EQS-News: H&R receives funding approval for climate protection project to reduce CO₂ at Salzbergen site
EQS-News: H&R GmbH & Co. KGaA
/ Key word(s): Miscellaneous/Miscellaneous
Press Release H&R receives funding approval for climate protection project to reduce CO₂ at Salzbergen site
Salzbergen, Germany, October 16, 2024. H&R Chemisch-Pharmazeutische Spezialitäten GmbH, subsidiary of the H&R GmbH & Co. KGaA, announces that the Federal Ministry of Economics and Climate Protection (BMWK)* has approved the project application for the construction and operation of a process furnace at the Salzbergen site using electrical energy. The project will receive considerable financial support as part of a climate protection agreement (Klimaschutzvertrag - KSV). The official funding commitment was made on 15.10.2024 in Berlin. This project is a significant step towards reducing CO₂ emissions and a crucial part of H&R's “CO₂ Reduction Roadmap”. “We are proud of this success and would like to thank everyone involved in developing the concept. Our efforts have now been crowned with success,” explains Dr. Thomas Röthel, Chief Commercial Officer. As part of the climate protection agreement, H&R will implement the power-to-heat process in Salzbergen over the next few years, which will reduce the use of natural gas for heat generation. The project will be supported with funding of up to 116 million euros, which will primarily be invested in the electricity infrastructure at the Salzbergen site and the electric process furnace. For every tonne of CO₂ saved, the company will receive a defined payment for a period of 15 years. “The switch to electric operation is another step towards a more sustainable and climate-friendly future for our company and the entire industry. The funding from the climate protection agreement enables us to achieve a significant reduction in CO₂ emissions and at the same time offset a potential competitive disadvantage,” says Detlev Wösten, Chief Sustainability Officer. *On March 11, 2024, the Federal Ministry of Economics and Climate Protection (“BMWK”) issued the guideline for the promotion of climate-neutral production processes in industry through climate protection contracts (Promotion Guideline for Climate Protection Contracts (“FRL KSV”)), which was approved by the European Commission under state aid law on February 16, 2024. The FRL KSV is intended to support companies from emission-intensive industries, as the switch from conventional production processes to more climate-friendly production processes is associated with considerable additional costs for these companies. Contact: The H&R GmbH & Co. KGaA: Forward-looking statements and forecasts:
16.10.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | H&R GmbH & Co. KGaA |
Neuenkirchener Str. 8 | |
48499 Salzbergen | |
Germany | |
Phone: | +49 (0)40 43 218 321 |
Fax: | +49 (0)40 43 218 390 |
E-mail: | investor.relations@hur.com |
Internet: | www.hur.com |
ISIN: | DE000A2E4T77 |
WKN: | A2E4T7 |
Listed: | Regulated Market in Dusseldorf, Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 2009773 |
End of News | EQS News Service |
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2009773 16.10.2024 CET/CEST
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The most important financial data at a glance | ||||||||
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
Sales1 | 1.114,15 | 1.075,32 | 873,03 | 1.188,43 | 1.576,04 | 1.352,26 | 1.300,00 | |
EBITDA1,2 | 74,70 | 52,90 | 55,72 | 132,66 | 124,90 | 92,66 | 104,00 | |
EBITDA-Margin3 | 6,71 | 4,92 | 6,38 | 11,16 | 7,93 | 6,85 | 8,00 | |
EBIT1,4 | 40,17 | 7,40 | -0,35 | 81,72 | 70,23 | 30,68 | 29,50 | |
EBIT-Margin5 | 3,61 | 0,69 | -0,04 | 6,88 | 4,46 | 2,27 | 2,27 | |
Net Profit (Loss)1 | 22,32 | 0,08 | -7,83 | 52,53 | 45,36 | 10,56 | 11,80 | |
Net-Margin6 | 2,00 | 0,01 | -0,90 | 4,42 | 2,88 | 0,78 | 0,91 | |
Cashflow1,7 | 23,32 | 95,86 | 60,15 | 37,42 | 37,98 | 119,07 | 0,00 | |
Earnings per share8 | 0,59 | -0,04 | -0,24 | 1,35 | 1,15 | 0,28 | 0,23 | |
Dividend per share8 | 0,00 | 0,00 | 0,00 | 0,00 | 0,10 | 0,10 | 0,06 |
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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H&R | ||||||
WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
A2E4T7 | DE000A2E4T77 | GmbH & Co. KGaA | 123,20 Mio € | 21.12.1953 | Kaufen | 9F498982+MQ |
PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
11,82 | 11,80 | 1,00 | 5,72 | 0,30 | 1,03 | 0,09 |
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
0,10 | 0,10 | 0,06 | 1,81% |
Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
27.05.2025 | 15.05.2024 | 14.08.2024 | 14.11.2024 | 28.03.2024 |
Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
-6,73% | -21,56% | -29,27% | -29,87% | +0,00% |
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