DGAP-News: AGO AG Energie + Anlagen / Key word(s): Half Year Results
AGO AG publishes interim figures for first half of 2013
30.09.2013 / 18:08
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Corporate news from 30 September 2013
AGO AG publishes interim figures for first half of 2013
- Sales: EUR 20,674 thousand (previous year: 21,414)
- Gross margin (adjusted): 9.1 percent
- EBIT: EUR 386 thousand (+162.6 percent)
- Outlook: Increase in average order margin and significant improvement to
annual earnings in 2013
Kulmbach, 30 September 2013: AGO AG Energie + Anlagen (WKN: A0LR41, ISIN:
DE000A0LR415) has published its interim results for the first half of 2013,
a period characterised by the restructuring project initiated in 2012, in
accordance with IFRS accounting principles.
Against this backdrop, sales at AGO AG Energie + Anlagen fell in the first
half of 2013 by EUR 740 thousand or 3.5 percent to EUR 20,674 thousand
(previous year: EUR 21,414 thousand). Gross profit was down by EUR 210
thousand or 15 percent from EUR 1,395 thousand to EUR 1,185 thousand. As a
result, the gross margin came to 5.7 percent (previous year: 6.5 percent).
Adjusted for the costs of the wood gas power plant in Senden and the costs
from Fittings GmbH Formstücke + Anlagen i.L., whose liquidation had already
been concluded, the gross margin would have totalled 9.1 percent. EBITDA
increased by EUR 352 thousand or 94.9 percent to EUR 723 thousand (previous
year: EUR 371 thousand). A much more significant increase was seen in EBIT,
which rose by EUR 239 thousand or 162.6 percent from EUR 147 thousand to
EUR 386 thousand. Earnings from continued operations increased by EUR 246
thousand to EUR 38 thousand (previous year: EUR -208 thousand). Earnings
from discontinued operations increased by EUR 853 thousand to EUR -701
thousand (previous year: EUR -1,554 thousand). This caused consolidated net
profit for the period to increase by EUR 1,133 thousand from EUR -1,753
thousand to EUR -620 thousand. Accordingly, earnings per share (number of
shares: 3,348,269) in the first half of 2013 came to EUR -0.19 (previous
year: EUR -0.52).
'So far we have seen a substantial increase in our equity base in 2013,'
says Georg-Stephan Wilkening, member of the Management Board of AGO AG
Energie + Anlagen. 'As a result, the AGO AG balance sheet will see a
reduction in total assets, because of a decrease in current
interest-bearing liabilities, and an improvement in balance sheet ratios at
the end of 2013. With an order backlog of EUR 24,920 thousand and incoming
orders totalling EUR 17,177 thousand as of 30 June 2013, we are looking to
the rest of the year with a great deal of optimism. We hope to boost the
average order margin and anticipate a significant improvement to our
earnings situation.'
The AGO AG Energie + Anlagen interim report for the first half of 2013 will
shortly be available for download at www.ago.ag under 'Investor Relations'.
About AGO AG Energie + Anlagen:
AGO AG Energie + Anlagen, with its registered office in Kulmbach, was
founded in 1980 and is specialized in the area of innovative and efficient
energy supply facilities for industrial customers and municipalities. Main
focus of AGO AG Energie + Anlagen is laid on the following business
divisions: plant development and implementation, as well as service and
consulting. The core competence of the company mainly commits to thermal
power stations, to heating, cooling and ventilation technology plant
construction, biomass cogeneration plants, natural gas cogeneration and
trigeneration. Site studies and development, consulting in energy
efficiency as well as resource and fossil fuel management - these factors
complete the business model. AGO symbolizes efficiency, security and
technological competence of your energy supply facilities.
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
Am Hauptbahnhof 6
60329 Frankfurt am Main
www.gfei.de
T. +49 (0) 69 743 037 00
F. +49 (0) 69 743 037 22
ir-ago@gfei.de
End of Corporate News
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Language: English
Company: AGO AG Energie + Anlagen
Am Goldenen Feld 23
95326 Kulmbach
Germany
Phone: +49 (0)9221 602-0
Fax: +49 (0)9221 602-149
E-mail: info@ago.ag
Internet: http://www.ago.ag
ISIN: DE000A1TNL44
WKN: A1TNL4
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Frankfurt in
Open Market (Entry Standard)
End of News DGAP News-Service
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232691 30.09.2013
DGAP-News: AGO AG publishes interim figures for first half of 2013
| Source: EQS Group AG