Water extraction

EQS-News: Daldrup & Söhne AG welcomes BMWK and KfW initiative on insurance solutions for deep boreholes

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Wednesday, April 10, 2024
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Oberhaching / Ascheberg, 25 March 2024 - Daldrup & Söhne AG (ISIN DE0007830572), drilling technology and geothermal specialist, supports the initiative of the Federal Ministry of Economics and Technology (BMWK) and the KfW development bank to establish a state-supported insurance solution for the so-called exploration risk for deep geothermal wells.

Key Points: 
  • Oberhaching / Ascheberg, 25 March 2024 - Daldrup & Söhne AG (ISIN DE0007830572), drilling technology and geothermal specialist, supports the initiative of the Federal Ministry of Economics and Technology (BMWK) and the KfW development bank to establish a state-supported insurance solution for the so-called exploration risk for deep geothermal wells.
  • KfW loans can already be applied for the realisation of deep geothermal projects, but the securing of the discovery has not yet been included.
  • Andreas Tönies, CEO of Daldrup & Söhne AG, welcomes the BMWK's plans to insure exploration risks: "A state-backed insurance solution will remove a major hurdle for municipal and private clients of deep geothermal projects.
  • Together with well-known partners in the insurance industry, Daldrup & Söhne AG has developed a concept to cover exploration risks during the construction of deep geothermal projects.

EQS-News: Daldrup & Söhne AG receives drilling order from the City of Frankfurt to explore the local geology

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Sunday, December 18, 2022
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Oberhaching / Ascheberg, 14 December 2022 - Daldrup & Söhne AG (ISIN DE0007830572), drilling technology and geothermal specialist, has received an order from the city of Frankfurt am Main for a research well on the Rebstockbad site.

Key Points: 
  • Oberhaching / Ascheberg, 14 December 2022 - Daldrup & Söhne AG (ISIN DE0007830572), drilling technology and geothermal specialist, has received an order from the city of Frankfurt am Main for a research well on the Rebstockbad site.
  • The results obtained during the drilling will enable the City of Frankfurt to make a well-founded estimate of the total heat potential available and the effort required to extract geothermal energy from the subsoil.
  • The contract value for Daldrup & Söhne AG is around 3.4 million euros.
  • The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment in the open market of the Frankfurt Stock Exchange) and the respective index of selection Scale30.

EQS-News: Daldrup & Söhne AG moves up into the Scale30 selection index

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Thursday, November 3, 2022
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Oberhaching / Ascheberg, 2 November 2022 - Daldrup & Shne AG (ISIN DE0007830572), drilling technology and geothermal specialist, has been reinstated in the Scale30 selection index of Deutsche Brse AG as part of an extraordinary index adjustment as of 11 October 2022.

Key Points: 
  • Oberhaching / Ascheberg, 2 November 2022 - Daldrup & Shne AG (ISIN DE0007830572), drilling technology and geothermal specialist, has been reinstated in the Scale30 selection index of Deutsche Brse AG as part of an extraordinary index adjustment as of 11 October 2022.
  • Daldrup & Shne AG (ISIN: DE0007830572, WKN: 783057) with a corporate history spanning more than 75 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).
  • In the Raw Materials and Exploration business division, the bores made by Daldrup & Shne AG serve for exploring and developing fossil fuel deposits (especially coal and gas) as well as mineral resources and ores (e.g.

EQS-News: Daldrup & Söhne AG significantly increases EBIT result in H1 2022

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Friday, September 30, 2022
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The group achieved earnings before interest and taxes (EBIT) of 1.2 million euros (0.6 million euros).

Key Points: 
  • The group achieved earnings before interest and taxes (EBIT) of 1.2 million euros (0.6 million euros).
  • The EBIT includes about 400 kEUR from the sale of power plant components of the Kalina technology.
  • For Daldrup & Shne AG, the first half of 2022 was characterised by a positive operative development in all business areas despite the deteriorating general economic environment.
  • The order situation in all business areas of Daldrup & Shne AG remains satisfactory.

EQS-News: Daldrup & Söhne AG receives drilling order for the exploration of an aquifer storage facility from Hamburger Energiewerke GmbH

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Monday, September 26, 2022
Groundwater, Development, ISIN, Geothermal energy, Tiefstack Power Station, Sale, AG, Population, Industry, Gold, WKN, Environment, Copper, Electricity, Water extraction, Technology, Heat, Raw material, Drinking, Collection, Water purification, EDS, Plant, Coal, Renewable energy, Geothermal power in the United Kingdom

Drilling is scheduled to start in November 2022, and the drilling length is planned to be approximately 1,600 m each.

Key Points: 
  • Drilling is scheduled to start in November 2022, and the drilling length is planned to be approximately 1,600 m each.
  • Board spokesman Andereas Tnies says of the drilling order: "Aquifer storage facilities are an important building block in the development of a climate-friendly heat supply.
  • The client wants to construct a so-called aquifer storage facility at the Tiefstack site in Hamburg.
  • This is to serve as a seasonal storage facility for surplus, climate-neutral excess heat from regional industrial and waste processing plants.

DGAP-News: Daldrup & Söhne AG elects new supervisory board

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Friday, August 26, 2022
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The shareholders elected Dr Michaela Daldrup-Arnold as a new member of the Supervisory Board.

Key Points: 
  • The shareholders elected Dr Michaela Daldrup-Arnold as a new member of the Supervisory Board.
  • Wolfgang Quecke, a member of the Supervisory Board since the IPO, was not available for another term of office.
  • The Annual General Meeting discharged the members of the Executive Board and the Supervisory Board and approved the election of the auditor of the financial statements and the consolidated financial statements.
  • As of mid-August, the order backlog stood at 27.5 million euros and the market volume relevant for Daldrup & Shne AG at around 136 million euros.

DGAP-News: Daldrup & Söhne AG operationally back in the profit zone

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Tuesday, June 7, 2022
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Consequently, partially completed work decreased by 33.2 million euros, so that the company reported a total operating performance of 44.9 million euros (47.5 million euros).

Key Points: 
  • Consequently, partially completed work decreased by 33.2 million euros, so that the company reported a total operating performance of 44.9 million euros (47.5 million euros).
  • Daldrup & Shne AG thus exceeded the 2021 forecast for total operating performance (around 43 million euros) and achieved the EBIT result in the upper part of the range (0.9 to 1.7 million euros).
  • For the first time in many years, the Group reports a surplus of 0.8 million euros (loss of 5.2 million euros) for 2021.
  • In the reporting year, Daldrup & Shne AG successfully continued on its path of financial and operational consolidation.

GSTX Announces Acquisition of Leading Edge Advanced Thin-Film Technology Development Corporation, Purchasing 120 International Israeli SA Patents for US$ 47 Million

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Wednesday, November 3, 2021
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GSTX purchased 120 internationally registered, patented technologies and thin-film applications from Cima NanoTech, in Israel.

Key Points: 
  • GSTX purchased 120 internationally registered, patented technologies and thin-film applications from Cima NanoTech, in Israel.
  • Following the US $47 million purchase, a new USA subsidiary was formed to hold the assets, US Thin-Film Corporation (USTC).
  • Thin-film solar applications are a recent solar industry innovation which when combined with emerging Nanotech Solar applications have significantly advanced Solar industry technologies.
  • Transparent and flexible seamless, light-weight solar panels will largely replace existing cumbersome, metal-framed solar installations in buildings around the world.

DGAP-News: Daldrup & Söhne AG receives further order from Switzerland for geothermal wells

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Monday, October 18, 2021
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Oberhaching / Ascheberg, 18 Oct. 2021 - The drilling technology and geothermal specialist Daldrup & Shne AG (ISIN DE0007830572) has received an order from a regional Swiss consortium for a deviated exploratory well and an optional second well to develop a hydrogeothermal reservoir in the Middle Jura near Vinzel in western Switzerland.

Key Points: 
  • Oberhaching / Ascheberg, 18 Oct. 2021 - The drilling technology and geothermal specialist Daldrup & Shne AG (ISIN DE0007830572) has received an order from a regional Swiss consortium for a deviated exploratory well and an optional second well to develop a hydrogeothermal reservoir in the Middle Jura near Vinzel in western Switzerland.
  • In addition to the contract in the Rhone Valley near Lavey (see Corporate News of 23.06.2021), this is the second contract for Daldrup & Shne AG for the development of geothermal energy in Western Switzerland.
  • Thus, Daldrup & Shne AG further expands its good market position in Switzerland for special and exploratory drilling as well as for geothermal drilling.
  • Daldrup & Shne AG (ISIN: DE0007830572, WKN: 783057) with a corporate history spanning
    of the leading companies in Germany.

DGAP-News: Daldrup & Söhne AG increases EBIT result in H1 2021

Retrieved on: 
Thursday, September 30, 2021
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The Group's half-year earnings before interest, taxes, depreciation and amortisation (EBITDA) as at 30 June 2021 improved slightly to 1.8 million (1.7 million).

Key Points: 
  • The Group's half-year earnings before interest, taxes, depreciation and amortisation (EBITDA) as at 30 June 2021 improved slightly to 1.8 million (1.7 million).
  • At the operating level, the Group again achieved a positive result (EBIT) of EUR 611 thousand (EUR 549 thousand), an increase of around 11 percent.
  • The Annual General Meeting of Daldrup & Shne AG on 26 August 2021 approved the administration's proposal to elect Wolfgang Bosbach as the fourth member of the Supervisory Board by a large majority.
  • The order situation in all business areas of Daldrup & Shne AG remains satisfactory.