13.01.2020 Daldrup & Söhne AG  DE0007830572

DGAP-Adhoc: Daldrup & Söhne AG sells remaining shares in Geysir Europe including the geothermal power plants to IKAV Group


 

DGAP-Ad-hoc: Daldrup & Söhne AG / Key word(s): Disposal/Preliminary Results
Daldrup & Söhne AG sells remaining shares in Geysir Europe including the geothermal power plants to IKAV Group

13-Jan-2020 / 21:36 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of insider information
in accordance with Article 17 of the MAR

 

Daldrup & Söhne AG sells remaining shares in Geysir Europe including the geothermal power plants to IKAV Group

Grünwald / Ascheberg, January 13, 2020 - Drilling technology and geothermal energy specialist Daldrup & Söhne AG (ISIN DE0007830572) today signed a contract with IKAV Invest S.à.r.l., Luxembourg, for the sale of the remaining shares (48.944 %) in Geysir Europe GmbH. The agreement includes the sale of the Taufkirchen and Landau power plants.

Initially, the seller will receive a purchase price payment of EUR 1.0 million under this agreement. Additional payments are linked to the achievement of defined productivity levels of the two power plants in the future. Further claims of the Daldrup & Söhne companies against the sold companies will be settled in the course of the coming years. The economic transfer of the shares will take place with effect from 31 December 2019.

In this context, from today's point of view - subject to the audit by the appointed auditors, which will start shortly - value adjustments on loans and services rendered for the sold companies in the amount of approximately EUR 15 million will already have to be made in the annual and consolidated financial statements of Daldrup & Söhne AG for the financial year 2019.

On the basis of the preliminary results available at the end of November 2019, Daldrup & Söhne AG will, from today's perspective, report a negative EBIT result for the financial year 2019 of approximately EUR 14 million after scheduled depreciation of approximately EUR 2.2 million with a total output of approximately EUR 38 million. The operating result of the AG forecast at the time will thus be achieved (2019: EBIT expected to be around EUR 1 million), but due to the above-mentioned value adjustments it will fall well short of the overall forecast.

On 12 July 2019, IKAV had already acquired 48.9% of the shares in Geysir Europe GmbH and 1.0% of the shares in geox GmbH (see Corporate News of 19 July 2019). The project company Geothermie Neuried GmbH & Co. KG remains within the Daldrup Group for the purpose of further development.

The sale is a major step towards the debt reduction of the Daldrup Group in the amount of approximately EUR 42 million in the context of the intended deconsolidation of the geyser activities. As a consequence of the deconsolidation, the consolidation scope of the Daldrup & Söhne AG Group will be significantly streamlined already for the financial year 2019. The forecast for the Group result 2019 published at the end of May 2019 is no longer matched by comparable structures and a comparable scope of consolidation as of the balance sheet date 31 December 2019.

Communicated by Stephan Temming, CFO




Contact:
Daldrup & Söhne AG
Falk v. Kriegsheim
IR Manager
Fon +49 (0)2593-9593-29
[email protected]
www.daldrup.eu

Bajuwarenring 17a
82041 Oberhaching

13-Jan-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Daldrup & Söhne AG
Bajuwarenring 17a
82041 Oberhaching
Germany
Phone: +49 (0) 89 / 45 24 37 920
Fax: -
E-mail: [email protected], [email protected]
Internet: www.daldrup.eu
ISIN: DE0007830572
WKN: 783057
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 952617

 
End of Announcement DGAP News Service

952617  13-Jan-2020 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 17,26 31,14 24,76 38,94 24,77 28,19 40,00
EBITDA1,2 4,52 4,56 4,74 -12,42 -7,87 4,20 3,70
EBITDA-Marge3 26,19 14,64 19,14 -31,90 -31,77 14,90 9,25
EBIT1,4 0,81 0,95 1,14 -16,30 -10,79 1,89 1,20
EBIT-Marge5 4,69 3,05 4,60 -41,86 -43,56 6,70 3,00
Jahresüberschuss1 0,18 0,15 0,02 -18,66 -12,33 -5,20 0,45
Netto-Marge6 1,04 0,48 0,08 -47,92 -49,78 -18,45 1,13
Cashflow1,7 -17,23 3,65 9,90 34,43 4,06 -1,62 0,00
Ergebnis je Aktie8 0,03 0,03 0,01 -3,11 -2,06 -0,87 0,08
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Warth & Klein Grant Thornton

INVESTOR-INFORMATIONEN
©boersengefluester.de
Daldrup & Söhne
WKN Kurs in € Einschätzung Börsenwert in Mio. €
783057 4,160 Halten 24,92
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
24,47 0,00 0,00 -4,55
KBV KCV KUV EV/EBITDA
1,37 15,43 0,88 7,06
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,00 0,00 0,00 26.08.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
30.09.2021 31.05.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-5,07% 0,85% 28,79% 110,10%
    
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