EANS-News: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von
solartechnischen Produkten
First quarter 2012 dominated by political
discussion, positive EBIT despite further price erosion.
10.05.2012 – 08:01
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 3-month report Freiburg (euro adhoc) - In the first quarter of 2012 Solar-Fabrik AG (ISIN: DE0006614712) reached a revenue of ca. 19.1 million euros (Q1 2011: 36.9 million euros), of which ca. 1.5 million euros (2011: 0 million euros) resulted from the sale of a solar park in the new Installation business. The revenue decrease is predominantly price driven, whereas the price erosion is mostly provoked by the most recent changes of the German feed-in-tariff (FIT) regulation. Concurrently the company was able to improve the gross margin from 12.4 percent in Q1 2011 to ca. 18.1 percent in Q1 2012. This lead to a Q1 2012 EBIT of 1.5 million euros (Q1 2011: -0.4 million euros) and a net result of 1.3 million euros (Q1 2011: -0.9 million euros). In the beginning of 2012 the political discussions about the feed-in tariff and the cost of renewable energy dominated the business environment. While January and February were mostly export driven the German demand recovered in March driven by pull-in effects from the mid February discussion about additional FIT reductions. The quarterly financials for the period from January 1 through March 31, 2012, is available on the company homepage. Further inquiry note: Investor Relations Tel.: +49 (0)761-4000 0 E-Mail: investor@solar-fabrik.de end of announcement euro adhoc -------------------------------------------------------------------------------- company: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten Munzinger Str. 10 D-79111 Freiburg phone: +49(0)761 4000 0 FAX: +49(0)761 4000 199 mail: info@solar-fabrik.de WWW: http://www.solar-fabrik.de sector: Alternative energy ISIN: DE0006614712 indexes: stockmarkets: free trade: Berlin, München, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English