ABO Wind AG concluded the financial year 2005 with a very good annual surplus of € 781,257 after tax, thereby more than doubling the previous year’s result.
The earnings before interest and taxes, EBIT, amounted to € 1,303,423 (previous year: € 856,124). The company recommended to the annual general meeting a dividend of 45 cents per share.
In financing, the company has two successes to report: ABO Wind was able to take part in the PREPS mezzanine programme, in which, after successful examination of its creditworthiness, the company was able to obtain a subordinated loan at favourable conditions, together with 50 other companies from other industries. These funds have contributed to doubling project sales for 2006 and 2007, in comparison with previous years, to around Euro 70 million per annum. A further success was the “Breeze Two” bond, initiated by Hypovereinsbank, with which ABO Wind financed and sold a total of 83 wind farms in a single deal by March 2006. In collaboration with various German wind power developers, a portfolio of wind farms totalling 330MW of installed capacity could be financed with “Breeze Two”.
