Corporate | 14 August 2025 07:30
Energiekontor AG: Strong project business drives significant improvement in Group earnings in the first half of 2025
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Energiekontor AG
/ Key word(s): Half Year Report
Strong project business drives significant improvement in Group earnings in the first half of 2025 Bremen, 14 August 2025 – Energiekontor AG (“Energiekontor”), a leading German project developer and operator of wind and solar parks based in Bremen and listed in the General Standard, achieved a significant increase in Group earnings in the first half of 2025. A major contribution was made by the project business. Further projects are to be sold. Energiekontor confirms both the forecast for the 2025 financial year and its growth strategy for 2023 to 2028. The first half of 2025 at a glance In the first half of 2025, Energiekontor made significant progress in project development and the expansion of its own park portfolio. Two wind projects were sold. An additional two purchase agreements were concluded and were recently confirmed by the buyer’s local government supervisory authority. The Group’s own portfolio underwent noticeable expansion and was further diversified in terms of technology. Several other projects are under construction for the company’s own portfolio. A large number of approved and subsidised projects, which are due to reach financial close in the near future, offer further potential for sales and expansion. Energiekontor has also succeeded in expanding its valuable project pipeline (excluding US project rights) to around 11.4 gigawatts, while also increasing the proportion of projects in advanced development phases to over 2.8 gigawatts. During the first half of 2025, Energiekontor carefully reviewed its US wind business (most recently 333 megawatts) and made the decision to discontinue it in light of the Trump administration’s policy of restricting wind energy. The previously mentioned progress began to bear fruit in the first half of 2025, and this is now also reflected in the Group’s figures – although extremely weak wind volumes slowed down the actual momentum of the overall development to a certain extent. In this context, Energiekontor succeeded in achieving Group sales of 76.0 million euros in the first half of 2025, which is roughly on a par with the same period in the previous year (H1 2024: 78.0 million euros). By contrast, Group earnings before taxes (EBT) rose by 69.5 percent to 28.3 million euros (H1 2024: 16.7 million euros). This means Energiekontor is well on track to meet its annual forecast for the 2025 financial year. Total income amounted to 171.5 million euros in the first half of 2025 (H1 2024: 95.7 million euros). The 79.2 percent increase in this figure is due mainly to higher changes in inventories resulting from the large number of projects currently under construction. Other operating income decreased compared to the previous year’s reporting date. Operating expenses were higher, primarily as a result of a rise in the cost of materials and personnel costs. Depreciation and amortisation decreased. Consequently, the operating result (EBIT) amounted to 39.3 million euros (H1 2024: 23.8 million euros). Adjusted for a reduced interest result, Energiekontor recorded Group earnings before taxes (EBT) of 28.3 million euros, as mentioned above. The Group tax rate amounted to 15.1 percent, due in particular to favourable tax conditions abroad (H1 2024: 29.5 percent), which resulted in a doubling of Group net profit after taxes in the amount of 24.1 million euros (H1 2024: 11.8 million euros). Earnings per share increased accordingly to 1.72 euros (H1 2024: 0.85 euros). Project development segment picks up speed In the first half of 2025, Energiekontor sold two wind projects: one in Scotland and one in Germany. The purchase agreements for two additional transactions in Germany had already been signed at the end of June 2025. Final confirmation was recently granted by the buyer’s local government supervisory authority. With significantly improved external sales revenues totalling 43.3 million euros (H1 2024: 33.6 million euros) and a marked increase in changes in inventories of finished products and work in progress, the segment made a substantial contribution to the positive development of Group earnings. Compared to the weak first half of 2024 EBT for the segment amounted to 22.9 million euros in the first half of 2025. (H1 2024 0.8 million euros). Energiekontor commissioned a solar park and a wind park in Germany in the first half of 2025. The Letschin solar park has been contributing to the earnings of the power generation segment ever since. As at 30 June 2025, a total of 15 projects were under construction or had reached financial close. This includes eight wind and solar projects, which are expected to increase Energiekontor’s own portfolio to at least 650 megawatts in due course. With Energiekontor having been awarded EEG contracts comprising more than 320 megawatts for twelve wind projects and one solar project in this year’s first tenders by the Federal Network Agency alone, additional projects intended for sale and for the company’s own park portfolio are expected to reach financial close in the 2025 financial year. In addition, 33 building permits for more than 1.2 gigawatts had been granted as of the reporting date. Power generation segment has potential for improvement owing to weather conditions In the first half of 2025, external sales revenues from power generation in the Group-owned wind and solar parks segment were below the previous year’s level and amounted to 30.7 million euros (H1 2024: 41.8 million euros). EBT for the segment fell to 4.8 million euros (H1 2024: 14.3 million euros). Gross electricity production at the Group’s own parks totalled around 287 gigawatt hours in the first half of 2025 (H1 2024: 320 gigawatt hours). The total generation capacity of the Group’s own portfolio of wind and solar parks amounted to around 444 megawatts as at 30 June 2025. The reduction in electricity production in the first six months of 2025 is primarily due to the sharp drop in wind levels and the lower supply of solar energy during this period and compared to the previous year. Moreover, the level of electricity remuneration declined slightly, especially for short-term hedged parks due to lower PPA market prices. The new Letschin solar park, transferred to the Group’s park portfolio at the end of March 2025, and the Alfstedt wind park, fully operational again since May 2025, had a partially offsetting effect. There is potential for growth provided that weather conditions improve in the second half of 2025. Decline in the operation development, innovation and others segment As the operation development, innovation and others segment is dependent on the earnings of the power generation segment as the basis for operating income, it also recorded a decline in sales and earnings in the first half of 2025. External sales revenues totalled 2.1 million euros (H1 2024: 2.7 million euros). EBT for the segment fell to 0.6 million euros (H1 2024: 1.6 million euros). Forecast for financial year 2025 and 2023 to 2028 growth strategy confirmed The Management Board of Energiekontor AG is adhering to the target issued at the beginning of the year and expects Group EBT for the 2025 financial year to be well above the previous year’s result, in a range between 70 million and 90 million euros (2024: 36.2 million euros). In the 2025 financial year, Group EBT is expected to be generated as planned and result primarily from project sales in Germany, the United Kingdom and the United States (solar). Most of the planned contributions to EBT are attributable to ready-to-build sales in the United Kingdom. The company is currently involved in negotiations on several projects in Germany and abroad, some of which are at an advanced stage and are expected to come to a successful conclusion in the weeks and months ahead. The Management Board of Energiekontor AG remains very positive about the company’s development and business performance in the years ahead. Thanks to a well-filled project pipeline, a large number of projects in late maturity phases and projects already approved and awarded subsidies, all necessary steps are being taken to achieve the growth targets of the 2023 to 2028 strategy as planned. Assuming that earnings development levels out over the multi-year growth strategy period, the growth strategy for 2023 to 2028 and target EBT of around 120 million euros for the 2028 financial year are confirmed once again. “We have made very good progress in the first six months of 2025 and are working intensively on the further development and sales of our projects. Apart from this, we have come to realise that we are not only operating in what is a challenging market environment, but also in one that has changed in socio-political terms. The new scepticism toward climate change makes us an important player. Our task is to consistently help shape what is an inevitable transition to renewable energies and to do our part to ensure a reliable, climate-friendly energy supply. That we are able to do this even in the face of complex conditions is demonstrated by our steady growth and the successful implementation of our projects,” says Peter Szabo, CEO of Energiekontor AG. The report for the first half of 2025 is available for download at https://www.energiekontor.de/en/investor-relations/financial-reports.html . About Energiekontor AG For almost 35 years, Energiekontor has stood for a solid business policy and extensive experience in renewable energies. Founded in Bremerhaven, Germany, in 1990, the company is among the pioneers in its industry and is now one of Germany’s leading project developers. Its core business ranges from the planning and construction to the operational management of wind and solar parks in Germany and abroad. In addition, Energiekontor operates 39 wind and solar parks with a total nominal power of around 444 megawatts in its own portfolio. More than 200 megawatts, which are also earmarked for the Group’s own portfolio, are currently under construction. Energiekontor also plays a pioneering role in economic terms and aims to realise the first wind and solar parks in all target markets at market prices as quickly as possible, independently of state subsidies. Along with its headquarters in Bremen, Germany, Energiekontor has offices in Bremerhaven, Hagen im Bremischen, Aachen, Augsburg, Berlin, Potsdam and Hildesheim. The company also has branch offices in England, Scotland, Portugal, France and the United States. Since being established, Energiekontor has a proud track record of realising more than 170 wind and solar park projects with a total nominal power of over 1.5 gigawatts. This corresponds to an investment volume of more than 2.3 billion euros. The significantly expanded project pipeline in the first half of 2025 (11.4 gigawatts excluding US project rights) shows the future growth potential and the possible contribution that Energiekontor can make to the expansion of renewable energies. Energiekontor AG (WKN 531350/ISIN DE0005313506/General Standard) is listed on the SDAX of the German Stock Exchange in Frankfurt. Shares can be traded on all German stock markets. Contact
Julia Pschribülla
Kathrin Mateoschus
Email for investor relations matters:
ir@energiekontor.com
Energiekontor AG
Phone: +49 (0)421 3304-0
14.08.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group.
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| Language: | English |
| Company: | Energiekontor AG |
| Mary-Somerville-Straße 5 | |
| 28359 Bremen | |
| Germany | |
| Phone: | 04 21/33 04-126 |
| Fax: | 04 21/33 04-4 44 |
| E-mail: | ir@energiekontor.de |
| Internet: | www.energiekontor.de |
| ISIN: | DE0005313506 |
| WKN: | 531350 |
| Indices: | SDAX, |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2183562 |
| End of News | EQS News Service |
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2183562 14.08.2025 CET/CEST