Daldrup & Söhne

DB: 4DS

€42.2m market cap

€7 last close

Daldrup & Söhne AG is an onshore drilling and environmental services company, with vertically integrated competences in geothermal projects (from feasibility study, permitting and constructing to power supply contracting). It is seeking to create predictable revenue stream as an independent power producer.

Investment summary

Daldrup & Söhne (D&S) continues to increase its presence in geothermal generation and was recently awarded a new drilling concession for the Neuried claim. The order book remains strong and the macro environment is positive in our view. Daldrup & Söhne is on track to meet FY18 management guidance and we believe further growth is likely in the coming years.

Sector
Industrials
Share price graph
Price performance
%
1m
3m
12m
Actual (11.3) (21.2) (44.5)
Relative* (13.5) (22.5) (39.4)
52-week high/low €12.6/€7.0
*% relative to local index
Key management
Falk von Kriegsheim IR Manager
Josef Daldrup Vorstandsvorsitzender