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.
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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
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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
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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
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DGAP-Adhoc: S.A.G. Solarstrom AG: Current project situation and market environment require revision of forecast
| Source: EQS Group AG