DGAP-News: Daldrup & Söhne AG / Key word(s): Research Update/Capital Increase Daldrup & Söhne AG: equinet raises price target to 14.50 Euro with buy recommendation 19.03.2018 / 11:44 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- CORPORATE NEWS Daldrup & Söhne AG: equinet raises price target to 14.50 Euro with buy recommendation - Free float rises to 41 percent after capital increase - Daldrup shares listed on the Scale 30 index starting 19 March 2018 Grünwald / Ascheberg, 19 March 2017 - The share of Daldrup & Söhne AG (ISIN DE0007830572), a drilling technology and geothermal specialist, has been revalued by equinet Bank AG in a research update. Analyst Winfried Becker has set the price target at EUR 14.50 (previously: EUR 10.10) and continues to recommend a buy. The analyst emphasized the continuous strategic development of the drilling service provider into an independent, medium-sized energy provider (IPP, Independent Power Producer). With the acquisition of the majority shares in the geothermal power plants Landau in der Pfalz (group share: 67.5 percent) and most recently Taufkirchen (group share: 55.2 percent), Daldrup has taken major steps in this direction in order to be able to reap "the first fruits with the electricity production of the power plants in Taufkirchen and Landau from 2018 in regular operation", says analyst Becker. Successful capital increase, free float rises to 41 percent The company received gross proceeds of around EUR 6.4 million from the capital increase carried out at the end of February (10 percent of the share capital). The proceeds form the financial basis for the planned investment structure relating to the Neuried and Puchheim power plant respectively heating plant projects. The shareholder structure changed in favor of the free float at 41.1 percent (previously: 35.2 percent). Following the capital increase, the Daldrup family continues to hold the majority of shares with a total of 58.9 percent (previously: 64.8 percent). Daldrup share is listed in the Scale 30 index As Deutsche Börse AG, the operator of the Frankfurt Stock Exchange, announces, Daldrup & Söhne AG shares are included in the Scale 30 selection index on the regular adjustment date of the selection indices as of 19 March 2018. This index measures the performance of the 30 most liquid shares listed in the Scale segment for small and medium-sized enterprises (SMEs). The order book turnover on the XETRA and Frankfurt stock exchanges is decisive for inclusion in the index. The weighting of the values in the Scale 30 selection index is based on market capitalization (Daldrup at the XETRA closing price of around 72 million euros on March 14, 2018) and is adjusted quarterly. The index has the WKNs A2J0PW (price variant) or A2GYJT2 (performance variant). About Daldrup & Söhne AG Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a corporate history spanning more than 70 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 --------------------------------------------------------------------------- 19.03.2018 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: 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 Indices: Scale Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 665529 19.03.2018