Bloomberg News

Energiekontor Forecasts Higher Revenue After Return to Profit

April 01, 2012

Energiekontor AG (EKT) forecast 2012 revenue to rise after the German developer of wind parks returned to profit in 2011.

Pretax profit was 12.4 million euros ($17 million) in 2011 compared with a loss of 2.5 million euros the year earlier, the Bremen-based company said in a statement today. Sales rose 97 percent to 63.3 million euros, helped by the sale of project rights to an offshore windpark.

The company said it expects revenue to increase further this year as it adds wind parks in the U.K. and Germany to its portfolio.

To contact the reporter on this story: Richard Weiss in Frankfurt at rweiss5@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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