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Solar-Fabrik AG

euro adhoc: Solar-Fabrik AG
Quarterly or Semiannual Financial Statements / Solar-Fabrik continues growth!

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
29.07.2005
Solar-Fabrik AG (ISIN: DE0006614712) has met its targets for the
first half of 2005 and is raising its targets for the fiscal year as
a whole.
The extraordinary expenses from the successful capital increase in
March of this year in the amount of EUR 1,292,000 and scarce supplies
of materials influenced earnings after taxes, which amounted to minus
EUR 2,393,000 (previous year EUR 318,000). Net earnings per share
amounted to EUR -0.30 (previous year: +0.06). Earnings before
interest and tax (EBIT) amounted to minus EUR 1,776,000 (previous
year EUR 536,000).
To overcome the short supply of materials, Solar-Fabrik AG recently
took over the wafer-trading company Global Expertise Wafer Division
Ltd. (GEWD). The purchase of GEWD adds a strategically important
segment of the value chain to the Company's portfolio. GEWD is a
wafer trader with many years of experience in the procurement of
wafers on Asian and transatlantic procurement markets. GEWD is
considered the market leader in the recycling of semiconductor
silicon and has a secure supply in Asia and the US into 2008. In the
past few years, GEWD has been posting tremendous growth rates and
expects growth to continue an average of 30% per annum.
Wafers are the raw material for the production of solar cells, which
are required for the production of modules in Freiburg, Germany. The
global boom on the photovoltaics market has made wafer resources a
scarce commodity, creating bottlenecks in the supply of solar cells
as well. 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 wafers of the 100% subsidiary company will now be
processed into high-quality solar cells, creating additional
potential of more than 30 megawatts per year starting already in
2006.
This alone will allow Solar-Fabrik AG to double its production, which
will in turn become all the more profitable due to economies of
scale. In the current fiscal 2005, Solar-Fabrik AG has already
procured more than 5 MW of additional sales via this new subsidiary
and increased its capacity utilization. Production will be running at
full capacity starting in the fourth quarter of 2005.
By taking over this company, the management at Solar-Fabrik has
finally managed to secure the supply of raw materials for 2005.
Earnings will now continue to improve. The Company's record sales of
2004 should now be exceeded by more than 30%!
end of announcement                               euro adhoc 29.07.2005 07:53:15

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

Plus de actualités: Solar-Fabrik AG
Plus de actualités: Solar-Fabrik AG