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.
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.