Solar-Fabrik AG

EANS-News: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten
First quarter 2012 dominated by political discussion, positive EBIT despite further price erosion.

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3-month report


Freiburg (euro adhoc) - In the first quarter of 2012 Solar-Fabrik AG (ISIN:
DE0006614712) reached a revenue of ca. 19.1 million euros (Q1 2011: 36.9 million
euros), of which ca. 1.5 million euros (2011: 0 million euros) resulted from the
sale of a solar park in the new Installation business. The revenue decrease is
predominantly price driven, whereas the price erosion is mostly provoked by the
most recent changes of the German feed-in-tariff (FIT) regulation. Concurrently
the company was able to improve the gross margin from 12.4 percent in Q1 2011 to
ca. 18.1 percent in Q1 2012. This lead to a Q1 2012 EBIT of 1.5 million euros
(Q1 2011: -0.4 million euros) and a net result of 1.3 million euros (Q1 2011:
-0.9 million euros).

In the beginning of 2012 the political discussions about the feed-in tariff and
the cost of renewable energy dominated the business environment. While January
and February were mostly export driven the German demand recovered in March
driven by pull-in effects from the mid February discussion about additional FIT
reductions.

The quarterly financials for the period from January 1 through March 31, 2012,
is available on the company homepage.


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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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
 



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