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

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
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

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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