DGAP-News: ralos New Energies AG / Key word(s): Miscellaneous
ralos New Energies AG successful in 2010 with almost 900 competed
projects - First quarter of 2011 profitable, good start to second
quarter - Further personnel, financial and operational measures to
ensure sustainable profitability
16.06.2011 / 07:45
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ralos New Energies AG successful in 2010 with almost 900 competed projects
- First quarter of 2011 profitable, good start to second quarter - Further
personnel, financial and operational measures to ensure sustainable
profitability
Griesheim - 16 June 2011 - ralos New Energies AG, a national and
international service provider and project developer for solar systems and
solar farms, successfully installed and connected almost 900 solar systems
in 2010. Heinrich Dauscher (COO), the member of the Management Board
responsible for Sales and Technology, considers the ralos Group's operating
reliability and its reputation for solid, high-quality work to be the main
reasons for its strong competitive position. According to the final figures
(IFRS) for the 2010 financial year, which have now been published, the
Group recorded sales of EUR 123.9 million (previous year: EUR 86.5
million), an operating result (EBIT) of EUR 7.45 million (previous year:
EUR -7.37 million) and a consolidated net profit of EUR 1.33 million
(previous year: consolidated net loss of EUR 8.61 million). The operating
result is at the upper end of the range of EUR 6.5-7.5 million that was
announced in early January.
In order to position ralos New Energies AG for sustainable development and
continued profitability in the more challenging years that are expected to
lie ahead, the Supervisory Board appointed Martin Meurer as Chief Financial
Officer (CFO) at the end of the previous year. Mr. Meurer is an experienced
manager in environmental and renewable energies functions and boasts
capital market expertise. The CFO and acting Chief Executive Officer is
jointly responsible within the Management Board for implementing
fundamental operational and financial measures and for the Group's sales
positioning with a view to expanding its business activities. Further
details will be published in the near future.
In the first quarter of 2011, ralos saw the downturn in demand that was
expected in Germany. However, the regional positioning of the ralos Group
and the product mix consisting of roof-mounted systems and large-scale
projects - particularly in the Italian market - proved its worth once
again, allowing the Group to record a positive operating result (EBIT: EUR
734 thousand) and a consolidated net profit (EUR 361 thousand) for the
first quarter. The changes in national and international feed-in tariffs
mean that the future prospects for the Group remain healthy. Roof-mounted
systems, one of ralos' particular strengths, have only been affected by the
reductions in feed-in compensation to a limited extent, meaning that
professional investors will still be able to generate satisfactory returns
- and not only due to lower production costs. Regenerative initiatives are
also expected to benefit after Italy voted against nuclear energy at the
weekend.
In the second quarter, the Group made good progress in terms of development
and contractual negotiations for a range of potential projects, the volume
of which was almost the same as in the previous year. In addition to
traditional roof-mounted systems, the branch offices used the flexibility
afforded them by the reorientation of the sales organisation to acquire two
(open-field) projects with an output in excess of 2 MW, among other things.
The sales network was also optimised in terms of cost and profitability.
The transfer of activities in the French market to one of the German branch
offices as part of the reorganisation of the sales network led to a
significant upturn in business. The branch office signed a contract for a
950kW project, and other similar orders will be concluded shortly.
The Management Board expects to be able to publish details of further
progress in the near future.
The Management Board
Contact:
Company contact:
Registered address:
DieselstraÃe 12
64347 Griesheim
Mailing address:
Pfungstädter Str. 100a
64297 Darmstadt
Tel.: +49 (0)6151 95165-0
Fax.: +49 (0)6151 95165-20
info@ralos-new-energies.com
www.ralos-new-energies.com
Investor relations contact:
GFEI Aktiengesellschaft
Am Hauptbahnhof 6
60329 Frankfurt am Main
Tel.: +49 (0) 69 74 30 37 00
Fax: +49 (0) 69 74 30 37 22
ralos-new-energies@gfei.de
www.gfei.de
End of Corporate News
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Language: English
Company: ralos New Energies AG
Kuhbergstr. 28
34131 Kassel
Deutschland
Phone: +49 (0)561-93 87 70
Fax: +49 (0)561-93 87 744
E-mail: info@ralos-new-energies.com
Internet: www.ralos-new-energies.com
ISIN: DE0005203004
WKN: 520300
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry
Standard in Frankfurt
Notierung im Regulierten Markt vorgesehen
End of News DGAP News-Service
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128693 16.06.2011
DGAP-News: ralos New Energies AG successful in 2010 with almost 900 competed projects - First quarter of 2011 profitable, good start to second quarter - Further personnel, financial and operational measures to ensure sustainable profitability
| Source: EQS Group AG