EANS-Adhoc: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von
solartechnischen Produkten Another volume growth in first half 2011 compared
to 2010 and a break-even EBIT provide a good platform for the entire year 2011.
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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.
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6-month report
11.08.2011
Solar-Fabrik AG (ISIN: DE0006614712) achieved another volume growth period
during first half of 2011, this time ca. 7 % from 52 MWp (corresponding period
2010) to 56 MWp. Despite the continuing price erosion and the ca. 10 % revenue
decrease to 87.342 million euros (previous year: 96.475 million euros) the EBIT
reached break-even at 6,000 euros (previous year: 9.192 million euros). The
company therefore achieves a half year loss of 754,000 euro (previous year:
7.567 million euros profit), representing 0.05 euros loss per share (previous
year: 0.65 euros profit per share).
The first half of 2011 was characterized by politically extremely unstable
regulations. While the Italian regulation now clearly demonstrates the
political support for European production by a 10 % higher feed-in-tariff, the
fundamental revision of the German energy policy offers no additional support
for the PV solar industry. As an example, the much discussed FIT for greenfield
projects was not reactivated.
Solar-Fabrik AG has successfully leveraged the price erosion of the supply
chain to achieve a break even EBIT in the first half of 2011. The Solar Power
Systems segment reached an EBIT of 380,000 euros (previous year: 9.865 million
euros) from revenue of 87.121 million euros (previous year: 96.092 million
euro).
The Solar Cell Production segment improved the EBIT to -441,000 euros, compared
to -808,000 euros in the first half of 2010.
Solar-Fabrik AG considers their volume growth in the given weak market
environment as a success of their sales strategy. The export share of 65.9 %
during first half of 2011 as well as the investment in SolSystems Energy GmbH,
a German installation company, acquired on July 25, 2011, are a very good
platform for further growth.
The management considers the half year break-even as the best possible proof of
a sustainable strategy and a great starting point for achieving the 2011
targets as outlined in the annual report 2010.
Further inquiry note:
Investor Relations
Tel.: +49 (0)761-4000 0
E-Mail: investor@solar-fabrik.de
end of announcement euro adhoc
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issuer: 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: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Stuttgart, Düsseldorf, München
language: English