on ABO Wind AG (ETR:DE000576)
ABO Energy Revises 2025 Earnings Forecast Amid Market Challenges
ABO Energy GmbH & Co. KGaA has revised its earnings forecast for 2025 due to changing market conditions impacting project valuations. Despite Germany's strong push towards renewable energy, characterized by oversubscribed auctions and increased project submissions, ABO Energy anticipates a substantial net loss of approximately €95 million. This stands in contrast to previous projections of a surplus between €29–39 million.
The company attributes this downturn to valuation adjustments in ongoing projects amid lower award levels. Additionally, international market issues, such as solar and wind oversupply in Spain and Finland, and regulatory changes in Greece and Hungary, have compounded challenges.
Management remains optimistic about a quick return to profitability, leaning on their robust project pipeline of about 30 gigawatts. A consulting firm has been engaged to support necessary cost structure adaptations.
R. E.
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