on Energiekontor AG (isin : DE0005313506)
Energiekontor Adjusts 2024 Earnings Forecast Amid Sales Delays
Energiekontor AG, a prominent German wind and solar park developer, has revised its earnings forecast for 2024 due to project and supply chain delays. The company reduced its expected earnings before taxes (EBT) from an initial range of 30 to 70 million euros to approximately 23 to 27 million euros. This adjustment is attributed to delays in current sales, impacting transactions in Germany and the UK.
Particularly significant is a transaction involving a 47-megawatt wind park in Scotland, postponed to 2025 due to EU authorization requirements. Although these shifts impact the 2024 figures, Energiekontor remains optimistic about its future growth strategy. With 34 projects, totaling 1.1 gigawatts in capacity, planned for the next five years, the company maintains its commitment to achieving a target EBT of 120 million euros by 2028.
R. H.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Energiekontor AG news