Solar-Fabrik AG

EANS-Adhoc: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten
Quarterly results from core business Solar Power Systems reach another record high, 2009 sales volume shows year-on-year growth despite financial ...

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March 30, 2010

Solar-Fabrik AG (ISIN: DE0006614712) reports 2009 4th quarter results of 3.095 million euros, respectively EBIT of 2.796 million euros, and a corresponding quarterly profit of approximately 0.26 EUR per share. Total 2009 revenue reached 135.560 million euros (2008: 178.467 million euros) with an EBIT of 1.644 million euros (2008: -6.122 million euros) from continued operations (Solar Power Systems and Solar Cells). The total net result incl. all segments amounts to -4.214 million euros (2008: -36.302 million euros), where -3.376 million euros (2008: -27.859 million euros) are contributed by discontinued and disposed businesses.

2009 full year revenue of "Solar Power Systems" reached 135.542 million euros (2008: 178.014 million euros) with an EBIT of 839,000 euros (2008: -2.606 million euros). This represents an EBIT improvement from the nine month period of 2.740 million euros which is for the second time in a row the historically best quarterly result for Solar Power Systems.

The business segment "Solar Cells" reached a 2009 EBIT of 915,000 euros (2008: -3.426 million euros) and is anticipating a slightly positive result for 2010.

Financial return for PV investors remains at an attractive level also in 2010, driven by the continued cost reduction. The anticipated feed-in-tariff reduction in Germany generates further demand for PV systems. This has led to an unusually high sales volume already in Q1 2010 during a long German winter. This is a good starting position for Solar-Fabrik to achieve its ambitious 2010 growth targets. A solid double digit growth shall translate into European market share growth. This strategy is supported by increased marketing and sales effort as well as an optimized utilization of the installed capacity. Solar-Fabrik AG is leveraging the volume growth towards further productivity improvements and economy of scale effects in sourcing, logistics and production towards better competitiveness also in 2nd half 2010. Based on the current booking level Solar-Fabrik AG anticipates a solid 2010 profit for its "Solar Power Systems" business.

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ots Originaltext: Solar-Fabrik AG
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Investor Relations
Tel.: +49 (0)761-4000 0

Branche: Alternative energy
ISIN:      DE0006614712
WKN:        661471
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              München / free trade

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