DGAP-News: AGO AG publishes Nine-Month-Report 2010
(firmenpresse) - DGAP-News: AGO AG Energie + Anlagen / Key word(s): Quarter Results
AGO AG publishes Nine-Month-Report 2010
22.12.2010 / 07:45
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Corporate News of 22 December 2010
AGO AG publishes Nine-Month-Report 2010
- Focus in 2010 on securing long-term, constant earnings streams
- Sales increase to TEUR 13,995 (+1.1%); EBIT of TEUR 16 (previous year:
TEUR 344)
- Gross margin impacted by valuation adjustments and strong competition
- Settlement of the legal dispute with customer in Alperstedt: Significant
impairment of the plant's value results in loss in 2010; coming years will
not be impacted by one-off effect
Kulmbach, 22 December 2010: Today, AGO AG Energie + Anlagen (WKN: A0LR41,
ISIN: DE000A0LR415) is publishing its IFRS Nine-Month-Report 2010.
In the first nine months of 2010, AGO AG Energie + Anlagen particularly
focussed on strengthening the foundations for future company growth and
securing long-term, constant earnings streams. Sales revenues went up by
12.8% from TEUR 32.125 to TEUR 36,232 and gross profit from sales dropped
by 41.6% from TEUR 3,146 to TEUR 1,838. The gross margin therefore
corresponded to 5.07% (previous year: 9.79%). Manufacturing costs increased
mainly due to the valuation adjustment and the long, hard winter with
heating costs in Alperstedt being high while a legal dispute was still
ongoing as of the reporting date. The company was also unable to pass on
higher construction costs resulting from the rise in steel prices in these
times of economic difficulties and great competition. In the first nine
months of 2010, profit from ordinary activities (EBIT) decreased by TEUR
1,090 from TEUR 404 to TEUR -686. Consolidated net profit for the period
came to TEUR -1,124 (previous year: TEUR -56). Earnings per share (number
of shares: 4,000,000) therefore amounted to EUR -0.28 (previous year: EUR
-0.01).
When looking at the third quarter of 2010 on its own, sales revenues of
TEUR 13,995 were roughly the same as in the previous year (TEUR 13,841).
Gross profit from sales decreased from TEUR 1,440 to TEUR 1,163. The gross
margin therefore amounted to 8.31% (previous year: 10.40%). Profit from
ordinary activities (EBIT) went down by TEUR 328 from TEUR 344 to TEUR 16.
Consolidated net profit for the third quarter of 2010 was TEUR -286
(previous year: TEUR 137).
'We still expect sales to continue rising in financial year 2010. On 24
November, we settled the legal dispute with the customer of the biomass
cogeneration plant in Alperstedt and we will have to write off up to three
quarters of the plant's value. This will result in a significant loss in
2010. However, the coming financial years will not be impacted by this
one-off effect. With incoming orders amounting to TEUR 44,390 and order
backlog of TEUR 46,797 as of 30 September 2010, as well as AGO AG Energie +
Anlagen current amount of incoming orders considerably exceeding TEUR
60,000, especially in Germany and Italy, we are confident about the
company's development now that the legal dispute in Alperstedt is over',
said Hans Ulrich Gruber, CFO of AGO AG Energie + Anlagen.
The Nine-Month-Report 2010 is now available for download at:
http://www.ago.ag/de/investor+relations/berichte/berichte+2010/.
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 andefficient 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(at)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(at)gfei.de
End of Corporate News
22.12.2010 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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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(at)ago.ag
Internet: http://www.ago.ag
ISIN: DE000A0LR415
WKN: A0LR41
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry
Standard in Frankfurt
End of News DGAP News-Service
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107281 22.12.2010
Datum: 22.12.2010 - 07:45 Uhr
Sprache: Deutsch
News-ID 32916
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Kategorie:
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