Daldrup & Söhne AG Generates 10.3% EBIT Margin in H1 2024 and Raises Annual Forecast

Daldrup & Söhne AG has reported a Group EBIT of about EUR 3 million for the first half of 2024, achieving an EBIT margin of 10.3%. This data is based on preliminary, unaudited figures as of June 30, 2024.

The company's strong performance in the drilling sector, a robust order backlog, and favorable market trends in municipal heating initiatives have prompted the Executive Board to increase its forecast for the financial year 2024. Total output is now projected to reach around EUR 50 million, up from the previous forecast of EUR 47 million.

The Management Board now anticipates an EBIT margin between 7% and 9%, revised from the earlier range of 5% to 7%. The official half-year report will be published on September 30, 2024.