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euro adhoc: Energiekontor AG
Annual Reports
Energiekontor AG increases turnover in 2001 by 43.5 percent Updated business plan lays the foundation for continued growth (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
Energiekontor AG increases turnover in 2001 by 43.5 percent
Updated business plan lays the foundation for continued growth
Bremen, 27th March 2002. Energiekontor AG from Bremen earned a
turnover of 101.273 million Euro in the financial year 2001 and this
means that it increased its turnover by 43.4 percent compared with
the previous year.  In 2000 the turnover was 70.577 million Euro. 
The company listed in the Frankfurt Neuer Markt made a profit of
9.024 million Euro before interest and tax (EBIT).  The earnings from
normal business activity amounted to 10.026 million Euro, and the
group profit amounted to 6.138 million Euro.  This is an increase of
9.6 percent up on the previous year, when the profit amounted to 5.6
million Euro.  The earnings per share amounted to 0.41 Euro in 2001. 
The equity ratio went up slightly from the previous year from 42.67
percent to 43.57 percent.
With these figures Energiekontor AG is at the upper limit of the band
which the company reported for the financial year concerned on
21.12.2001.
Energiekontor AG is expecting a continuous growth in 2002 as well. 
Based on the historical figures to hand, the company is however
adopting a more conservative approach to the growth it expects to
make as originally anticipated.  This is why the business plan is
being updated at the moment and is being adjusted to take the
expected market conditions into account.
The updated business plan includes the following targets:
- Annual Growth in turnover of 30 to 40 percent from 2001
  onwards 
- An EBIT margin of about 11 percent from 2002 onwards
The project pipeline of Energiekontor AG - which is the basis for the
company’s growth -  is exceptionally well-filled in Germany and in
other European countries.  The liquidity of ca. 50.5 million Euro
will ensure the further expansion of Energiekontor.
However, it was not possible to fully achieve the growth underlying
the original business plan.  It has turned out that the margins of
projects bought in and the opportunity to finish them within the
short-term is not sufficient to achieve a continuous contribution to
growth.
This is why the company will in future concentrate on acquisitions
made by its own bases and their future growth.  Therefore,
Energiekontor AG has already started in the second half of the year
2001 to strengthen the personnel capacities in Germany and abroad to
achieve that goal.  Such projects promise a significantly higher
margin since the company is canvassing the entire value creation
chain.  In doing so it forms a firm basis for an updated business
plan - it will be published shortly - and expresses the continued
success of company development, just as it did in the Annual Report
for 2001.
Finally, the build-up of a qualified workforce at Energiekontor has
proven more difficult than expected in some areas.  Hence, the
company has started with a strategic intra-company know how-transfer
at the end of the passed business year.  This measure has been
designed to help new employees from other business- and technical
areas to adapt quickly to the development and realisation of wind
power projects.
The Annual Report can be downloaded from the internet at
www.energiekontor.de/ipo/berichte.htm
Contact:	Martin Bretag, Head of Investor Relations
		Tel.: (+49-421) 3304-210
		Christian Bredemeier
		Tel.: (+49-421) 3304-211
		E-Mail:  ir@energiekontor.de
end of announcement        euro adhoc 27.03.2002

Further inquiry note:

Dipl. Kfm. Martin Bretag

Branche: Alternative energy
ISIN: DE0005313506
WKN: 531350
Börsen: Freiverkehr an der Baden-Württembergische Wertpapierbörse,
Bayerische Börse, Börse Düsseldorf, Bremer Wertpapierbörse (BWB),
Hamburger Wertpapierbörse, Handelsüberwachung der Berliner
Wertpapierbörse, Niedersächsische Börse zu Hannover, Neuer Markt an
der Frankfurter Wertpapierbörse

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