DGAP-News: Heliocentris Energy Solutions AG / Key word(s): Quarter
Results
Heliocentris Energy Solutions AG with considerable growth in the first
quarter of 2015
29.05.2015 / 07:30
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Heliocentris Energy Solutions AG with considerable growth in the first
quarter of 2015
- Sales more than triple year on year to EUR 2,941 thousand in the first
quarter (Q1 2014: EUR 719 thousand)
- Order intake climbs 164% to EUR 4,463 thousand (Q1 2014: EUR 1,690
thousand)
- Sales and order backlog of EUR 11.7 million as of 30 April 2015 promise
further considerable growth year on year
Berlin, 29 May 2015 - Heliocentris Energy Solutions AG, which is listed in
the Prime Standard of the Frankfurt Stock Exchange (ISIN DE000A1MMHE3), is
publishing its figures for the first quarter of 2015 today. In the first
quarter of the current financial year, the Group followed up on its dynamic
growth of the previous year.
In the period from January to March 2015, the Heliocentris Energy Solutions
Group's sales increased more than threefold to EUR 2,941 thousand (Q1 2014:
EUR 719 thousand). Incoming orders, a key indicator for sales performance,
rose by 164% as against the same quarter of the previous year to EUR 4,463
thousand in the first quarter of 2015. The Group's gross profit amounted to
EUR -216 thousand and therefore improved by 52% or EUR 200 thousand
compared to the same quarter of the previous year (Q1 2014: EUR -416
thousand). The gross profit in relation to sales improved to -7% in the
reporting period after -58% in the first quarter of 2014. The main driver
behind this improvement was the better utilisation of the largely fixed
indirect production costs as a result of the rise in sales. Further
financial figures and the underlying details can be found in the quarterly
financial report, which is available in the Investor Relations section of
the website at www.heliocentris.com.
Ayad Abul-Ella, CEO of Heliocentris Energy Solutions AG, says: "After our
significant growth in 2014, we are very pleased to have continued this
trend in the first quarter of 2015. As a result of the recent cash capital
increase, we have also secured Fidelity Investments as a new shareholder
with a share of voting rights of more than 5%. In total, around 20% of our
shares have now been held by the major investment funds Fidelity and Ruffer
since 19 May 2015. This is a very gratifying development and a confirmation
of the attractiveness of our new business model and the potential of our
share."
The promising trend of the first quarter continued in April. On 6 April
2015, Heliocentris Energy Solutions AG received an initial order worth
around EUR 1 million from Etisalat for the modernisation and hybridisation
of 30 mobile telecommunications base stations in the United Arab Emirates.
This is based on a framework agreement for the modernisation and
hybridisation of up to 500 stations. On 8 April 2015, a further order from
"Emirates Integrated Telecommunications Company - du" to supply and install
30 solar hybrid systems was announced. Together with other orders from
Myanmar and Cummins, Heliocentris therefore posted already sales plus an
order backlog of EUR 11.7 million as of 30 April 2015.
About Heliocentris Energy Solutions AGâ¨
Heliocentris Energy Solutions AG is a leading technology provider of energy
management systems and hybrid power solutions for distributed stationary
industrial applications, as well as of products and solutions for
education, training and applied research purposes in the field of fuel
cells, solar, wind and hydrogen energy technologies. Heliocentris' energy
management systems creates intelligent, remote controlled, reliable and
highly efficient hybrid energy solutions from diverse components such as
batteries, photovoltaic modules, conventional diesel generators and fuel
cells. The solutions reduce CO2 emissions by an average of 50% and
operating costs by up to 60% compared to conventional energy solutions for
mobile telecommunications base stations. Heliocentris' fuel cell systems
ensure uninterrupted power supply with long runtimes to
criticalâ¨infrastructure such as TETRA base stations, back-bone sites in
mobile networks and server stations. The Company employs at present around
185 people and is headquartered in Berlin with offices in Munich,
Stuttgart, Dubai, Yangon, Vancouver and Johannesburg. Heliocentris AG's
shares are traded in the Entry Standard of the Frankfurt Stock Exchange
under the security identification number A1MMHE. Further information is
available at www.heliocentris.com.
Contactâ¨
Heliocentris Energy Solutions AGâ¨
Investor Relationsâ¨
D-12489 Berlinâ¨
Rudower Chaussee 29â¨
Tel. +49 (0)30 340 601 500â¨
Fax +49 (0)30 340 601 599â¨
IR@Heliocentris.com
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29.05.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Heliocentris Energy Solutions AG
Rudower Chaussee 29
12489 Berlin
Germany
Phone: +49 (0)30 340 601 500
Fax: +49 (0)30 340 601 599
E-mail: ir@heliocentris.com
Internet: www.heliocentris.com
ISIN: DE000A1MMHE3
WKN: A1MMHE
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart,
Tradegate Exchange
End of News DGAP News-Service
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362977 29.05.2015
DGAP-News: Heliocentris Energy Solutions AG with considerable growth in the first quarter of 2015
| Source: EQS Group AG