EnergieKontor AG

euro adhoc: Energiekontor AG
Quarterly or Semiannual Financial Statements
Half-year report 1/2002 of Energiekontor AG (E)

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Bremen, 22 August 2002. Energiekontor AG earned sales revenue amounting to EUR 29.425 million in the first six months of the current financial year (01.01.to 30.06.2002). In comparison with the corresponding period in the previous year this means that the company managed to increase its turnover by about 31% (30.06.2001: EUR 22.515 million). The earnings before interest and taxes (EBIT) amounted to EUR 1.028 million (30.06.2001: EUR 3.162 million). The earnings from ordinary activities amounted to EUR 1.461 million, (31.06.2001: EUR 3.660 million). The consolidated result at 30.06.2002 amounted to EUR 917,000 (30.06.2001: EUR 2.321 million).

The higher profit-to-sales ratio as of 30.06.2001 compared with the previous year is the result of an above-average high proportion of service and sales revenues with large margins, compared with total revenues coming in the first half of the year.

In the first six months of the year 2002, 22 wind-power generators in three wind farms with a total output of 33 MW were set up in Germany. Construction work has started on one wind farm and approval has been granted to another one in accordance with § 8a BImschG (the German Federal Immission Control Act). Preparatory work on the authorisation procedures has been begun in the case of six further projects. Planning has begun on seven wind farms. In the reporting period, the acquisitions department (contractual securing of locations) was able to conclude contracts for an overall capacity of approx. 100 MW. Abroad, in Portugal, sites for projects with a total output of 46 MW were in the acquisition process in the period under review. In Spain, Energiekontor managed to secure sites for wind farms with a potential capacity of up to 184 MW. In Great Britain, work was begun on the construction of the "Moel Moelogan" wind farm in North Wales by Energiekontor UK Construction Ltd. on 9 April 2002. Regarding the German offshore activities, Energiekontor AG managed further to continue work on the environmental compatibility studies according to plan for the "Borkum Riffgrund West" and "Nordergründe" projects. In the period under review, the sale of the two wind farms Beerfelde and "Zarax I" on the Greek island of Evia, with a total output of 13.5 MW and an investment volume totalling 17.9 million EUR has begun.

IR-Contact: Martin Bretag, Director Investor Relations, Phone: (+49-421) 3304-210, E-Mail: ir@energiekontor.de Internet: http://www.energiekontor.de

end of announcement            euro adhoc 22.08.2002
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Further inquiry note: Dipl. Kfm. Martin Bretag

Branche: Alternative energy
ISIN:      DE0005313506
WKN:        531350
Index:    CDAX Gesamtindex, CDAX Technology
Börsen:  Baden-Württembergische Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Berliner Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bremer Wertpapierbörse (BWB) / free trade
              Hamburger Wertpapierbörse / free trade
              Niedersächsische Börse zu Hannover / free trade
              Frankfurter Wertpapierbörse / regulated dealing



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