Conergy AG

euro adhoc: Conergy AG
Quarterly or Semiannual Financial Statements / Conergy reports profitable first-quarter growth of 68% Ad hoc release of Conergy AG pursuant to § 15 German Securities Trading Act:

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Solar systems provider Conergy (ISIN DE 00060 40025) increased sales and earnings according to plan in the first quarter of 2005. Despite widespread snow-fall in both January and February, the Conergy Group boosted its consolidated sales to EUR 45.8 million, up 67.8% versus the same period last year. As a re-sult, Conergy once again clearly outperformed the global solar market in this quarter. For the first time in its history, Conergy was also able to report positive operating earnings before taxes and IPO expenses (EBIT) of EUR 2.9 million in the first quarter of a financial year. "The first quarter was extremely exciting and exceeded our expectations. In addition to our successful IPO, we made signifi-cant headway in implementing our internationalisation strategy and launched new, innovative products. We consistently expanded our production capacities and secured sufficient volumes of components that are characterised by a tight supply situation. In 2005, we therefore expect sales in excess of EUR 500 million and after-tax income of more than EUR 27 million," explains Hans-Martin Rüter, chief executive officer and founder of Conergy AG. Conergy gained a profitable entry to the US market through an acquisition in the first quarter of 2005. Newly established companies in Australia, Portugal and, in April, in Mexico, enable Conergy to develop further markets with high growth potential. Thanks to its ver-satile solar product lines, Conergy's international distribution network is focused strictly on the specific customer requirements for solar energy, heat or cooling in different regional markets.

end of announcement                                euro adhoc 10.05.2005 07:45:16

Further inquiry note: Thorsten Vespermann Head of Corporate Communications Tel.: +49 (0)40 237 102 171 E-Mail:

Branche: Energy
ISIN:      DE0006040025
WKN:        604002
Index:    Prime Standard
Börsen:  Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Niedersächsische Börse zu Hannover / free trade
              Frankfurter Wertpapierbörse / official dealing

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