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Solar-Fabrik AG

EANS-Adhoc: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten
Solar-Fabrik AG further improves business focus and enters project business

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
Company Information
29.06.2009
Freiburg, June 29, 2009 - Solar-Fabrik AG reconfirms its strategy and
takes the next steps on its way towards business optimisation and 
focus. As part of re- establishing the clear focus on PV solar 
modules it is planning to sell the silicon recycling business, i.e. 
Solar-Fabrik Silicon Services Ltd. and Poseidon Solar Services Pte. 
Ltd. Despite the challenging economic environment SFAG was able to 
come to terms with a buyer willing to pay for the lion's share of the
fixed assets, leaving the company with little more than the 
impairment of intangible assets as the consolidated loss. Based on 
the existing LOI the transaction is expected to close within the next
30 days, contingent on approval by the relevant bodies.
Due to limited visibility in its core market for PV solar modules 
Solar-Fabrik AG has implemented build-to-order processes throughout 
its entire supply chain. Based on the additional capacity from Fab 3 
the company is well prepared for the anticipated Q3 09 growth. Fab 3 
with its highly efficient equipment is now ready to support further 
growth.
2nd quarter shipments show an increase from 1st quarter while still  
lower  than the year before. Combined with the silicon recycling 
impairment this  will  lead to a quarterly loss, which is all the way
considered to be  strategic  progress. As a conclusion, esp. together
with  the  continuously  limited  visibility  the previously 
communicated 2009 revenue and profit targets are  not  realistic  any
more. Assuming an overall positive economic development throughout 
the  rest  of the year, incl. improvement in the financial sector the
company  anticipates  a solid recovery for PV solar systems, as  this
is  already  visible  in  orders. Additionally, the newly targeted 
project market has  yielded  a  first  contract over  7  MWp  from  a
single,  new  customer,  with  additional  20  MWp  being negotiated.
Due to  remaining  uncertainties  the  management  board  will  only 
provide a new guidance later into 3rd quarter 2009.
end of announcement                               euro adhoc

Further inquiry note:

Investor Relations
Tel.: 0761-4000 0
Fax.: 0761-4000 199
E-Mail: info@solar-fabrik.de

Branche: Alternative energy
ISIN: DE0006614712
WKN: 661471
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

Plus de actualités: Solar-Fabrik AG
Plus de actualités: Solar-Fabrik AG