EANS-Adhoc: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von
solartechnischen Produkten
Dynamic regional markets reign 1st half 2012,
positive EBIT despite continuing price erosion.
09.08.2012 – 08:02
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- 6-month report 09.08.2012 Solar-Fabrik AG (ISIN: DE0006614712) has successfully managed to generate a positive EBIT of 0.8 million euros (1H-2011: 0.4 million euros) from a gross margin of ca. 16 percent. This results in a net profit of 0.3 million euros (1H- 2011: -0.8 million euros). In the first half of 2012 the company generated revenue of ca. 45.4 million euros (1H-2011: 87.1 million euros), ca. 5.9 million euros thereof (1H-2011: 0 euros) resulting from the sale of turn-key PV systems from the new Installation business. The decrease in revenue is both due to volume and price. The 1H-2012 volume was ca. 45 MWp (1H-2011: ca. 56 MWp). Given the half year number the originally forecasted volume increase for the full year is clearly jeopardized. The price erosion has reached more than 25 percent since the beginning of the year, predominantly driven by the cuts of the German feed-in-tariff and the continuing global oversupply. Following the revived political discussion about feed-in-tariffs and the cost of renewable energy the market reacted extremely dynamically with demand peaks in March and June, just before the deadlines before the profitability of the individual projects would have been hit by the feed-in-tariff reduction. The short demand peaks even exceeded module availability, thus limiting the total volume, but allowing for the lowest possible inventory after each deadline and therefore optimizing the net result. The consolidated financials for the period from January 1 to June 30, 2012 are available at the website of the company. Further inquiry note: Investor Relations Tel.: +49 (0)761-4000 0 E-Mail: investor@solar-fabrik.de end of announcement euro adhoc -------------------------------------------------------------------------------- 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: free trade: Berlin, München, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English