DGAP-News: S.A.G. Solarstrom AG / Key word(s): Regulatory Approval
S.A.G. Solarstrom AG now in the Prime Standard
27.05.2011 / 08:43
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S.A.G. Solarstrom AG now in the Prime Standard
Freiburg, May 27, 2011. The ordinary shares of S.A.G. Solarstrom AG (German
security identification number: 702 100, ISIN: DE0007021008) will today be
included in trading in the Prime Standard of the German Stock Exchange
after approval has been granted. The sub-segment of the EU-regulated market
offers investors a high level of transparency. S.A.G. Solarstrom AG already
rose from the Entry Standard to the General Standard of the Frankfurt Stock
Exchange in July 2010 and has now followed through with the change of
segment to the Prime Standard previously announced. This underscores the
Group's international alignment and capital market orientation.
'We have already met the transparency obligations of the Prime Standard for
some time, including providing the company's quarterly reports in both
German and English', says Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom AG.
'It was therefore merely a consistent administrative step for us to change
to the next higher segment'.
The S.A.G. Solarstrom AG share was one of the first solar shares in
Germany. The share was first traded over the counter on the Munich Stock
Exchange in April 1999, and later listed in the m:access segment. On May
17, 2000 the share was also listed for the first time in the OTC segment of
the Frankfurt Stock Exchange. On July 9, 2010 the company advanced to the
General Standard of the Stock Exchange in Frankfurt.
More profitable, internationally established photovoltaics specialist
The Freiburg-based company has been on a profitable and sustainable growth
course since 2007. In 2010, the Group achieved sales of EUR201 million and
an EBIT of EUR13.1 million. For 2011, S.A.G. Solarstrom AG forecasts sales
of between EUR260 and EUR280 million and an EBIT of between EUR16 and EUR18
million. The Group not only constructs international rooftop and
ground-mounted photovoltaic systems of all sizes, but also has a strong
service business and its own power plant portfolio, which is currently 21.5
MWp.
'As a manufacturer-independent system integrator, we benefit from the
current decline in the prices of components for photovoltaic systems. We
are therefore very confident that we will be able to continue our
profitable growth course of the past few years, even under the current
market conditions', explains Dr. Karl Kuhlmann. 'Our aim is to attract more
attention from institutional investors through our listing in the Prime
Standard, so that our corporate success and the values that we have created
over the last few years can be reflected in the share price in the
long-term'.
About S.A.G. Solarstrom AG
S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN:
DE0007021008) of Freiburg i.Br., Germany, is a manufacturer-independent
provider of high-quality photovoltaic plants configured to customers'
individual needs. The Group constructs efficient plants of all sizes both
in Germany and abroad. S.A.G. Solarstrom AG also produces solar energy at
its own plants.
S.A.G. Solarstrom AG's service portfolio covers the entire life cycle of
photovoltaic plants, including forecast and energy services, yield reports,
and remote service and maintenance, as well as insurance and financing. The
Group thus offers a comprehensive value chain in photovoltaics, from yield
reports, planning, construction, operations, and monitoring to
optimization, repowering, and deconstruction.
Founded in 1998, S.A.G. Solarstrom AG is considered a pioneer in the solar
industry. Around 200 specialists work at the four locations in Germany and
the foreign subsidiaries.
S.A.G. Solarstrom AG is listed in the Prime Standard of the Frankfurt Stock
Exchange as well as according to the rules and standards M:access of the
Munich Stock Exchange.
Further information: www.solarstromag.com
Contact:
S.A.G. Solarstrom AG
Sasbacher StraÃe 5
79111 Freiburg
Germany
www.solarstromag.com
Public Relations / Investor Relations
Jutta Lorberg
phone: +49-(0)761-4770-311
e-mail: pr@solarstromag.com / ir@solarstromag.com
End of Corporate News
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27.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: S.A.G. Solarstrom AG
Sasbacher Str. 5
79111 Freiburg
Deutschland
Phone: + 49 761 4770 0
Fax: + 49 761 4770 555
E-mail: mail@solarstromag.com
Internet: www.solarstromag.com
ISIN: DE0007021008
WKN: 702100
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München
(m:access), Stuttgart
End of News DGAP News-Service
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126512 27.05.2011
DGAP-News: S.A.G. Solarstrom AG now in the Prime Standard
| Source: EQS Group AG