DGAP-News: S.A.G. Solarstrom AG: S.A.G. Solarstrom AG's large-scale projects with over 20 MWp grid connected as scheduled

 | Source: EQS Group AG EQS Group AG 

S.A.G. Solarstrom AG / Miscellaneous

22.12.2009 

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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S.A.G. Solarstrom AG's large-scale projects with over 20 MWp grid connected
as scheduled

  - Forecast for 2009 of between EUR125 and EUR140 million and EBIT of
    between EUR5 and EUR8 million has been reconfirmed

  - Forecast for 2010 with anticipated sales of between EUR190 and EUR210
    million and EBIT of between EUR8 and EUR11 million substantiates growth
    curve

Freiburg, December 22, 2009. S.A.G. Solarstrom AG (German security
identification number: 702 100, ISIN: DE0007021008), Freiburg, has
completed and connected to grid their large-scale projects in Stribro,
Czech Republic (13.6 MWp), Dehner Garden Center in Rain am Lech (4.6 MWp)
and NBC Franken Solarfonds 1 (so far 2.3 MWp) on schedule. S.A.G. therefore
confirmed the forecast for the fiscal year 2009 with anticipated sales of
between EUR125 and EUR140 million and an EBIT in the range of EUR5 to EUR8
million. The company is expecting sales of between EUR190 and EUR210
million and an EBIT of between EUR8 and EUR11 million for fiscal year 2010,
despite the difficult market situation.

The system in Stribro near Pilsen is currently the largest system in the
Czech Republic with a total of 13.6 MWp. S.A.G. Solarstrom AG reported for
the first time on this project at the end of May. The system has now been
completely installed as planned and connected to grid.

In September, S.A.G. Solarstrom AG was commissioned by the project planning
company WALTER konzept, Ellwangen, as the main contractor for the
installation of the planned 4.6 MWp system on the rooftop of the Dehner
Garden Center, after WALTER konzept was awarded the contract for handling
the large-scale project in June. S.A.G. Solarstrom AG took over 4.2 MWp of
the project from WALTER konzept.

Back in May, S.A.G. Solarstrom AG was commissioned by the NBC Franken
Solarfonds 1 GmbH & Co. KG to install photovoltaic systems on around 160
rooftops of charitable and municipal buildings in the region. To date, a
total of 2.3 MWp in system sizes of 20-30 kWp average have been installed
on up to eight parallel construction sites and connected to grid.

'We have completed and grid connected all large-scale projects as promised.
The second half-year and the fourth quarter in particular met our
expectations in every respect. We are therefore very confident that we will
definitely be able to achieve our goals for 2009', says Dr. Karl Kuhlmann,
CEO of S.A.G. Solarstrom AG. 'For 2010 we are cautiously optimistic, even
though it is very difficult to plan in the current market, due to the
financing conditions and uncertainty of component availability. At any
rate, we will continue to pursue our adopted growth strategy and are
anticipating sales of between EUR190 million and EUR210 million and an EBIT
between EUR8 million and EUR11 million.'


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Information and Explaination of the Issuer to this News:

About S.A.G. Solarstrom AG

S.A.G. Solarstrom AG (WKN: 702 100, ISIN: DE0007021008) of Freiburg,
Germany, are a manufacturer-independent provider of high-quality
photovoltaic plants configured to customers' individual needs. The group
constructs efficient plants of all sizes both in Germany and abroad. S.A.G.
also produce solar energy at their own plants.

S.A.G. Solarstrom AG's service portfolio covers the entire life cycle of
photovoltaic plants, including energy- and weather-data management, yield
reports, and remote 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.

Founded in 1998, S.A.G. Solarstrom AG are considered pioneers in the solar
industry. Around 160 specialists work at S.A.G.'s four locations in Germany
and subsidiaries in Italy, Spain, Austria, and Switzerland.

S.A.G. Solarstrom is listed on the open market, Entry Standard of the
Frankfurt Stock Exchange as well as according to the rules and standards
M:access of the Munich Stock Exchange.

Contact:
S.A.G. Solarstrom AG
Sasbacher Straße 5
79111 Freiburg
Germany
www.solarstromag.com 

Investor Relations:
Veit-Gunnar Schüttrumpf
Phone: +49- (0)761-4770-368
e-mail: ir@solarstromag.com

Public Relations:
Jutta Lorberg 
Phone: +49 (0) 761 / 4770-311
e-mail: presse@solarstromag.com



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