Imtech this morning announced it has obtained several new energy management contracts in Germany with a combined value of over € 105m. Contracts have been signed with industrial producers like Voith Paper, Andritz Hydro, SSKF, Böhringer, Freudenberg and Winkelman. The contracts are for a period of 10 up to 15 years.
The new orders confirm Imtech’s strong position in the European energy market. While there is no immediate impact on our estimates, the news is clearly supportive for the investment case.
BUY rating with € 32 price target reiterated.