Solar-Fabrik AG

EANS-Adhoc: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten
Another volume growth in first half 2011 compared to 2010 and a break-even EBIT provide a good platform for the entire year 2011.

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
6-month report


Solar-Fabrik AG (ISIN:  DE0006614712)  achieved  another  volume  growth  period
during first half of 2011, this time ca. 7 % from 52 MWp  (corresponding  period
2010) to 56 MWp. Despite the continuing price erosion and the ca. 10  %  revenue
decrease to 87.342 million euros (previous year: 96.475 million euros) the  EBIT
reached break-even at 6,000 euros (previous  year:  9.192  million  euros).  The
company therefore achieves a half year loss  of  754,000  euro  (previous  year:
7.567 million euros profit), representing 0.05 euros loss  per  share  (previous
year: 0.65 euros profit per share).

The first half of 2011  was  characterized  by  politically  extremely  unstable
regulations.  While  the  Italian  regulation  now  clearly   demonstrates   the
political support for European production by a 10 % higher  feed-in-tariff,  the
fundamental revision of the German energy policy offers  no  additional  support
for the PV solar industry. As an example, the much discussed FIT for  greenfield
projects was not reactivated.

Solar-Fabrik AG has successfully leveraged  the  price  erosion  of  the  supply
chain to achieve a break even EBIT in the first half of 2011.  The  Solar  Power
Systems segment reached an EBIT of 380,000 euros (previous year:  9.865  million
euros) from revenue of 87.121  million  euros  (previous  year:  96.092  million

The Solar Cell Production segment improved the EBIT to -441,000 euros,  compared
to -808,000 euros in the first half of 2010.

Solar-Fabrik  AG  considers  their  volume  growth  in  the  given  weak  market
environment as a success of their sales strategy. The export  share  of  65.9  %
during first half of 2011 as well as the investment in SolSystems  Energy  GmbH,
a German installation company, acquired on  July  25,  2011,  are  a  very  good
platform for further growth.

The management considers the half year break-even as the best possible proof  of
a sustainable strategy and  a  great  starting  point  for  achieving  the  2011
targets as outlined in the annual report 2010.

Further inquiry note:
Investor Relations
Tel.: +49 (0)761-4000 0

end of announcement                               euro adhoc 

issuer:      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
sector:      Alternative energy
ISIN:        DE0006614712
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
             Stuttgart, Düsseldorf, München 
language:   English

Weitere Meldungen: Solar-Fabrik AG

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