Daldrup & Söhne AG Secures Major Geothermal Contract

Daldrup & Söhne AG has successfully won an EU-wide tender to drill seven geothermal wells for Innovative Energie für Pullach GmbH (IEP GmbH). The contract, the largest in the company's history, involves drilling at the Pullach Süd and Baierbrunn sites. The project, pending the planned exploration insurance, is expected to commence in December 2025 and last approximately two and a half years. Initial contract value lies in the upper double-digit million euro range, with Daldrup potentially drilling up to three additional wells based on results.

This achievement signals Daldrup's growing prominence in the geothermal energy sector, as evidenced by a target price increase from EUR 18.00 to EUR 20.00 by Quirin Privatbank. The bank has raised its estimates for the company's output and EBIT for 2026 to 2028, highlighting Daldrup's expertise amid rising energy needs.