EQS-News: Daldrup & Söhne AG wins EU-wide tender for major geothermal energy contract
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EQS-News: Daldrup & Söhne AG
/ Key word(s): Incoming Orders/Dividend
CORPORATE NEWS Daldrup & Söhne AG wins EU-wide tender for major geothermal energy contract
Oberhaching / Ascheberg, July 21, 2025 – Drilling technology and geothermal energy specialist Daldrup & Söhne AG (ISIN DE0007830572) has won the EU-wide tender issued by Innovative Energie für Pullach GmbH[1] (IEP GmbH) in Pullach for the drilling of seven geothermal wells. The project will start when the planned discovery insurance under the KfW 572 program comes into effect. This will happen when the federal budget is passed at the end of September. As general contractor, Daldrup will start drilling at the Pullach South and Baierbrunn sites in December 2025 and continue for around two and a half years to extract geothermal energy from the Malm deposit (Upper Jurassic). Depending on the results, Daldrup will drill up to three additional wells. This is the largest single project in the company's history. The estimated contract value will be in the upper double-digit million Euro range. Daldrup expects drilling lengths of between 4,000 m and 5,100 m and temperatures between 122°C and 142°C.
Andreas Tönies, CEO of Daldrup & Söhne AG, describes the project as follows: "Winning this major project is not only a vote of confidence in the expertise of Daldrup & Söhne AG, it is also a milestone for the economic viability of geothermal energy development in Germany. The high number of boreholes at two neighboring sites brings significant efficiency benefits in terms of preparation, project management, and project execution. This serves as a model and can be used as a blueprint for many municipalities in southern and northern Germany. Synergies from larger orders will reduce development costs, making geothermal energy even more attractive for heat supply.
The IEP project in Pullach increases the value of Daldrup & Söhne AG's order book to over EUR 130 million. At the same time, it confirms the value of the relevant market defined by Daldrup[2], which has almost quintupled over the last five years. The project will provide a solid foundation for the development of the Group's total output and EBIT in 2026, 2027, and 2028.
Dividend proposal to the Annual General Meeting For the first time since 2014, the Management Board will propose to the Annual General Meeting on August 28, 2025, that a dividend of EUR 0.15 per share be distributed from the net profit of EUR 1,977,525.80. Based on the XETRA closing price of EUR 9.16 at the end of 2024, this would correspond to a dividend yield of 1.6 percent. The payout ratio would be 45.4 percent. Around EUR 1.1 million would be carried forward to new account.
Andreas Tönies commented on the proposed dividend: “The shareholders of Daldrup & Söhne AG should once again participate in the company's economic success through dividends. At the same time, the company's financial strength should be strengthened for further growth. This is because we want to reinvest the cash flows generated in further growth as needed to achieve adequate returns.”
Note Upcoming IR roadshows / conferences / events - 28 August 2025: Annual General Meeting, Dortmund - 2 September 2025: Autumn Conference, Frankfurt - 30 September 2025: Publication of half-year consolidated financial statements - 12 November 2025: MKK, Munich - 24–26 November 2025: Equity Forum, Frankfurt
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.
Presse- & 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
[1] Innovative Energie für Pullach is a wholly owned subsidiary of the municipality of Pullach. It was founded in 2002 to develop geothermal energy and distribute it via a district heating network in the municipality. [2] The relevant processed market volume weighted by probability of occurrence as a prospect for possible order intake in the coming years.
21.07.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| 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: | 2171824 |
| End of News | EQS News Service |
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2171824 21.07.2025 CET/CEST
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 | 2024 | 2025e | ||
| Sales1 | 24,77 | 28,19 | 78,06 | 38,18 | 49,12 | 54,11 | 52,00 | |
| EBITDA1,2 | -7,87 | 4,20 | 3,95 | 4,25 | 4,94 | 8,52 | 7,40 | |
| EBITDA-Margin3 | -31,77 | 14,90 | 5,06 | 11,13 | 10,06 | 15,75 | 14,23 | |
| EBIT1,4 | -10,79 | 1,89 | 1,54 | 1,84 | 2,59 | 6,94 | 5,30 | |
| EBIT-Margin5 | -43,56 | 6,71 | 1,97 | 4,82 | 5,27 | 12,83 | 10,19 | |
| Net Profit (Loss)1 | -12,33 | -5,20 | 0,78 | 0,85 | 0,89 | 2,49 | 3,70 | |
| Net-Margin6 | -49,78 | -18,45 | 1,00 | 2,23 | 1,81 | 4,60 | 7,12 | |
| Cashflow1,7 | 4,06 | -1,62 | -0,41 | 1,65 | 4,37 | 12,13 | 5,40 | |
| Earnings per share8 | -2,06 | -0,87 | 0,13 | 0,14 | 0,15 | 0,42 | 0,60 | |
| Dividend per share8 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,15 | 0,15 | |
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 | ||||||
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| Daldrup & Söhne | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| 783057 | DE0007830572 | AG | 119,19 Mio € | 30.11.2007 | Kaufen | 8FWH2HMM+87 |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 27,26 | 31,40 | 0,87 | -43,64 | 4,79 | 9,82 | 2,20 |
|
Dividend '2023 in € |
Dividend '2024 in € |
Dividend '2025e in € |
Div.-Yield '2025e in % |
| 0,00 | 0,15 | 0,15 | 0,75% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 28.08.2025 | 30.09.2025 | 02.06.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| +26,41% | +55,70% | +117,25% | +125,11% | +47,41% |
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