DGAP-News: AGO AG Energie + Anlagen / Key word(s): Half Year Results
AGO AG Energie + Anlagen publishes the figures for the second quarter
2011
31.08.2011 / 07:45
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Corporate News of 31 August 2011
AGO AG Energie + Anlagen publishes the figures for the second quarter 2011
- Sales revenue: EUR million 33.057 (+59.6 percent)
- Gross profit from sales: EUR million 1.513 (+316 percent)
- EBIT: EUR million 11 (+ EUR million 0.745)
- 'Well-prepared for the strongly demanded market of thermal power
stations'
Kulmbach, 31 August 2011: AGO AG Energie + Anlagen (WKN: A0LR41, ISIN:
DE000A0LR415) closed the second quarter 2011 with a significant increase of
sales and earnings.
AGO AG Energie + Anlagen achieved sales revenue of EUR million 33.057 for
the first half of 2011 (half-year 2010: EUR million 20.718). Compared to
prior year's period, this corresponds to a rise by EUR million 12.339 or
59.6 percent. Sales revenue added up during the first six months of 2011 to
62.6 percent of the total sales revenue of the business year 2010.
Gross profit from sales improved from EUR million 0.364 in the year before
by EUR million 1.149 or 316 percent to EUR million 1.513 although gross
margins of projects under construction still clearly lag behind the newly
acquired projects. In order to stay competitive and to create sufficient
workload, these projects were taken on in the past.
Nevertheless, result from ordinary business activities (EBIT) progressed
from EUR million -0.734 by EUR million 0.745 to EUR million 0.011.
Consolidated result for the period also developed positively in the first
half-year 2011 from EUR million -0.837 during prior year's period by EUR
million 0.272 to EUR million -0.565 -despite being affected by the sale of
the Italian subsidiary AGO energia s.r.l.
Earnings per share (number of shares: 4,000,000) amounted to EUR -0.14 for
the first half year of 2011 (prior year's period: EUR -0.21).
Equity ratio equaled to 13.6 percent (31.12.2010: 13.1 percent) at a
balance sheet total of EUR million 30.918 (31.12.2010: EUR million 36.808).
Cash funds reached EUR million 4.611 on reporting date.
'At mid-year 2011, the operative business was working to full capacity. For
the second half of the year, we will pay attention to operate at balanced
capacity in order to result the excellent incoming orders of 2011 in a
favorable project close-out. Incoming orders of EUR million 26.4 and the
order backlog of EUR million 36.7 on 30 June 2011 emphasize the high level
of acceptance of AGO AG as engineering company. With our know-how
especially on the strongly demanded market of thermal power stations, we
consider ourselves well-prepared for the year 2011 and beyond to
successfully master the upcoming projects,' said Mr. Hans Ulrich Gruber,
Speaker of the Management Board AGO AG Energie + Anlagen.
The Q2 Report 2011 is now available for download on the following internet
page: http://www.ago.ag/de/investor+relations/berichte/berichte+2011/.
About AGO AG Energie + Anlagen:
AGO AG Energie + Anlagen, with its registered office in Kulmbach, was
founded in 1980 and is specialized in the area of innovative and efficient
energy supply facilities for industrial customers. Main focus of AGO AG
Energie + Anlagen is laid on the following three business divisions:
project development and implementation, plant operation and service and
consulting. The core competence of the company commits mainly to biomass
cogeneration plants and power generation plants, to heating and cooling
technology plant construction, trigeneration - a combination of
power-heat-cooling - as well as to contracting. Site studies and
development, consulting in energy efficiency, resource and fuel fossil
consulting as well as emission trade management - these factors complete
the business model. AGO symbolized efficiency, security and technological
competence of your energy supply facilities.
Company contact:
AGO AG Energie + Anlagen
Am Goldenen Feld 23
D-95326 Kulmbach
www.ago.ag
T. +49 (0) 9221 602 0
F. +49 (0) 9221 602 149
ir-ago@ago.ag
Investor Relations contact:
GFEI Aktiengesellschaft
Marcus Kapust
Am Hauptbahnhof 6
60329 Frankfurt am Main
www.gfei.de
T. +49 (0) 69 743 037 00
F. +49 (0) 69 743 037 22
ir-ago@gfei.de
End of Corporate News
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Language: English
Company: AGO AG Energie + Anlagen
Am Goldenen Feld 23
95326 Kulmbach
Germany
Phone: +49 (0)9221 602-0
Fax: +49 (0)9221 602-149
E-mail: info@ago.ag
Internet: http://www.ago.ag
ISIN: DE000A0LR415
WKN: A0LR41
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry
Standard in Frankfurt
End of News DGAP News-Service
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137561 31.08.2011
DGAP-News: AGO AG Energie + Anlagen publishes the figures for the second quarter 2011
| Source: EQS Group AG