Brief: Energiekontor Delivers Record Result In 2023 Financial Year

Energiekontor AG

28/03/2024 06:43

March 28 (Reuters) - ENERGIEKONTOR AG  EKTG.DE :
    * SUCCESSFUL PROJECT BUSINESS DELIVERS ANOTHER RECORD RESULT
IN
THE 2023 FINANCIAL YEAR
    * DIVIDEND PROPOSAL ELEVATED TO 1.20 EUROS
    * FY GROUP NET PROFIT (EBIT) OF 43.1 PERCENT TO 114.4
MILLION
EUROS (2022: 80.0 MILLION EUROS)
    * FY EBIT MARGIN OF 47.3 PERCENT (2022: 42.6 PERCENT)
    * 2024 FINANCIAL YEAR: AN IMPORTANT BUILDING BLOCK FOR 2023
TO
2028 GROWTH STRATEGY
    * EARNINGS POTENTIAL FROM PROJECTS IS NOT EXPECTED TO BE
FULLY
REALISED IN 2024 FINANCIAL YEAR AND WILL LARGELY BE POSTPONED
UNTIL 2025 AND 2026
    * LIMITED AVAILABILITY OF WIND TURBINES AND OTHER MAJOR
COMPONENTS
IS CAUSING A NOTICEABLE INCREASE IN REALISATION TIMES IN PROJECT
BUSINESS
    * GROUP EBT FOR 2024 FINANCIAL YEAR IS EXPECTED TO BE
SIGNIFICANTLY LOWER THAN GROUP EBT FOR 2023
    * ANY SHIFTS IN EARNINGS WILL MATERIALISE IN 2025 AND 2026
FINANCIAL YEARS

Source text for Eikon:  ID:nEQ1TqkGca 
Further company coverage:  EKTG.DE 

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