In the first quarter of 2012 Solar-Fabrik AG (ISIN:
DE0006614712) reached a revenue of ca. 19.1 million euros (Q1
2011: 36.9 million euros), of which ca. 1.5 million euros
(2011 0 million euros) resulted from the sale of a solar park
in the new installation business. The revenue decrease is
predominantly price driven, whereas the price erosion is
mostly provoked by the most recent changes of the German
feed-in-tariff (FIT) regulation. Concurrently the company was
able to improve the gross margin from 12.4 percent in Q1 2011
to ca. 18.1 percent in Q1 2012. This lead to a Q1 2012 EBIT
of 1.5 million euros (Q1 2011: -0.4 million euros) and a net
result of 1.3 million euros (Q1 2011: -0.9 million
euros).
In the beginning of 2012 the political discussions about the
feed-in tariff and the cost of renewable energy dominated the
business environment. While January and February were mostly
export driven the German demand recovered in March driven by
pull-in effects from the mid February discussion about
additional FIT reductions.
The quarterly financials for the period from January 1
through March 31, 2012, is available on the company homepage.
For further information:
Contact:
Investors Relations
Tel.: +49 761 4000-0, Fax: +49 761 4000-199
e-mail: investor(at)solar-fabrik.de
Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten, Munzinger Strasse 10, 79111 Freiburg
ISIN: DE 000 661 471 2
Stock markets: Regulated Market/Prime Standard Segment of Frankfurt Stock Exchange
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