Energy - Energiekontor raises profit forecast
The wind and solar farm operator Energiekontor is raising its profit outlook following the completed sale of a wind farm project in Scotland. The SDax company announced in Bremen on Friday evening that pre-tax earnings are now expected to increase by around 30 to 60 percent to EUR 80 to 100 million this year.
Previously, the management had planned a pre-tax profit increase of 10 to 20 percent. The onshore wind farm project sold is the Garbet project near the town of Dufftown in the north-east of the Highlands of Scotland. The Energiekontor share rose by five percent after the close of trading on the Tradegate trading platform compared to the Xetra close.
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- The positive financial performance of Energiekontor in Germany has attracted the attention of investors in the SDAX index, potentially leading to an increase in their shares.
- Despite the strong profit forecast revised for Energiekontor, the German energy sector still faces challenges related to the country's energy transition goals.
- The successful sale of the Garbet wind farm project in Scotland contributed significantly to Energiekontor's financial improvement, helping the company achieve its revised pre-tax result target for this year.
Source: www.stern.de
