ErSol Solar Energy AG

euro adhoc: ErSol Solar Energy AG
Financial Figures/Balance Sheet
ErSol buys Californian Silicon Recycler SRS - Jump in Profits 2005

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ErSol buys Californian Silicon Recycler SRS - Jump in Profits 2005

• Cell sales to increase by at least 15 MWp through the end of 2007 • CEO Beneking: "Thanks to the SRS purchase we shall be able to increase our worldwide market share and have a foot in the door of the US market." • ErSol to sound out the market for further purchase opportunities    • 2006 Group EBIT to more than double - Sales seen reaching 100 million euros - all projections not yet include SRS  • 2005 net profit more than tripled - sales up 71 per cent

Erfurt, 24 February 2006 - ErSol Solar Energy AG, Erfurt (ErSol) has taken over one of the leading silicon recycling companies world-wide, Silicon Recycling Services, Inc. (SRS), from the California owners in Camarillo. According to conservative estimates, the present stocks of recyclable material at SRS will increase ErSol’s cell sales by at least 15 MWp through the end of 2007, starting in the second half of 2006.

The purchase agreement was signed late Thursday (PST) in Camarillo. This concludes the transaction. It was agreed not to disclose any exact details. ErSol is paying the purchase entirely from its IPO proceeds and continues to sound out the market for further purchase opportunities.

Strong Year End Accounts in 2005 - Signs for 2006 point to Growth

Preliminary figures show the following key financial data for 2005 - in million euros (according to the IFRS):

                  2005            2004      Change
Sales          64.4            37.7      plus 71 %
EBIT            10.1              3.4      plus 198 %
EBT                9.5              2.9      plus 222 %
Net profit    5.9              1.8      plus 225 %

In the current year the signs point to growth and an increase in results - the positive effects of the SRS transaction are as yet not included in this projection. ErSol expects 2006 EBT to increase by 100 per cent compared to 2005. On top of that, ErSol wants to more than double operating profit EBIT.

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ots Originaltext: ErSol Solar Energy AG
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Further inquiry note:
Sonja Teurezbacher
Investor Relations Manager
+49 (0)361 219 5130

Branche: Alternative energy
ISIN:      DE0006627532
WKN:        662753
Index:    CDAX, TecDAX
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard

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