Daldrup & Söhne

DB: 4DS

Market Cap€30.6m

Last Close €5.1

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.

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Investment summary

Daldrup & Söhne (Daldrup) reported business as usual in H121 despite the COVID-19 pandemic. Management maintained its FY21 guidance of a total output of around €43m and an underlying EBIT margin of 2–4%. The long-term growth prospects for Daldrup are very positive because geothermal energy offers a great alternative to fossil fuels for governments’ policies on reducing carbon emissions. Geothermal electricity and heat are generated in an almost CO2-neutral manner.

Content on Daldrup & Söhne
Daldrup & Soehne – Business as usual during pandemic
Industrials | Update | 14 October 2021
Daldrup & Söhne AG – EKF interview
Industrials | Edison TV | 2 November 2020
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Share price graph
Price performance
%
1m
3m
12m
Actual 7.6 22.0 53.2
Relative* 12.5 26.6 33.6
52-week high/low €5.9/€2.9
*% relative to local index
Key management
Falk von Kriegsheim IR Manager
Josef Daldrup Vorstandsvorsitzender