|
EQS-News: ABO Wind AG
/ Key word(s): Forecast
Sucessful projects shape business development ABO Wind is well on its way to achieving last year’s record net profit level again this year and the next. “Especially the rise in interest rates is a challenge for us too,” says Managing Director Alexander Reinicke. "However, the successful development of many individual wind, solar and battery projects makes it possible to confirm the good forecast for 2023 and to be confident for next year as well.” In 2022, ABO Wind earned 24.6 million euros after taxes and thus a net profit of more than 20 million euros for the first time. The Managing Board is convinced that the jump in net profit in the previous year was sustainable and that further increases will be possible in the medium term. For the current year, the Managing Board expects a net profit of the ABO Wind group of between 22 and 26 million euros, as already stated in the 2022 Annual Report. As there are always a lot of relevant events in project development happening in the final weeks of the year, the forecast range remains unchanged. The Managing Board also expects business to develop well in 2024 and, according to current planning, expects a net profit of between 25 and 31 million euros. Annual net profits are expected to increase in the following years. The basis for the company’s continued success is the number of projects in development. This Pipeline has steadily increased in volume and quality over the past few years. More and more projects are gradually reaching ready-to-build status. “Depending on the market environment and our own resources, we can then either realise them ourselves on a turnkey basis or sell them prematurely at good conditions,” explains Reinicke. For the “Gross performance” item, which includes sales revenue and changes in inventories, the Managing Board expects annual increases of 10 to 30 per cent in both 2023 and 2024.
30.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | ABO Wind AG |
| Unter den Eichen 7 | |
| 65195 Wiesbaden | |
| Germany | |
| Phone: | +49 (0)611 26 765 0 |
| Fax: | +49 (0)611 26 765 5199 |
| E-mail: | global@abo-wind.de |
| Internet: | www.abo-wind.de |
| ISIN: | DE0005760029 |
| WKN: | 576002 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange |
| EQS News ID: | 1786687 |
| End of News | EQS News Service |
|
|
1786687 30.11.2023 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
