DGAP-News: AGO AG Energie + Anlagen / Key word(s): Half Year Results AGO AG publishes H1 2012 figures 27.09.2012 / 08:30 --------------------------------------------------------------------- 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 --------------------------------------------------------------------- 27.09.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 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 --------------------------------------------------------------------- 186554 27.09.2012
DGAP-News: AGO AG publishes H1 2012 figures
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