ABO Wind Reports Eight-Figure Net Profit For 2019

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  • According to preliminary figures, ABO Wind group net profit for 2019 amounts to 11.4 million euros, around 10% below result of the previous year (12.7 million euros).
  • Share of international activities in group revenues increases to 58 percent.
  • The company is currently developing several large wind and solar parks with a capacity of 30 to 140 megawatts each in South Africa
  • They also recently announced solar projects that power poultry breeding farms in Tunisia. Read more

In June 2019, the Managing Board had stated the expectation that the ABO Wind group would earn “around ten million euros” in the financial year and confirmed this forecast when the half-year report was published.

“It is not ruled out that the ongoing audit of the financial report may still reveal a need for correction,” says Managing Director Dr. Jochen Ahn. However, it is becoming increasingly apparent that ABO Wind has achieved an eight-figure consolidated profit after taxes for the fourth time in a row. “This confirms our strategy, which is focused on continuity.” International markets are increasingly contributing to the company’s ongoing success. In 2019 ABO Wind generated 58 percent of its group revenues outside Germany.

The annual report will be published on 9 June after its approval by the Supervisory Board.

Author: Bryan Groenendaal


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