Brief: Daldrup & Söhne Sells Geysir Group To Ikav Group

Daldrup & Soehne AG

15/01/2020 12:04

Jan 15 (Reuters) - DALDRUP & SOEHNE AG  4DSG.DE :
    * WITHIN THE SCOPE OF THE ANNOUNCED REORIENTATION DALDRUP &
SÖHNE
AG SELLS THE GEYSIR GROUP WITH GEOTHERMAL POWER PLANTS TO IKAV
GROUP
    * ORDER BACKLOG REMAINS VERY GOOD
    * DEBT RELIEF IN AMOUNT OF AROUND 42 MILLION EUROS
    * TO SELL REMAINING 48.944% OF GEYSIR EUROPE GMBH
    * FORECAST FOR CONSOLIDATED EARNINGS FOR 2019 PUBLISHED AT
END OF
MAY 2019 WILL NO LONGER BE MATCHED BY A COMPARABLE GROUP OF
CONSOLIDATED COMPANIES IN FUTURE
    * WITH SALE OF GEYSIR,THERE WILL BE NO NEGATIVE IMPACT ON
DALDRUP
GROUP FROM FINANCIAL YEAR 2020 ONWARDS
    * OPERATING RESULT FOR 2019 EXPECTED TO BE IN LINE WITH
FORECAST
    * OPERATING BUSINESS OF AG WOULD THUS BE IN LINE WITH
FORECAST
MADE AT END OF MAY 2019

Source text for Eikon:  ID:nEQ7cWHrka 
Further company coverage:  4DSG.DE 

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