DGAP-News: AGO AG: Completion of current order volume in excess of EUR 60.0 million in 2011
(firmenpresse) - DGAP-News: AGO AG Energie + Anlagen / Key word(s): Miscellaneous
AGO AG: Completion of current order volume in excess of EUR 60.0
million in 2011
04.02.2011 / 16:02
---------------------------------------------------------------------
Corporate News dated 4 February 2011
AGO AG: Completion of current order volume in excess of EUR 60.0 million in
2011
- Order backlog of EUR 55.0 million on 31 December 2010
- Incoming orders of EUR 12.0 million on 31 January 2011
- Excellent liquidity of just under EUR 10.0 million on 31 December 2010
- Extremely positive outlook for 2011
Kulmbach, 4 February 2011: Today, AGO AG Energie + Anlagen (WKN: A0LR41,
ISIN: DE000A0LR415) is publishing the key figures on the company's current
situation.
Order backlog amounted to around EUR 55.0 million on 31 December 2010. The
Company plans to complete all these orders in financial year 2011. The
majority of order backlog results from AGO AG's project business with
suppliers. Roughly EUR 8.0 million of the current order backlog pertain to
the Plant Operation division. After completion, the Group expects regular
sales of almost EUR 3.0 million a year.
Incoming orders, amounting to around EUR 12.0 million on 31 January 2011,
are also planned to be finalised in financial year 2011. Current incoming
orders include the large order from Stadtwerke Kiel for EUR 10.0 million
and orders from the business divisions Services and Consulting Services
totalling approximately EUR 2.0 million.
'After a difficult 2010, we expect an extremely positive financial year
2011. At the end of last year, we were able to conclude the legal dispute
with a customer in Alperstedt, which will save us roughly EUR 1.0 million
annually. The increase in profit margins in the Project Development
division since summer 2010 will result in earnings rising steeply. In
addition, preliminary figures indicate liquidity of just under EUR 10.0
million on 31 December 2010, which will provide us with sufficient
flexibility to cement the further growth of AGO AG. We expect to announce
further orders for the implementation of energy centres,' said Hans Ulrich
Gruber, CFO of AGO AG Energie + Anlagen.
The Company plans to publish the preliminary figures for financial year
2011 in March 2011.
About AGO AG Energie + Anlagen:
AGO AG Energie und Anlagen is based in Kulmbach and was founded in 1980. It
is a specialist in the area of innovative and efficient energy supply and
facilities for industrial customers. The company focuses on the three
business segments project development and implementation, operation of
facilities as well as service and consulting. The company's core
competences are mainly biomass cogeneration plants, cogeneration plants,
heat and refrigeration plants, trigeneration as well as contracting.
Location studies / development, energy efficiency consulting, raw material
and fuel management as well as emissions trading round off the service
range of AGO AG Energie und Anlagen.
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
---------------------------------------------------------------------
04.02.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
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
---------------------------------------------------------------------
111202 04.02.2011
Datum: 04.02.2011 - 16:02 Uhr
Sprache: Deutsch
News-ID 33145
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 206 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: AGO AG: Completion of current order volume in excess of EUR 60.0 million in 2011"
steht unter der journalistisch-redaktionellen Verantwortung von
AGO AG Energie + Anlagen (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
