Daldrup & Söhne (4DS)

Business description

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.

Stock data

Market cap.€49.6m
Last close€9.10
High / Low (52 weeks)€9.5 / €7.4
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamIndustrials
SectorGeneral Industrials

Price performance

%1m3m12m
Actual(3.7)14.4713.75
Relative *(6.88)9.72(6.78)

* % Relative to local index

Other companies in sector Show

Company news

Drilling to commence for geothermal heating project in the Netherlands

Mon, 31 Oct 2016 20:51:29 GMT

Drilling to resume at Geretsried geothermal project in Bavaria

Mon, 10 Apr 2017 18:48:59 GMT

Daldrup & Soehne: Improving Profitability And Order Backlog

Wed, 18 Oct 2017 12:22:30 GMT

New drilling contract awarded for geothermal project in Belgium

Mon, 18 Sep 2017 14:55:26 GMT

Test and restart of operations of Landau geothermal plant imminent

Wed, 26 Jul 2017 22:52:06 GMT

Investment summary

Daldrup & Söhne continues to benefit from regulatory support for geothermal energy in Germany. This is evidenced by its order backlog of €75m to date, sufficient to support its full engineering capacity for all business divisions into 2019. Meanwhile, its geothermal power plants in Landau and Taufkirchen are scheduled to come online before the end of 2017. Management confirmed, in a press release on 4 October, FY17 guidance of €40m in output (revenue plus change in work-in-progress) and an EBIT margin of 2-5% (compared to 2% in FY16). We believe that the company needs to achieve at least 2.5% EBIT margin in order to cover its interest expenses.

Last updated on 18/10/2017

Key management

Josef Daldrup, Vorstandsvorsitzender
Falk von Kriegsheim, IR Manager

Company address

Lüdinghauser Str. 42-46
Ascheberg
59387
Germany
+49 (0) 25 93 95 93 0
View website