Brief: ABO Wind Says It Has Subdued Expectations For Annual Profit

ABO Energy GmbH & Co KgaA

12/06/2019 10:05

June 12 (Reuters) - ABO WIND AG  AB9.H :
    * WITH SUBDUED EXPECTATIONS FOR ANNUAL PROFIT
    * EXPECTS A SURPLUS OF AROUND 10 MILLION EUROS
    * DELAYS IN PROJECT PLANNING FOR WIND FARMS IN GERMANY
    * MEDIUM- AND LONG-TERM PERSPECTIVES REMAIN GOOD
    * INCREASED INVOLVEMENT IN SPAIN, AMONG OTHER COUNTRIES, IS
REFLECTED IN HIGHER COSTS
    * SAYS DELAYS IN APPROVAL PROCEDURES FOR GERMAN WIND POWER
PROJECTS IS AN INDUSTRY-WIDE PROBLEM
    * CONFIRMS EXPECTATION THAT ANNUAL SURPLUSES OF MORE THAN 20
MILLION EUROS WILL BE RULE AT ABO WIND FROM 2023

Source text for Eikon:  ID:nEQ6y1l69a 
Further company coverage:  AB9.H 

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