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Energiekontor with strong annual result in 2020

Release from 2021-31-03

  • Sales, EBT and Group earnings increased very significantly in 2020
  • Strong growth in project pipeline
  • Proposed dividend: EUR 0.80
  • Optimistic outlook

Bremen, 31 March 2021 - Energiekontor looks back on a very successful 2020 financial year in operational terms. All of the Group's key figures increased significantly. Sales rose to around EUR 146.6 million (2019: € 63.7 million), earnings before taxes (EBT) to around EUR 31.2 million (2019: EUR 0.8 million) and Group earnings to EUR 20.4 million (2019: EUR 0.2 million).

In 2020, two wind farms and four solar farms with a cumulative capacity of 44 MW were commissioned. All of these four wind farms and solar parks were sold to investors.

With the conclusion of further PPAs (power purchase agreements), Energiekontor once again lived up to its pioneering role in this area. A PPA for a 41.5 MW solar farm planned by Energiekontor in Mecklenburg-Western Pomerania was concluded with the French electricity supplier ENGIE, and in Wales a PPA for a 4.5 MW wind farm project.

Financial close was reached in the past year for seven wind farms and one solar farm with a total capacity of around 90 MW. These projects are scheduled to be commissioned at the end of 2021/beginning of 2022. Energiekontor was very successful in the Federal Network Agency's tenders in 2020 and was awarded a total of 117.5 MW (wind & solar).

Overall, Energiekontor made great progress in expanding and developing its project pipeline. Despite Corona and the associated contact restrictions, the pipeline was strongly expanded. This applies both to the established markets of Germany and the UK (with a focus on Scotland) and to the newer markets of France and the USA. Overall, the project pipeline has now been expanded to approx. 6,000 MW.

Dividend proposal: EUR 0.80

In view of the positive development of the 2020 financial year, the Supervisory Board and Management Board plan to submit a dividend proposal of € 0.80 per share to the Annual General Meeting on 20 May 2021.

Encouraging prospects

Due to the well-filled project pipeline and the progress recorded in the projects, the Management Board is optimistic that further earnings growth can be generated in the current financial year. From today's perspective, growth of 10-20% is expected.

Annual Report 2020

The annual report for the 2020 financial year was published today. It can be downloaded from the Company's website at www.energiekontor.de/en/investor-relations/financial-reports

About Energiekontor AG:

A solid business policy and a lot of experience in renewable energies: Energiekontor has stood for this for 30 years. Founded in Bremerhaven in 1990, the Company is one of the pioneers in the industry and is now one of the leading German project developers. The core business ranges from planning and construction to the operational management of wind farms in Germany and abroad and was expanded to include solar energy in 2010. In addition, Energiekontor operates wind and solar farms with a nominal output of almost 280 megawatts in its own portfolio. Energiekontor also aims to play a pioneering role in economic terms and to realise the first wind and solar parks in all target markets at market prices as quickly as possible, independently of state subsidies.

In addition to its headquarters in Bremen, Energiekontor has offices in Bremerhaven, Hagen im Bremischen, Aachen, Augsburg, Bernau near Berlin and Potsdam. The Company also has offices in England (Leeds), Scotland (Edinburgh, Glasgow), Portugal (Lisbon), USA (Austin/Texas and Rapid City/South Dakota) and France (Toulouse, Rouen).

The proud record since the Company was founded: 126 realised wind farms and 12 solar parks with a total output of over 1 gigawatt. This corresponds to an investment volume of around 1.7 billion euros.

The Company went public on 25 May 2000. The share of Energiekontor AG (WKN 531350 / ISIN DE0005313506) is listed in the General Standard of the German Stock Exchange in Frankfurt and can be traded on all German stock exchanges.

Investor Relations / Press
Peter Alex
Tel.: +49 421 3304-126
E-Mail: Peter.Alex@energiekontor.de