Energiekontor (EKT) Q1 2026 earnings summary

Executive summary

• Operates in five countries with 39 group-owned wind and solar parks totaling around 450 MW; nine projects under construction will increase capacity to over 680 MW upon commissioning.

• Business model combines project development, sales, and operational management, supporting double-digit organic growth and financial stability.

• Growth strategy targets average annual EBT growth of 15% from 2023 to 2028, aiming to double EBT from €60 million to €120 million by 2028.

Financial highlights

• Share price closed Q1 2026 at €38.10, up 6.6% from the start of the year, outperforming the SDAX and TecDAX indices.

• Market capitalization stood at approximately €531 million as of 31 March 2026.

• No project sales occurred in Q1 2026; segment EBT expected from project sales and commissioning of wind parks sold in 2025.

• Group-owned parks generated 193 GWh in Q1 2026, up from 147 GWh in Q1 2025, driven by improved wind conditions and portfolio expansion.

Outlook and guidance

• Group EBT for 2026 expected in the range of €40–60 million (2025: €40.5 million).

• Project development and sales segment EBT forecasted slightly above 2025 (€20.8 million); power generation segment EBT also expected slightly above 2025 (€17.1 million).

• 2023–2028 strategy confirmed, with a target of €120 million EBT by 2028, despite increased regulatory and market complexity.