on Daldrup & Söhne AG (isin : DE0007830572)
Daldrup & Söhne AG Doubles EBIT in H1 2024
Daldrup & Söhne AG reported a significant financial improvement in the first half of 2024. The company's total revenues increased by 20.4% to €29.1 million. The group’s earnings before interest and taxes (EBIT) surged by 206.8% to €3.0 million, resulting in an EBIT margin of 10.2%, compared to 5.9% the previous year.
The company's order backlog stood at €31.0 million, with a processed market volume of €302 million by the end of August. Daldrup & Söhne AG maintained a solid equity ratio of 52.2% and confirmed an increased forecast for 2024: a total output of around €50 million with an EBIT margin between 7% and 9%.
CEO Andreas Tönies highlighted the growing demand for geothermal drilling services and expects regulatory improvements. These include state-guaranteed exploration insurance and simplified approval processes for geothermal projects. Daldrup & Söhne AG is positioned to benefit from the growth of the geothermal energy market.
R. E.
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