ABO Energy GmbH & Co. KGaA

Latest Results (23.03.2026):

ABO Energy GmbH & Co. KGaA — Q4 / FY 2024: The company reported a net profit of €25.6 million for the 2024 financial year (second‑best result in its history), narrowly below the original guidance range of €25–31 million after delays in construction/sales and a write‑down. ABO Energy remains profitable for the third consecutive year above €20 million, publishes a long‑term earnings forecast (rising further through 2028) and highlights a large development pipeline and financing steps to support growth.

Key financials

Reported net profit: €25.6m (FY 2024). Per‑share metrics: EBITDA per share €7.11 and net profit per share €2.77. Proposed dividend: €0.65 per share. Book value per share €23.10; share price as of 31.12.2024: €36.10 (P/E ≈13.0 based on year data presented).

Guidance and outlook

The company narrowly missed its 2024 target band (originally €25–31m) due to project delays and a write‑down but remains confident in growth: management published a multi‑year net profit forecast through 2028 and expects substantially higher earnings (c. €50m p.a. range from 2027 onwards under current planning).

Project pipeline and permits

Pipeline: ~32 GW of wind, solar and battery projects (18.5 GW wind, 9.4 GW solar, 4 GW battery) aggregated across development stages. Germany: 8,088 MW in development and 2024 approvals of ~335 MW wind and ~120 MW solar. Note: South Africa pipeline reported with a 25% conservative factor in some disclosures due to execution/connection uncertainty.

Operational milestones and projects

Completed first two South American projects (Colombia, ~10 MW each) in 2024. Hydrogen: Copenhagen Infrastructure Partners agreed to acquire 90% of the Canadian Toqlukuti‘k wind+hydrogen project, strengthening prospects for a very large long‑term project.

Financing and sustainability

Issued an €80m five‑year green bond to finance development and construction of wind, solar and battery projects. Company prepared a voluntary sustainability report for 2024 and reported a positive sustainability rating (“very good”) in the document.

Business model / capital management

Management emphasises two execution models to manage capital: (1) turnkey build‑and‑sell (higher margin, higher capital tie‑up) and (2) early sale of project rights (lower capital requirement). The large pipeline will require continued financing discipline and use of both approaches.

Corporate and governance notes

Legal form changed to ABO Energy GmbH & Co. KGaA in 2024; founders remain significant shareholders and retain influence via the general partner. Supervisory Board expanded during 2024 and employee representation was added.