EANS-News: COLEXON Energy AG
Restructuring Plan and Adaption of Business Model
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Strategic management decisions
Hamburg (euro adhoc) - Hamburg, 14. April 2011 COLEXON Energy AG adapts its business model to the changes of the market conditions. Due to legal changes in the photovoltaic markets Italy, France and Great Britain COLEXON will focus less on large scale projects than previously. In the future the main focus will be on the business segments wholesale and project related value adding services. With the intended restructuring plan COLEXON aims for a financially stable position in order to take part in the growth of the Renewable Energy Sector.
The framework conditions of COLEXONs most important foreign European Markets (Italy, France and Great Britain) have deteriorated severely. In these countries COLEXON had access to a project pipeline of approx. 50 MWp which now cannot be executed as originally planned due to extraordinary reductions of the feed - in - tariffs for bigger photovoltaic power plants.
Therefore, COLEXON has initiated a restructuring process in order to adapt the business model of the company to the new market conditions. The project business of the group which mainly focused on large scale PV projects in the past will be cut back. Furthermore a partial sale of the solar power plants in own operations is planned; in order to enhance the financial structure of the association. The adapted business model requires much less personnel. The Executive Board will carry out the staff reduction socially responsible.
COLEXON intends to focus on the distribution of solar modules and components as well as on selected projects, primarily in the roof top segment. In this field the association has excellent knowledge a long-year experience and a well established distribution network.
The share of Renewable Energies in the total Energy Mix will grow tremendously in the long term; not only in Germany but also in other European countries. This is based on the shortage of fossil resources, the expected cutback of nuclear energy and the increasing cost efficiency of renewables. The future business model shall be characterized by a considerably lower capital intensity and shall enable COLEXON to participate in the growth of Renewable Energies.
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Contact:
Jan Hutterer
Investor Relations Manager
Tel.: +49 (0) 40 2800 31 111
E-Mail: hutterer@colexon.de
Branche: Energy
ISIN: DE0005250708
WKN: 525070
Index: CDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade