DWK Deutsche Wasserkraft AG
ISIN: DE000A2AAB74
WKN: A2AAB7
30 August 2024 09:35AM

EQS-News: DWK Deutsche Wasserkraft AG: Change of corporate name completed / DWK's new alignment continues to gain momentum

DWK Deutsche Wasserkraft AG · ISIN: DE000A2AAB74 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1978623

Price (EoD) at the time of publication (30.08.2024): €2,50 | Last price update: €2,50 (30.08.2024)

EQS-News: DWK Deutsche Wasserkraft AG / Key word(s): Strategic Company Decision
DWK Deutsche Wasserkraft AG: Change of corporate name completed / DWK's new alignment continues to gain momentum

30.08.2024 / 09:35 CET/CEST
The issuer is solely responsible for the content of this announcement.


DWK Deutsche Wasserkraft AG: Change of corporate name completed / DWK's new alignment continues to gain momentum

  • Upcoming cash capital increase as first financing component fully guaranteed by major shareholders
  • Management currently intensively evaluating prospective investment opportunties and holds a significant stake in DWK Deutsche Wasserkraft itself

Hamburg, 30 August 2024 - DWK Deutsche Wasserkraft AG (‘DWK’, ISIN: DE000A2AAB74 & DE000A289VN8) has successfully completed its corporate name change with the registration of its name in the commercial register. This represents a further step in the realignment of DWK Deutsche Wasserkraft (formerly CGift AG) as an independent power producer, IPP, from hydropower.

The cash capital increase of 300,000 new shares planned as part of the realignment and approved by the Annual General Meeting, excluding the subscription rights of existing DWK shareholders (see Corporate News of 15 July 2024), will now be implemented in the near future. DWK has now received binding commitments from shareholders of the company, guaranteeing the subscription of the share issuance (backlog agreement). The expected issuance price is EUR 1.10 per share. The new shares are to be offered to institutional investors as part of a private placement. Following the capital increase, the share capital will increase to EUR 2,208,464 million, divided into the same number of no-par value shares.

In the meantime, DWK's experienced management is evaluating the first attractive projects and opportunities, focussing on small hydro power plants in line with the company's strategy. The management team, consisting of Jan Erik Schulien and Henning Rath, also holds a 7.5 per cent stake in DWK and plans to further increase its holding.

Jan Erik Schulien, Co-CEO of DWK Deutsche Wasserkraft AG: ‘We are consistently developing the strategy of DWK. The change of name that has now taken place is a clear signal of this. The declaration of guarantee from major shareholders for the subscription of the capital increase as the first financing component of the realignment shows that we have investors at our side who are highly convinced of DWK's operational potential and support our growth. This also applies to me and Henning Rath, which is why we acquired a 7.5 per cent stake in DWK and we want to further increase our shareholding in the foreseeable future.’

Press contacts and Investor Relations

edicto GmbH
Ralf Droz / Svenja Liebig
+49 69 90550 556
rdroz@edicto.de



30.08.2024 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: DWK Deutsche Wasserkraft AG
Schopenstehl 22
20095 Hamburg
Germany
Phone: +49 40 679 580-53
Fax: +49 40 679 580-52
E-mail: info@dwkag.ag
Internet: www.deutschewasserkraft.com
ISIN: DE000A2AAB74, DE000A289VN8
WKN: A2AAB7, A289VN
Listed: Regulated Unofficial Market in Hamburg
EQS News ID: 1978623

 
End of News EQS News Service

1978623  30.08.2024 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 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA1,2 0,00 0,00 0,00 -0,12 0,00 0,00 0,00
EBITDA-Margin3 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT1,4 0,00 0,00 0,00 -0,12 0,00 0,00 0,00
EBIT-Margin5 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Net Profit (Loss)1 0,00 0,00 0,00 -0,15 0,00 0,00 0,00
Net-Margin6 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Cashflow1,7 0,00 0,00 0,00 -0,15 0,00 0,00 0,00
Earnings per share8 -0,30 -0,04 -0,08 -0,08 -0,05 -0,09 -0,03
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: Schwarz Suborg

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
DWK Deutsche Wasserkraft
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A2AAB7 DE000A2AAB74 AG 3,64 Mio € 30.03.2006 9F5FGXXX+FG
* * *
PE 2026e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
-165,00 0,00 0,00 -23,57 3,57 -24,79 0,00
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
12.07.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+0,00%
1,65 €
ATH 3,80 €
-29,03% -0,18% -8,33% +135,71% -28,26%

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