Daldrup & Söhne - New business focus should benefit FY20
FY19 was a year of significant change for Daldrup & Söhne (D&S), marked by the disposal of Geysir Europe. With a strengthened balance sheet, a renewed focus on its drilling activities, a healthy order book and further improvements to internal control mechanisms targeted, the management board (and consensus forecasts) expect an improvement in profitability in FY20.Daldrup & Soehne AG is a provider of drilling and environmental services in Germany and Central Europe. Co.'s activities are organized into the following business units: Geothermal Energy business unit provides drilling services for near-surface geothermal energy; In the Raw Materials & Exploration business unit, Co. carries out drilling operations on behalf of national and international mining companies in exploration of deposits of fossil fuels and mineral raw materials; The Water Procurement business unit includes drilling wells to obtain drinking water; EDS provides environmental technology services to clients.
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