Solar-Fabrik AG

euro adhoc: Solar-Fabrik AG
Management Changes
Solar-Fabrik AG: Change in the management after successful re-organisation of the Group CEO Salvamoser retires at year-end 2006, CFO Paradeis appointed by the Supervisory Board as the successor. Sales

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Today, the Supervisory Board of Solar-Fabrik AG (ISIN DE0006614712) has agreed to the retirement of Mr. Georg Salvamoser from being the Chief Executive Officer (CEO) of the Company as of December 31, 2006. After accomplishing the strategic re-organisation and successful extension of Solar-Fabrik AG to a fully integrated, international solar group, the founder of the Company and recent CEO will retire and be released from his operational responsibilities at year-end 2006. Mr. Salvamoser’s initial goals have been accomplished, therefore, he would like to focus his attention on superior tasks within the German solar industry. Mr. Salvamoser will continue to support Solar-Fabrik by consulting the management and Supervisory Board. In addition, he will maintain one of the main shareholders of the Company. In it’s meeting today, the Supervisory Board of Solar-Fabrik AG has appointed the current CFO, Mr. Christoph Paradeis, to become the new Chairman of the Board as of January 1, 2007. Due to the actual and forecasted Group figures, Solar-Fabrik is already able to announce an EBIT-marge of more than 5% for 2006. For 2007, sales are expected to increase by 70% to 130 million EUR. The planned EBIT-marge is expected to be at least 10%.

Detailed information to the change in the management is offered within the FAQs on Solar-Fabrik’s homepage

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ots Originaltext: Solar-Fabrik AG
Im Internet recherchierbar:

Further inquiry note:
Martin Schlenk
Tel. +49(0)761 4000 207

Branche: Alternative energy
ISIN:      DE0006614712
WKN:        661471
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              Börse Berlin-Bremen / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Bayerische Börse / free trade

Weitere Meldungen: Solar-Fabrik AG

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