Energiekontor AG Sees Strong Earnings Growth Despite Share Price Dip

First Berlin Equity Research reiterated its "Buy" rating for Energiekontor AG, updating its price target from EUR 110.00 to EUR 103.00. The adjustment follows Energiekontor's recent annual report and a conference call where 2024 EBT was reported at €36.2 million, aligning with raised guidance (€33m - €37m) and slightly exceeding forecasts of €35.5 million.

For 2025, the company anticipates EBT to double, targeting €70m to €90m. Energiekontor boasts 38 building permits amounting to 1,343 MW, with recent contract wins for 192 MW valued at an estimated €380 million. Share prices have dropped over 30% since the annual report, partly due to a dividend cut from €1.20 to €0.50 for 2024. Despite this, the company remains profitable with an 18% net margin.

Analysts see potential for the dividend to exceed €1.10 in 2025, viewing current share prices as an opportunity for investors given the company's solid business model and promising future earnings.