Corporate | 26 March 2009 09:35
COLEXON Energy AG / Final Results/Development of Sales
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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The issuer / publisher is solely responsible for the content of this announcement.
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- EBIT increased from EUR 216 thousand to EUR 12.15 million
- Turnover grows to EUR 143 million by 67 percent
- Website relaunch emphasizes focus on the future and transparency
Hamburg, March 26, 2009: COLEXON Energy AG publicizes its annual report
2008 today. The previous year was the most successful in COLEXON's history.
The Company closed the year 2008 with significant revenue and EBIT gains.
Revenue was increased by 67 percent year-on-year up to EUR 143 million. The
improvement in earnings before interest and taxes (EBIT) rose even more
from EUR 216 thousand in 2007 to EUR 12.15 million in the year. COLEXON has
thus established itself in the market and now has a firm footing despite
the mounting recessionary risks worldwide.
PV systems with a total output of around 24 MW were implemented within the
scope of project development. At the end of 2008, COLEXON beat the record
for the largest rooftop solar power installation from First Solar thin-film
technology for the third time in succession, using this technology to
connect output of 4.64 MWp to the grid in Hassleben, Brandenburg and thus
could emphasize its position as leading PV-system integrator. The Company
also ramped up its business volume in the wholesale business. Overall,
modules with total output of approximately 32 MW were sold.
COLEXON was also able to strengthen the mutual trust to the financing banks
and thus to receive intermediate financing for major projects in unsecure
times, i. e. the 1.9 MW project Michelin and the 3.0 MW project Waldeck.
The volumes of these projects amount to EUR 18 million combined.
The Company further expanded its network of investors and partners in 2008,
which means that COLEXON's order books have already been filled for 2009.
In the last quarter of 2008, when the financial crisis was already in full
swing, COLEXON succeeded in acquiring two key strategic partners: tnp
Mitteldeutsche Fonds Beteiligungs GmbH as an investor for PV power plants
and PHW group (Wiesenhof brand), from which the Company secured what is
currently the largest continuous roof portfolio in Germany.
COLEXON's focus on the innovative, efficient thin-film modules produced by
market leader First Solar proved to be a beneficial approach under these
market conditions. In total the thin film order volume amounted 70 percent.
Furthermore, COLEXON was able to increase the order volume on First Solar
modules for the coming years and received further country approvals for
South Korea, France and Italy. First Solar is therefore pivotal in the
Company's internationalization strategy.
Another key component of the strategy concept is the Company's controlled
international expansion into new growth markets. The following companies
were established: Colexon Corp., USA (January 2008), Sainte Maxime Solaire,
France (December 2008) and COLEXON France (December 2008). In the Czech
Republic, the subsidiary COLEXON Energy s. r. o. was in the process of
registration at the end of 2008.
The annual report 2008 is now available on the website of COLEXON Energy AG
that has been relaunched simultaneously. The relaunch is a milestone in
COLEXON's corporate communications history. 'In our view, the relaunch is
necessary for presenting the Group as a unit externally and showcasing its
forward-looking, international alignment' said Thorsten Preugschas, CEO of
COLEXON Energy AG.
About COLEXON Energy AG
The international COLEXON group is one of the leading
manufacturer-independent system integrators in the photovoltaic sector. The
company designs and installs turnkey photovoltaic plants for institutional
and private investors in Germany and abroad. COLEXON is specialized in the
realization of return optimized and large scale photovoltaic projects.
(from 100 kWp onwards). The company's target group primarily comprises
institutional investors and builders in the agricultural, industrial and
public sectors. COLEXON Energy AG is listed in the Prime Standard at the
German Stock Exchange in Frankfurt.
Contact COLEXON:
Jan Hutterer, Kirsten Friedrich
COLEXON Energy AG
Große Elbstraße 45
22767 Hamburg
Tel. 0 40. 28 00 31-100
Fax: 0 40. 28 00 31-101
E-mail: hutterer@colexon.de
www.colexon.de
COLEXON Energy AG
ISIN: DE0005250708
WKN: 525070
Prime Standard, Regulated Market Frankfurt
26.03.2009 Financial News transmitted by DGAP
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Language: English
Issuer: COLEXON Energy AG
Große Elbstraße 45
22767 Hamburg
Deutschland
Phone: +49(0)40 280031-0
Fax: +49(0)40 280031-101
E-mail: k.friedrich@colexon.de
Internet: www.colexon.de
ISIN: DE0005250708
WKN: 525070
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Düsseldorf
End of News DGAP News-Service
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