Germany's Daldrup & Sohne H1 operating profit surges amid high demand
Germany's Daldrup & Sohne H1 operating profit surges amid high demand
Overview
Germany drilling technology firm's H1 2026 operating output rose 56% to EUR 32.3 mln
H1 EBIT up 29.3% to EUR 3.43 mln, EBIT margin at 10.6%
Order backlog of about EUR 132 mln secures capacity utilisation into 2027
Outlook
Daldrup confirms 2026 forecast for total operating output of approx. EUR 58 mln
Company expects 2026 EBIT margin between 11.5% and 13.5%
Result Drivers
SEGMENT DEMAND - Co said demand was high across all four business segments, supporting growth
REGULATORY SUPPORT - Improved regulatory conditions and funding opportunities boosted geothermal market, per co
EQUIPMENT INVESTMENTS - Investments in upgrading and modernising equipment fleet contributed to results
Company press release: ID:nEQ2CdhQRa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 EPS |
| EUR 0.49 |
|
H1 Net Income |
| EUR 2.9 mln |
|
H1 EBITDA |
| EUR 4.5 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas drilling peer group is "buy"
Wall Street's median 12-month price target for Daldrup & Soehne AG is €29.40, about 36.1% above its September 29 closing price of €21.60
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 20 three months ago
Reuters Recommended Reads
Sept 29 - Low Rhine levels hamper shipping, weighing on German industry
Sept 28 - German gas supply is secure despite low storage levels, VNG chief says
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)