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Daldrup & Söhne AG
Business and Financial Review • May 15, 2017
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Business and Financial Review
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Corporate | 15 May 2017 07:49
Daldrup & Söhne AG: With a volume of orders worth 65 million Euros, Daldrup & Söhne AG working to capacity till end of 2018
DGAP-News: Daldrup & Söhne AG / Key word(s): Incoming Orders
15.05.2017 / 07:49
The issuer is solely responsible for the content of this announcement.
CORPORATE NEWS
With a volume of orders worth 65 million Euros, Daldrup & Söhne AG working to capacity till end of 2018
– Significant orders for all business divisions secured
– Research contract awarded by Leibnitz Institute for Applied Geophysics
Grünwald / Ascheberg, Germany, May 15, 2017 – The drilling technology and geothermics specialist Daldrup & Söhne AG (ISIN DE0007830572) has secured significant orders for all of its business divisions over the last couple of months. These include exploratory drillings for the extraction of raw materials (e.g. salts and coal), drillings for the development of deep geothermal waters, and mining-related assignments. Orders were placed by German businesses as well as by companies from Switzerland, Poland and the BeNeLux countries. With these drillings and the order by energy provider Stadtwerke Munich, the volume of orders will increase to around 65 million Euros by May 31, 2017, with additional orders already in the pipeline.
“The Daldrup Group will be working to capacity until the end of 2018”, says Daldrup & Söhne CEO Josef Daldrup. “After a lean year in 2015 and somewhat muted growth during the first half of 2016, our order books are currently much fuller than they have been for a long time. The demand for geothermal deep drillings continues to be strong in Europe. I am convinced that we are at the beginning of a strong growth cycle for the use of geothermal energy, and that Daldrup & Söhne AG will be able to benefit from this.”
Order for further exploration of Bavarian Molasse Basin received
The Leibnitz Institute for Applied Geophysics (LIAG) has placed an order worth around 1 million Euros with Daldrup & Söhne AG as part of the Dolomitkluft research project. The goal of the research project is to explore the high-temperature ranges in the various geological layers.
About Daldrup & Söhne AG
Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a corporate history spanning more than 60 years is a specialist provider of drilling and environmental services and ranks as one of the leading companies in Germany. Its activities are divided into the business divisions Geothermics, Raw Materials & Exploration, Water Extraction as well as Environment, Development & Services (EDS). The Geothermics business division provides drilling services for near-surface geothermics (especially geothermal probes of heat pumps), along with drilling services for deep geothermics up to 6000 m, in order to utilise the geothermal energy accessible in this way for electricity and/or heat generation. In the Raw Materials and Exploration business division, the bores made by Daldrup & Söhne AG serve for exploring and developing fossil fuel deposits (especially coal and gas) as well as mineral resources and ores (e.g. copper and gold). The Water Extraction business division comprises well construction for the extraction of drinking, service, curative, mineral, boiler-feed or cooling water as well thermal brine. The Environment, Development & Services (EDS) business division comprises special environmental engineering services such as the hydraulic clean-up of contaminated sites, the drilling of gas extraction wells for recovering waste dump gas, the provision of groundwater quality measuring points or the installation of water purification plants.
The majority stake in Geysir Europe GmbH also gives the Daldrup Group its own fields of experience in the exploration of geothermal energy in the Bavarian Molasse Basin and in the Upper Rhine Plain. The existing project management and power station expertise means that all stages of value creation can be covered for a deep geothermics project.
The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment in the open market of the Frankfurt Stock Exchange).
Disclaimer
This publication represents neither an offer for sale nor a call to submit a tender for the purchase or underwriting of securities. This publication and the information it contains is not intended for direct or indirect dissemination in or within the United States of America (“USA”), Canada, Australia or Japan.
Press & Investor Relations Contact:
Daldrup & Söhne AG
Falk v. Kriegsheim
Phone +49 (0)2593-9593-29
Fax +49 (0)2593-9593-60
Bavariafilmplatz 7 [email protected]
82031 Grünwald/Geiselgasteig www.daldrup.eu
15.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Daldrup & Söhne AG |
| Bavariafilmplatz 7 / Gb. 32 | |
| 82031 Grünwald/Geiselgasteig | |
| Germany | |
| Phone: | +49 (0) 89 / 45 24 37 920 |
| Fax: | – |
| E-mail: | [email protected] |
| Internet: | www.daldrup.eu |
| ISIN: | DE0007830572 |
| WKN: | 783057 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt |
| End of News | DGAP News Service |