01.03.2017
Energiekontor AG DE0005313506
DGAP-News: Warburg Research publishes first research report on Energiekontor AG with Buy recommendation and price target of EUR 19.00
DGAP-News: Energiekontor AG / Key word(s): Research Update/Study
Warburg Research publishes first research report on Energiekontor AG with
Buy recommendation and price target of EUR 19.00
01.03.2017 / 15:40
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Coverage initiated with Buy recommendation and price target of EUR 19.00
Warburg Research publishes first research report on Energiekontor AG
Bremen, 1 March 2017. Yesterday, Warburg Research, a fully-owned subsidiary
of the private bank M. M. Warburg in Hamburg, initiated its coverage of
Energiekontor AG. In his comprehensive research report, the analyst, Arash
Roshan Zamir, recommends the Energiekontor shares as a Buy with a price
target of EUR 19.00 and 21 percent upside.
This is the second analyst to include Energiekontor in his coverage, as Dr.
Karsten von Blumenthal of First Berlin, also lends a Buy recommendation to
the Energiekontor stock with a price target of EUR 19.70.
According to Mr Zamir, Energiekontor with its installed wind farm capacity
of around 875 MW is one of the leading German project developers. He also
states that Energiekontor stands out with its highly competitive portfolio
of group-owned wind farms, which has a total output capacity of currently
238 MW. Energiekontor offers "the best of both worlds" with its unique
business model, in which the group complements the rather volatile project
development business with its stable and cash-generative power generation
business.
Owing to its promising project pipeline and the development of new markets
such as the Netherlands, France and the US, the company is well positioned
for continued and sustainable growth, also in the light of regulatory
changes in its core markets of Germany and the UK, the analyst observes.
In addition to extending the market, Energiekontor's objectives include
expanding the solar business and the further expansion of its portfolio of
wind farms and possibly also solar parks with inhouse-developed projects.
In an increasingly competitive market environment, Energiekontor is
introducing various efficiency measures and uses optimisation potential to
become the cost leader on the way to generating power from renewable energy
sources that is independent of state subsidies. In the medium term, the
management of the group forecasts sustainable EBT (Earnings Before Taxes)
from project development and the sale of wind farms and solar parks of EUR
30 million p.a. and sustainable EBT from power generation and operational
management of wind farms and solar parks of EUR 25-30 million p.a.
Please find more information about the research report on our website under
"Investor Relations/Anlegerinformationen/Analystenstudien".
About Energiekontor AG:
For the last 25 years, Energiekontor has stood for a sound approach to
business and a wealth of experience in wind power. Formed in Bremerhaven in
1990, the company was one of the pioneers in the industry and is now one of
the leading German project developers. Its core business covers the
planning, construction and operational management of wind farms in Germany
and abroad, and was expanded to include solar power in 2010. Energiekontor
also currently owns and operates 31 wind farms with a total rated power of
around 238 megawatts.
In addition to its headquarters in Bremen, Energiekontor also maintains
offices in Bremerhaven, Hagen im Bremischen, Aachen, Bernau (near Berlin)
and Dortmund. The company also has subsidiaries in England (Leeds),
Scotland (Glasgow), Portugal (Lisbon) and the Netherlands (Nijmegen). Its
track record speaks for itself: 105 wind farms in operation, with 590
turbines and a total rated power of around 875 megawatts. This corresponds
to an investment volume of roughly EUR 1.4 billion.
Energiekontor went public on 25 May 2000. The shares of Energiekontor AG
(WKN 531350/ISIN DE0005313506) are listed in the General Standard segment
of the Frankfurt Stock Exchange and can be traded on all German stock
exchanges.
Contact:
Investor Relations/Press
Dr Stefan Eckhoff
Phone: (+49-421) 3304-0
Email: [email protected]
Energiekontor AG / Reuters: EKT / ISIN: DE0005313506
---------------------------------------------------------------------------
01.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Energiekontor AG
Mary-Somerville-Straße 5
28359 Bremen
Germany
Phone: 04 21/33 04-0
Fax: 04 21/33 04-4 44
E-mail: [email protected]
Internet: www.energiekontor.de
ISIN: DE0005313506
WKN: 531350
Listed: Regulated Market in Frankfurt (General Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
---------------------------------------------------------------------------
549437 01.03.2017
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
Energiekontor AG ISIN: DE0005313506 können Sie bei EQS abrufen
Solar-/Windparks , 531350 , EKT , XETR:EKT