10.04.2017
Daldrup & Söhne AG DE0007830572
DGAP-News: Daldrup & Söhne AG: Analysts confirm good corporate development
DGAP-News: Daldrup & Söhne AG / Key word(s): Research Update
Daldrup & Söhne AG: Analysts confirm good corporate development
10.04.2017 / 07:30
The issuer is solely responsible for the content of this announcement.
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CORPORATE NEWS
Daldrup & Söhne AG: Analysts confirm good corporate development
Grünwald / Ascheberg, 10 April 2017 - The research firm SMC-Research GmbH
has raised its price target for the drilling technology and geothermics
specialist Daldrup & Söhne AG (ISIN DE0007830572), while equinet Bank AG has
confirmed its price target. After successfully concluding contracts for
geothermal drilling in Geretsried and Bad Bellingen with an order volume of
over 20 million euros as well as the commissioning of new heat exchangers
for the geothermal power plant Taufkirchen, SMC-Research has raised its
price target for Daldrup shares from 12.15 euros to 13.70 euros (hold).
equinet analyst Winfried Becker confirms his price target of 9.50 euros with
a purchase recommendation. This is because he regards the company as being
on a good course in the medium term towards becoming a medium-sized energy
supplier with a more stable turnover and cash-flow basis from the revenue
generated by the sale of electricity and heat from geothermal power
stations. For analyst Holger Steffen at SMC-Research too, the future power
station operation is the key to the purchase recommendation.
The research documents are available for downloading from the Daldrup
Homepage at
http://www.daldrup.eu/de/ir/.
About Daldrup & Söhne AG
Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a corporate
history spanning more than 60 years is a specialist provider of drilling and
environmental services and ranks as one of the leading companies in Germany.
Its activities are divided into the business divisions Geothermics, Raw
Materials & Exploration, Water Extraction as well as Environment,
Development & Services (EDS). The Geothermics business division provides
drilling services for near-surface geothermics (especially geothermal probes
of heat pumps), along with drilling services for deep geothermics up to 6000
m, in order to utilise the geothermal energy accessible in this way for
electricity and/or heat generation. In the Raw Materials and Exploration
business division, the bores made by Daldrup & Söhne AG serve for exploring
and developing fossil fuel deposits (especially coal and gas) as well as
mineral resources and ores (e.g. copper and gold). The Water Extraction
business division comprises well construction for the extraction of
drinking, service, curative, mineral, boiler-feed or cooling water as well
thermal brine. The Environment, Development & Services (EDS) business
division comprises special environmental engineering services such as the
hydraulic clean-up of contaminated sites, the drilling of gas extraction
wells for recovering waste dump gas, the provision of groundwater quality
measuring points or the installation of water purification plants.
The majority stake in Geysir Europe GmbH also gives the Daldrup Group its
own fields of experience in the exploration of geothermal energy in the
Bavarian Molasse Basin and in the Upper Rhine Plain. The existing project
management and power station expertise means that all stages of value
creation can be covered for a deep geothermics project.
The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment in the
open market of the Frankfurt Stock Exchange).
Disclaimer
This publication represents neither an offer for sale nor a call to submit a
tender for the purchase or underwriting of securities. This publication and
the information it contains is not intended for direct or indirect
dissemination in or within the United States of America ("USA"), Canada,
Australia or Japan.
Press & Investor Relations Contact:
Daldrup & Söhne AG
Falk v. Kriegsheim
Phone +49 (0)2593-9593-29
Fax +49 (0)2593-9593-60
Bavariafilmplatz 7 [email protected]
82031 Grünwald/Geiselgasteig www.daldrup.eu
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10.04.2017 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
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Language: English
Company: Daldrup & Söhne AG
Bavariafilmplatz 7 / Gb. 32
82031 Grünwald/Geiselgasteig
Germany
Phone: +49 (0) 89 / 45 24 37 920
Fax: -
E-mail: [email protected]
Internet: www.daldrup.eu
ISIN: DE0007830572
WKN: 783057
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange; Open Market (Scale) in
Frankfurt
End of News DGAP News Service
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