Solarpraxis AG Adjusts Forecasts for 2013 Financial Result
(firmenpresse) - (DGAP-Media / 17.10.2013 / 17:39)
Solarpraxis AG Adjusts Forecasts for 2013 Financial Result
Berlin, Germany, October 17th, 2013 - Solarpraxis AG has adjusted its
forecast for its 2013 financial result downwards. The knowledge and service
provider, which operates in the renewable energies sectors, is expected to
close the current financial year with a higher loss than originally
expected.
While revenue in the previous year came to around EUR 5.9 million, the
company expects revenue to reach around EUR 3.9 million in 2013,
representing a year-on-year drop in revenue of just under 34 percent. Among
the causes of this decline are the bankruptcy and the reduced willingness
to invest of both existing and potential customers, who have been facing a
challenging market environment.
While Solarpraxis AG has been able to reduce its expenses by around EUR 1.3
million in the current financial year, these savings were unable to fully
compensate for the decline in revenue.
The company expects revenue to shrink by a further 20 percent in 2014.
The Executive Board and Supervisory Board agreed upon a package of measures
to achieve additional and significant cost reductions.
'Even though we have seen encouraging market performance in Japan and
China, for example, the global solar industry is still currently
experiencing a painful phase of realignment. The installed solar power
capacity will continue to grow worldwide in 2014, but many companies in
this sector will have to expect a negative operating result once again for
2014,' explained Karl-Heinz Remmers, CEO of Solarpraxis AG. 'Despite the
challenging conditions, Solarpraxis is well-equipped to handle the changes
in the industry. We have managed to quickly adapt our range of products to
the changing needs of the industry. Some products, such as our industry
publication pv magazine, already have such an international focus that they
are benefiting from growth markets around the world. We do see light at the
end of the tunnel, but the journey there still is not an easy one.'
Sunbeam GmbH, a wholly-owned subsidiary of Solarpraxis, is expected to
generate a positive operating result again in 2013, and the forecasts for
2014 give reason to expect another positive result at this PR agency for
renewable energies and energy efficiency.
About Solarpraxis AG
Based in Berlin, Solarpraxis was established in 1998 as a partnership under
the German Civil Code ('GbR') by Dipl.-Ing. Karl-Heinz Remmers and Kay
Neubert. Since 2006 shares in Solarpraxis AG have been listed and traded on
the stock exchange. As one of the leading consultants and service providers
in the renewable energies sector, this group of companies employs over 80
people in the fields of engineering, publishing and conferences, and also
in public relations, new media and communications design.
www.solarpraxis.de
Contact
Solarpraxis AG
Judith Hübner
Tel: +49 (0) 30/726 296 - 327
Email: judith.huebner(at)solarpraxis.de
End of Media Release
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Issuer: Solarpraxis AG
Key word(s): Services
17.10.2013 Dissemination of a Press Release, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Solarpraxis AG
Zinnowitzer Str. 1
10115 Berlin
Germany
Phone: +49 (0)30 72 62 96 - 300
Fax: +49 (0)30 72 62 96 - 309
E-mail: info(at)solarpraxis.de
Internet: www.solarpraxis.de
ISIN: DE0005495477
WKN: 549547
Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in
Open Market (Entry Standard)
End of News DGAP-Media
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235060 17.10.2013
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Datum: 17.10.2013 - 17:39 Uhr
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