ErSol Solar Energy AG

euro adhoc: ErSol Solar Energy AG
quarterly or semiannual financial statement / ErSol doubles consolidated net income and operating result in Q1

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31.05.2006

ErSol Solar Energy AG (ErSol) was able to significantly increase its sales and earnings compared to the previous year in Q1 2006. Operating result (EBIT) more than doubled in the first quarter of 2006. It totalled EUR 3,364 thousand and was thus up 103.6% compared to the first quarter of 2005 (EUR 1,652 thousand). This increase was attained even though there were already higher operating expenses (for example for personnel) from implementing the company’s reinforced growth strategy. ErSol’s consolidated net income also increased significantly compared to the previous year. This totalled EUR 1,078 thousand in Q1 2005, and almost doubled in Q1 2006 - up 90.7% to EUR 2,056 thousand and thus right in line with the targets ErSol had set itself. Consolidated sales in the first three months of 2006 totalled EUR 25,730 thousand, and were thus up 122.7% on the first quarter of 2005, when they amounted to EUR 11,555 thousand. This substantial growth is due to the expansion of production capacity at the Erfurt site: this was increased over the year from 25 MWp to 60 MWp. It is also due to the increase in the group of consolidated companies: from 24 February 2006, this also included the California-based subsidiary Silicon Recycling Services Inc. (SRS). However, new, long-term business relations generated a substantial increase in sales. The exported share on sales increased from 29% in the first quarter of last year, rising to 45% in the first quarter of 2006.

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ots Originaltext: ErSol Solar Energy AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Sonja Teurezbacher
Investor Relations Manager
+49 (0)361 219 5130
sonja.teurezbacher@ersol.de

Branche: Alternative energy
ISIN:      DE0006627532
WKN:        662753
Index:    CDAX, TecDAX
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard



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