AGO AG Energie + Anlagen / Quarter Results
05.11.2009
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AGO AG Energie + Anlagen Releases Nine-Month Figures 2009
+++ Sales increase by 25 percent to EUR 32,125 thousand
+++ EBIT recorded at EUR 404 thousand
+++ Very strong fourth quarter expected
+++ Order backlog up by 68 percent to EUR 34,767 thousand as of 30
September 2009
Kulmbach, 05 November 2009: AGO AG Energie + Anlagen (WKN: A0LR41 / ISIN:
DE000A0LR415) has today published its nine-month report 2009. Sales
increased by 25 percent to EUR 32,125 thousand in the first nine months of
2009 (previous year: EUR 25,676 thousand), with about 95 percent of sales
being generated in Germany. Gross profit from sales correlated to a margin
of 9.79 percent (previous year: 12.67 percent) totalling EUR 3,146 thousand
(previous year: EUR 3,254 thousand). As of the balance sheet date, 30
September 2009, EBIT amounted to EUR 404 thousand after totalling EUR 1,389
thousand in the same period in the previous year. Consolidated net loss
also followed the same pattern, decreasing from EUR 475 thousand as of 30
September 2008 to EUR -56 thousand as of 30 September 2009. Earnings per
share for the first nine months of 2009 amounted to EUR -0.01 (previous
year: EUR 0.12) for 4,000,000 shares.
'AGO AG Energie + Anlagen remains confident that the financial and economic
crisis will not negatively impact earnings for the financial year 2009.
This is only possible thanks to the strategic foresight inherent in the
Group's structure, the generally high demand for energy plants and our
expansion strategy. The decline in earnings as of 30 September 2009 as
compared to the same period in the previous year is due to a legal dispute
about increased heating prices with a heating customer and the downtime of
the biomass cogeneration plant due to maintenance. Taking these two special
factors into account, we are satisfied with the gross margin of 9.79
percent. Viewing the last two quarters side-by-side shows that we achieved
a near doubling of the gross margin to 10.40 percent in the third quarter
2009,' explains Hans Ulrich Gruber, Speaker of the Management Board of AGO
AG Energie + Anlagen.
Sales from margin-enhancing construction projects usually occur in the
second half of the year due to the seasonal nature of AGO AG's business
model. 'We therefore continue to anticipate a very strong fourth quarter to
close the 2009 financial year and reaffirm our forecast for 2009 of sales
rising well-beyond the previous year's level with increased earnings,' says
Hans Ulrich Gruber.
As of September 30, 2009, AGO AG Energie + Anlagen's total assets amounted
to EUR 35,765 thousand (31 December 2008: EUR 38,038 thousand). Equity
decreased from EUR 13,043 to EUR 12,730 thousand. However, the equity ratio
increased from 34.3 percent on 31 December 2008 to 35.6 percent as of 30
September 2009. Liquid assets amounted to EUR 5,855 thousand (31 December
2008: EUR 7,679) and current financial liabilities totalled EUR 2,035
thousand (31 December 2008: EUR 1,702 thousand) for the first nine months
of 2009.
Order backlog as of September 30, 2009 amounted to EUR 34,767 thousand (30
September 2008: EUR 20,756 thousand) and is therefore up 68 percent
compared to the comparable period from the previous year. Compared to 31
December 2008, when order backlog for the full year 2008 amounted to
EUR28,300 thousand, the figure is up 22.9 percent.
'Along with the considerably increased order backlog as of the 2009 nine
month reporting date, the record order intake of EUR 66,075 thousand as of
31 October 2009 shows the high interest in regenerative energies and great
appreciation for the technology used by AGO in its innovative energy supply
solutions among industrial companies, municipal authorities and energy
suppliers,' explains Hans Ulrich Gruber, Speaker of the Management Board of
AGO AG Energie + Anlagen.
The nine-month report 2009 is now available for download at:
http://www.ago.ag/en/investor+relations/reports/reports+2009/.
About AGO AG Energie + Anlagen
The company with company headquarters in Kulmbach which was founded in 1980
is a specialist in the area of innovative and efficient energy supply and
facilities. AGO AG focuses on the three business segments project
development and implementation, operation of facilities as well as service
& consulting. The company's core competences are mainly biomass
cogeneration plants, cogeneration plants, heat and refrigeration plants,
trigeneration as well as contracting. Location studies / location
development, energy efficiency consulting, raw material and fuel management
as well as emissions trading round off the business model. AGO stands for
efficiency, reliability and technological competence for your energy supply
plants.
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
Hamburger Allee 26-28
60486 Frankfurt am Main
www.gfei.de
T. +49 (0) 69 743 037 00
F. +49 (0) 69 743 037 22
ir-ago@gfei.de
05.11.2009 |[![CDATA[|[a href="http://www.dgap.de"|]Financial News transmitted by DGAP|[/a|]]]|]
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Language: English
Company: AGO AG Energie + Anlagen
Am Goldenen Feld 23
95326 Kulmbach
Deutschland
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; Entry Standard
in Frankfurt
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DGAP-News: AGO AG Energie + Anlagen Releases Nine-Month Figures 2009
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