Energiekontor AG Navigates 2024 Transition Year

Energiekontor AG reported successful completion of its transition year, fulfilling its adjusted forecast for 2024. The company noted a drop in both sales and earnings compared to the previous year, aligning with expectations. The dividend proposal was adjusted to 0.50 euros per share, reflecting the year's financial outcomes.

During a challenging market environment, revenues reached 126.5 million euros, down from 241.8 million euros in the previous year. The total income was 195.9 million euros, a decrease from 275.4 million euros in 2023. Notably, delays in project development and supply chain issues impacted performance.

Energiekontor's strategy includes expanding its project pipeline to 11.2 gigawatts despite challenges. The company remains optimistic about substantial improvements for 2025, forecasting notable growth in Group EBT, leveraging its solid project pipeline and international ventures.

The proposed dividend distribution corresponds to about 43% of Energiekontor's balance sheet profits, with an expectation for significant financial improvement in 2025, driven by planned sales in key markets.