Daldrup & Soehne AG

Latest Results (19.03.2026):

Summary — Daldrup & Söhne AG, Q4 2024 / fiscal year 2024: The company reported a strong full‑year 2024 performance (reported in the 2024 Annual Report). Group total operating output rose to EUR 54.6m (+12.8% y/y), EBITDA increased to EUR 8.5m (+72.6%) and EBIT jumped to EUR 6.9m (+168.3%), producing a Group net income of EUR 2.5m (+179.4%). The EBIT margin was 12.7% on total output. At year‑end the balance sheet showed total assets of EUR 34.2m (‑19.0% y/y) and an improved equity ratio of 68.8% (up from 49.7%). Management signals continued focus on fleet and personnel investments and guides for 2025 total output around EUR 52m with an EBIT margin of 9–12%.

Key financials

Total operating output: EUR 54,592k (≈ EUR 54.6m), +12.8% vs 2023. EBITDA: EUR 8,524k (≈ EUR 8.5m), +72.6%. EBIT: EUR 6,937k (≈ EUR 6.9m), +168.3%. Group net income: EUR 2,487k (≈ EUR 2.5m), +179.4%.

Profitability and margins

EBIT margin on total output: 12.7%, well above prior-year and above the company’s summer 2024 forecast range. Management expects to maintain an EBIT margin in the 9–12% range for fiscal 2025, targeting sustainable double‑digit levels over time.

Balance sheet and capital structure

Total assets declined to EUR 34,213k (‑19.0% y/y). Group equity ratio rose markedly to 68.8% (from 49.7%), signalling a stronger capital base and lower leverage.

Order backlog and market pipeline

Order backlog reported at around EUR 31.0m as of March 2025 (compared with EUR 38.5m as of March 2024). The company cites a “relevant market” volume of EUR 405.0m (March 2025) vs EUR 263.0m a year earlier — indicating a larger addressable market for its services.

Operational highlights and investments

Performance driven by good utilisation of drilling teams and fleet across segments (geothermal, raw materials & exploration, water extraction). Management continues to invest in equipment upgrades, training and recruitment to relieve personnel bottlenecks and increase capacity.

Outlook and strategic context

Management emphasises strong demand for geothermal and specialised drilling services amid energy‑security and decarbonisation trends. For 2025 the company expects total output ≈ EUR 52m and an EBIT margin of 9–12%, assuming normal course of business.

Corporate / governance notes

Shareholder structure (as of 23 Aug 2024): Daldrup family 58.36%, free float 41.64%. Management thanked employees for 2024 performance; CFO’s contract ended July 2024 and CEO temporarily managing finance functions.