S.A.G. Solarstrom AG / Key word(s): Profit Warning 29.11.2013 10:03 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- S.A.G. Solarstrom AG: Current project situation and market environment require revision of forecast Freiburg i. Br., November 29, 2013. S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN: DE0007021008), Freiburg i. Br., needs to revise its earnings expectations for business year 2013 in view of the current project situation and the market environment. The company had most recently confirmed the forecast with an installation and sales volume of more than 117 MWp and a positive operating result in the Corporate News of November 7, 2013. The confirmation of the forecast was based on a project pipeline in the three-digit MWp range for 2013 and 2014, according to which contract negotiations for a significant volume are already at an advanced stage with an international energy operator. However, the projects planned for 2013 have been further delayed to such an extent that the communicated installation and sales volume, and thus the earnings target, can no longer be achieved within the remaining time to the end of the year. In view of the industry situation in Europe, which is marked by a slump in the market of over 50 %, the installation volume of these projects cannot be compensated for by other projects by the end of the year. S.A.G. Solarstrom AG is now anticipating that the installation and sales volumes will fall significantly below the planned targets in business year 2013, and that the operating result (EBIT) will be negative. Contact: S.A.G. Solarstrom AG Sasbacher StraÃe 5 79111 Freiburg Germany www.solarstromag.com Public Relations / Investor Relations Jutta Lorberg phone: +49-(0)761-4770-311 e-mail: pr@solarstromag.com / ir@solarstromag.com --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: About S.A.G. Solarstrom AG S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN: DE0007021008) of Freiburg i.Br., Germany, is a manufacturer-independent provider of photovoltaic plants configured to customers' individual needs. The Group constructs plants of all sizes both in Germany and abroad. S.A.G. Solarstrom AG also produces solar energy at its own plants. S.A.G. Solarstrom AG's service portfolio covers the entire life cycle of photovoltaic plants, including forecast and energy services, yield reports, and remote service and maintenance, as well as insurance and financing. The Group thus offers a comprehensive value chain in photovoltaics, from yield reports, planning, construction, operations, and monitoring to optimization, repowering, and deconstruction. S.A.G. Solarstrom AG was founded in 1998. Around 200 specialists work at the four locations in Germany and the foreign subsidiaries. S.A.G. Solarstrom AG is listed in the Prime Standard of the Frankfurt Stock Exchange as well as according to the rules and standards M:access of the Munich Stock Exchange. Further information: www.solarstromag.com 29.11.2013 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: S.A.G. Solarstrom AG Sasbacher Str. 5 79111 Freiburg Germany Phone: + 49 761 4770 0 Fax: + 49 761 4770 555 E-mail: mail@solarstromag.com Internet: www.solarstromag.com ISIN: DE0007021008, DE000A1E84A4, DE000A1K0K53, WKN: 702100, A1E84A, A1K0K5 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München (m:access), Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: S.A.G. Solarstrom AG: Current project situation and market environment require revision of forecast
| Source: EQS Group AG