DGAP-News: AGO AG Energie + Anlagen / Key word(s): Half Year Results
AGO AG publishes H1 2012 figures
27.09.2012 / 08:30
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Corporate News of 27 September 2012
AGO AG publishes H1 2012 figures
- Sales: EUR 21,414 thousand (previous year: EUR 31,677 thousand)
- Gross margin rises from 5.0 percent to 6.5 percent
- EBIT: EUR 147 thousand (previous year: EUR 54 thousand)
Kulmbach, 27 September 2012: AGO AG Energie + Anlagen (WKN: A0LR41, ISIN:
DE000A0LR415) has published its H1 2012 IFRS business figures.
As at the beginning of 2012, AGO AG Energie + Anlagen consistently pursued
its business strategy, which it has been following since 2011, in the first
six months of the year. The strategy focuses on expanding the Company's
core competence plant construction and especially integrated project
management of complex, decentralised energy supply systems for industry and
municipalities.
As planned, the Company controlled incoming orders, which amounted to EUR
15,841 thousand (30 June 2011: EUR 26,400 thousand) as of 30 June 2012,
with a view to generating economic capacity utilisation. Compared with 2010
and 2011, this resulted in higher operating margins. Although sales
decreased by 32.4 percent, from EUR 31,677(*) thousand in the first half of
2011 to EUR 21,414 thousand, the gross margin at the same time increased
from 5.0 percent to 6.5 percent despite existing liabilities from orders
received in 2010. EBIT rose by 172 percent, from EUR 54 thousand to EUR 147
thousand, particularly on account of the drop in sales and general
administration costs. The net loss from continued operations amounted to
EUR 208 thousand compared to a loss of EUR 112 thousand in the previous
year. Earnings from discontinued operations came to EUR -1,554 thousand
(previous year: EUR -471 thousand). The Group's consolidated net profit for
the first half of 2012 amounted to EUR -1,753 thousand (previous year: EUR
-565 thousand). In the first half of 2012, earnings per share (number of
shares: 4 million) therefore amounted to EUR -0.44 (H1 2011: EUR 0.14).
The balance sheet total was EUR 27,269 thousand as of 30 June 2012 (31
December 2011: EUR 31,800 thousand) and equity came to EUR 3,035 thousand
(31 December 2011: EUR 4,785 thousand), corresponding to an equity ratio of
11.1 percent (31 December 2011: 15.1 percent). Current and non-current
liabilities dropped from EUR 27,015 thousand to a total of EUR 24,234
thousand as of the balance sheet date. Liquid assets amounted to EUR 5,129
thousand as of the balance sheet date 30 June 2012 (previous year: EUR
7,434 thousand).
Order backlog as of 30 June 2012 was EUR 23,578 thousand (30 June 2011: EUR
36,700 thousand).
'Following our change in strategy, sales in the current financial year will
be down on those in the previous year. We expect the divestment of all
subsidiaries to result in a decline in total assets and fewer debts. We
forecast a positive result for our core business with a rising trend in the
coming years as a result of us improving our margins,' commented Hans
Ulrich Gruber, CEO of AGO AG Energie + Anlagen.
The Q2 2012 Report of AGO AG Energie + Anlagen is available now for
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.
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; Open Market
(Entry Standard) in Frankfurt
End of News DGAP News-Service
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186554 27.09.2012
DGAP-News: AGO AG publishes H1 2012 figures
| Source: EQS Group AG