DGAP-News: AGO AG Energie + Anlagen / Key word(s): Quarter Results
AGO AG confirms preliminary figures for the first quarter of 2012
25.06.2012 / 10:00
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Corporate News of 25 June 2012
AGO AG confirms preliminary figures for the first quarter of 2012
- Sales revenue Q1/2012: TEUR 11,197 (previous year: TEUR 16,031)
- Increase of gross margin to 7.5 percent (previous year: 5.5 percent)
- EBIT Q1/2012: TEUR 202 (previous year: TEUR 250)
- Prospects 2012: Positive core business company result anticipated
Kulmbach, 25 June 2012: AGO AG Energie + Anlagen (WKN: A0LR41, ISIN:
DE000A0LR415) has concluded the first quarter of 2012 according to plan and
confirms the figures preliminarily announced on 30 April 2012.
The AGO Group has generated sales revenues in the amount of TEUR 11,197 in
the first three months of the 2012 business year with TEUR 16,031 compared
to the same period in the previous year. The decrease of sales revenues is
directly associated with the company's strategic reorientation on its core
competence - plant construction and service in the field of complex
industrial and municipal energy supply facilities. This reorientation and
accordingly the disposal of all equity participations is going to increase
the company result effectively as of 2012.
Already in the first three months, the company has generated a gross
balance in sales revenues in the amount of TEUR 835 (gross margin: 7.5
percent) with TEUR 882 (gross margin: 5.5 percent) compared to the same
period in the previous year. The operational result (EBIT) for the
reporting period amounted to TEUR 202 with TEUR 250 at 31 March 2011. The
Group's result from continuing business divisions was reported slightly
worse with minus TEUR 11 compared to the same period in the previous year
2011 (TEUR 58). Including losses from abandoned business divisions in the
amount of TEUR 1,034 the Group's period result according to IFRS amounted
to minus TEUR 1,041 with TEUR -2 in the previous year.
On the balance sheet day of 31 March 2012, liquid assets of AGO AG Energie
+ Anlagen totaled TEUR 5,550 with TEUR 7,434 on 31 December 2011. With
total assets of TEUR 29,002 on 31 March 2012, equity capital decreased to
TEUR 3,741 due to losses from abandoned business divisions (31 December
2011: TEUR 4,785). That corresponds to an equity ratio of 12.9 percent (31
December 2011: 15.0 percent). On conclusion of selling all of the equity
participations however, a considerable increase of the equity ratio is
expected.
'The change in strategy reflects in the clearly improved gross profit of
the first quarter. The intended controlled amount of incoming orders
totaled TEUR 6,731 on 31 March 2012 - order backlog totaled TEUR 24,400. In
the 2012 business year we are likely to dispose of all equity
participations still belonging to the AGO Group and will keep on focusing
on our very profitable core business which is the design and construction
of cogeneration plants. Accordingly, we predict an ongoing positive result
for our core business operations for the 2012 business year with
sustainable growth in profit for years to come', commented Hans Ulrich
Gruber, CEO of AGO AG Energie + Anlagen.
The report on the first quarter of 2012 of AGO AG Energie + Anlagen is
available as download at www.ago.ag under Investor Relations.
Remark: During the 2011 business year, AGO AG Energie + Anlagen has decided
to sell its Italian equity participations and has partly already
implemented that intention. As a result, these activities have been
classified as discontinued operations. According to IFRS 5.34, for reasons
of better comparability, the profit and loss statement figures of the
previous year must be presented as if these operations had already been
classified as discontinued in that year. Therefore, the prior year's
figures differ from the disclosures in the Q1 2011 consolidated financial
statements.
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 is laid on
the three business divisions: design, engineering and construction of
plants and service and consultation. The core competencies of the company
mainly commit to biomass cogeneration plants and combined heat and power
stations for heating and cooling plant construction and tri-generation (the
simultaneous production of electricity, heat, and cooling). Site studies
and development, energy efficiency consulting, resource and fossil fuel
management as well as emission trade management - these areas round out the
AGO business model. The name AGO symbolizes the efficiency, security and
technological competence of its energy supply facilities.
Contact:
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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175239 25.06.2012
DGAP-News: AGO AG confirms preliminary figures for the first quarter of 2012
| Source: EQS Group AG