 48,00 0,00
EBITDA1,2 -7,87 4,20 3,95 4,25 4,94 5,60 0,00
EBITDA-Margin3 -31,77 14,90 5,06 11,13 10,06 11,67 0,00
EBIT1,4 -10,79 1,89 1,54 1,84 2,59 4,15 0,00
EBIT-Margin5 -43,56 6,71 1,97 4,82 5,27 8,65 0,00
Net Profit (Loss)1 -12,33 -5,20 0,78 0,85 0,89 3,00 0,00
Net-Margin6 -49,78 -18,45 1,00 2,23 1,81 6,25 0,00
Cashflow1,7 4,06 -1,62 -0,41 1,65 4,37 0,00 0,00
Earnings per share8 -2,06 -0,87 0,13 0,14 0,15 0,50 0,54
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
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: Grant Thornton

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INVESTOR-INFORMATION
©boersengefluester.de
Daldrup & Söhne
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
783057 DE0007830572 AG 55,22 Mio € 30.11.2007 Kaufen 8FWH2HMM+87
* * *
PE 2026e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
15,11 28,15 0,54 -17,83 2,63 12,63 1,12
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
29.08.2024 27.09.2024 30.05.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-3,76%
9,22 €
ATH 36,75 €
+8,06% +12,48% +0,66% -5,14% -31,70%

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