Investment
Working together towards a sustainable future
Since the company was first established, W.E.B has regarded the energy transition as a common endeavor based on the concept of community participation. W.E.B’s first wind turbines were constructed with funds supplied by a group of genuine enthusiasts. That’s how our first project companies came to be.
In 1999, the company finally became a stock corporation: WEB Windenergie AG has remained true to the principle that many people can work together to achieve great things, even if each one only contributes a small amount. The W.E.B shares are registered shares which are not listed on the stock exchange. Investors can become involved or pull out at any time, with a low threshold and flexible manner.
WEB Windenergie AG now has public shares held by more than 5,500 shareholders. Each and every stakeholder has helped to make the company what it is today: an internationally active enterprise with subsidiaries in eight countries.
Interim Report on the First Quarter of 2022
05/2022
Good winter conditions, new power plants and the situation on the energy markets positively impacted business results.
The months of January and February 2022 were characterized by strong winds, which in turn led to electricity production exceeding the targeted figures. In contrast, the production targets could not be reached due to the consistent high-pressure weather. The photovoltaic segment remained below target in the first quarter of 2022. On balance, production in the first three months of the year was 1 percent below target, in contrast to production falling 19 percent under the planned volumes in the comparable prior-year quarter.
New solar power plants put into operation in the previous year also impacted sales revenue. Moreover, part of the generated electricity is sold on the free market. As a result, the price situation on energy markets affected earnings. Sales revenue rose to EUR 53.0m in the first quarter of 2022 (Q1/2021. EUR 27.5 million). Accordingly, earnings before tax equaled EUR 25.3 million (Q1/2021: EUR 5.7 million).
With respect to the Matzen-Klein-Harras II project implemented in the first quarter, three new wind turbines with a total capacity of 12.6 MW came on stream, whereas four new wind turbines with a capacity of 16.8 MW were put into operation in the Municipality of Spannberg. The 10th photovoltaic project with a capacity of close to 200 kWp was realized on the premises of Brandner, a company in Laa an der Thaya. In the Municipality of Venafro, Italy, W.E.B added a photovoltaic plant with a capacity of 250 kWp to its portfolio. A photovoltaic facility generating 234 kWp of electricity came on stream on the grounds of VTW in Waidhofen an der Thaya.
The access roads for the wind farm in Silver Maple, USA with an installed capacity of 20 MW were competed and the required cables were installed. The project will supply clean, regional electricity starting in November 2022 Two projects - namely Dürnkrut (total capacity 11.2 MW) and Götzendorf were commenced in Austria, with both plants expected to come on stream in 2023. The Götzendorf project featuring a capacity of 5.6 MW is the very first wind PPA in Austria.
Corporate governance
As a community participation company, W.E.B is particularly conscious of its obligation to ensure responsible and transparent corporate governance. Since mid-2006, WEB Windenergie AG has been committed to compliance with the Austrian Code of Corporate Governance (ÖCGK). This code has been applied with certain provisos and clarifications, which are published each year in the company’s annual report.
More questions about investing in W.E.B?
Head of Communications & Investor Relations
Mbeate.zoechmeister@web.energy
T+43 2848 6336 - 19
We will be happy to assist you!
This information is used for promotional purposes. This may include an offer to sell or a request or invitation to purchase or subscribe to securities. This information does not represent investment advice or financial analysis. Whether or not a particular security is suitable for you depends on a range of considerations, including your financial circumstances, tolerance for risk, knowledge and experience and investment objectives. All investments involve a certain amount of risk, and it is therefore recommended that you seek advice from an independent expert prior to purchasing any securities. This information has been compiled and checked with all possible care. However, errors in rounding, reporting or printing cannot be entirely excluded.
Risks associated with securities:
Past share performance does not guarantee future developments. Share prices can fluctuate. In the absence of a regulated market or inclusion in a multilateral trading system, shareholders may find shares difficult or impossible to sell. If suitable profits are not recorded or if relevant decisions are made at a general meeting, shareholders may receive limited or no dividends. Shareholders may lose their entire investment in certain circumstances, such as the insolvency of the issuer. The sale of shares on credit carries with it increased risk. Taxation-related risks. Shareholders who own or purchase a share in the issuer exceeding 10% of the share capital do not receive a commensurate influence over the company in the form of voting rights. Changes to applicable laws, regulations or administrative practices can have adverse effects on the issuer, new shares and/or investors. This company is not subject to takeover laws, and the protective measures in such legislation do not apply to our shareholders.
