euro adhoc: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von
solartechnischen Produkten
Financial Figures/Balance Sheet
In the first
three quarters of fiscal 2008, Solar-Fabrik AG increased its revenue by more
than 54% to 158.746 ...
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
9-month report
07.11.2008
In the first three quarters of 2008, Solar-Fabrik AG (ISIN: DE0006614712) increased its consolidated sales by some 54% to 158.746 million euros after 102.860 million euros in the first three quarters of 2007. Earnings before interest and tax (EBIT) amounted to 3.843 million euros (previous year: -1.205 million euros), an increase of more than 5 million euros. Adjusted by 2.266 million euros in currency translation losses, EBIT improves even further to 6.109 million euros (previous year: 2.183 million euros). This upswing shows how effective our restructuring and expansion have been.
In first three quarters of 2008, the Solar Power Systems Division at Solar-Fabrik posted an overall volume of around 129.262 million euros (previous year: 63.254 million euros), some 99.9 % of which was generated outside the Group. This Division's EBIT for the third quarter was also positive at 1.922 million euros. Both in terms of earnings and revenue, this Division's performance was the best in corporate history. The turnaround point has thus been reached in less than two years after this segment was restructured.
The Wafer Segment posted an EBIT of 4.396 million euros (previous year: 4.203 million euros). This Segment's EBIT margin rose to 9.3% after 8.1% in the previous year as its sales slightly fell to 47.2 million euros.
The Solar Cell Division posted nearly balanced earnings in the amount of -22,000 euros in the first three quarters of 2008 (previous year: -471,000 euros). This Division thus improved its performance by some 449,000 euros over the previous year. For the year as a whole, a slightly positive EBIT is still expected.
The Wafer Preparation segment, which currently operates nearly entirely within the Group, posted 296,000 euros in earnings (previous year: 529,000 euros). In Q4 2008, there are plans for the first significant sales to third parties. Earnings are therefore expected to increase accordingly.
If the US dollar remains strong against the euro for the remainder of this fiscal year, this will represent additional potential earnings (up to 2.096 million) euros for the income statement for the fiscal year as a whole. Furthermore, demand remains high so that capacity is expected to continue to be utilized fully as revenue and income figures increase in the final quarter of the fiscal year. Solar-Fabrik expects revenue and income to continue to increase significantly in the next fiscal year.
end of announcement euro adhoc
Further inquiry note:
Martin Schlenk
Tel. +49(0)761 4000 207
E-Mail: m.schlenk@solar-fabrik.de
Branche: Alternative energy
ISIN: DE0006614712
WKN: 661471
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse München / free trade