EANS-News: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von
solartechnischen Produkten
Margins squeezed by price erosion
08.11.2012 – 08:04
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 9-month report Freiburg (euro adhoc) - In the first three quarters 2012 Solar-Fabrik AG (ISIN: DE0006614712) generated an EBIT of -1.0 million euros. (Q1-Q3 2011: 1.5 million euros) from a gross margin of 15.4 %. This results in a net loss of -1.5 million euros (Q1-Q3 2011: -2.9 million euros). The company generated nine months sales of ca. 71.9 million euros (Q1-Q3 2011: 131.2 million euros), thereof ca. 9.0 million euros (Q1-Q3 2011: 0.9 million euros) resulting from the installation business' sale of turn-key systems. The decrease in revenue is both due to volume and price. The volume for the three quarters 2012 was ca. 75.0 MWp (Q1-Q3 2011: 88.4 MWp). The price erosion has reached more than 30 percent since the beginning of the year, predominantly driven by the cuts of the feed-in-tariffs in the key markets of Solar-Fabrik AG and the continuing global oversupply. The financial report for the period January 1 through September 30, 2012, is available on the company's website. 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