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Solar-Fabrik AG

euro adhoc: Solar-Fabrik AG
Financial Figures/Balance Sheet
Solar-Fabrik has strong 3rd quarter!

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
28.10.2005
Solar-Fabrik AG (ISIN: DE0006614712) earned an after- tax profit of
EUR 948,000 in the third quarter 2005. So that Solar-Fabrik posted
earnings after taxes in the amount of EUR -1.445 million for the
first three quarters of 2005. The half yearly earnings had amounted
to EUR -2.393 million. EBIT in the third quarter alone amounted to
EUR 1.082 million (first two quarters: EUR - 1.776 million). In the
first three quarters of 2005, Solar-Fabrik AG posted earnings before
interest and taxes (EBIT) in the amount of EUR -694,000. Sales
revenue did not quite reach the level of the previous year (EUR
36.331 million) at EUR 32.268 million.
In the third quarter, our new 100% subsidiary company Global
Expertise Wafer Division Ltd. (GEWD), which posted a profit of EUR
363,000 in August and September, made a considerable contribution to
the positive business development of Solar-Fabrik AG.
The main issue in the photovoltaics industry in the past few months
has been the procurement of raw materials. Resources are currently
very scarce because the global photovoltaics market is booming. At
the end of the value chain, solar module producers like Solar-Fabrik
AG faced especially narrow bottlenecks. As a result, in the past few
months Solar-Fabrik was not always able to run at full production
capacity even though its order books are full.
The acquisition of GEWD in July effected the turnaround. Fortunately,
since September Solar-Fabrik has been able to use solar cells from
the wafers made by its new subsidiary company GEWD in its production
lines. The measures that the company's management took to secure a
supply of materials are thus bearing fruit. We are thus able to
provide supplies to the wide-margin sector of retail shops, which
improved the item raw-materials-and-consumables ratio and gross
yield. In addition, the company is back in the black, as forecast.
The acquisition of GEWD adds a strategically important segment of the
value chain to the Solar-Fabrik's portfolio. The third quarter
already shows how important this step was for Solar-Fabrik AG. The
management at Solar-Fabrik AG therefore expects the fourth quarter of
2005 to be very successful.
end of announcement                               euro adhoc 28.10.2005 08:06:19

Further inquiry note:

Martin Schlenk
Tel. +49(0)761 4000 207
E-Mail: m.schlenk@solar-fabrik.de

Branche: Alternative energy
ISIN: DE0006614712
WKN: 661471
Index: Prime Standard
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade

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