DGAP-News: AGO AG: Business Figures 2010
(firmenpresse) - DGAP-News: AGO AG Energie + Anlagen / Key word(s): Final Results
AGO AG: Business Figures 2010
29.04.2011 / 07:45
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Corporate News of 29 April 2011
AGO AG: Business Figures 2010
- Sales: +5.1 % to EUR 52.8 million
- Large negative one-off-effects in the amount of approximately EUR 7.1
million
- EBIT: minus EUR 7.95 million (previous year: EUR 1.67 million)
- Liquid funds: EUR 9.8 million (previous year: EUR 10.3 million)
- Incoming orders on 31 March 2010: EUR 21.0 million
- Outlook for 2011: clearly positive result is expected
Kulmbach, 29 April 2011: AGO AG Energie + Anlagen (WKN code: A0LR41, ISIN
code: DE000A0LR415) is releasing today its Annual Report 2010 according to
IFRS accounting standards.
Sales revenue increased from EUR 50.3 million by 5.1% to EUR 52.8 million
during the business year 2010. 10.2% thereof was realized abroad. The gross
margin amounted to 4.4%, compared to 10.2% of the previous year. The rise
of production costs resulted especially from high heat supply costs of the
biomass cogeneration plant Alperstedt that had to be covered since
litigation was not concluded until the end of the business year 2010. EBIT
worsened in 2010 to minus EUR 7.95 million, after EUR 1.67 million in the
year before. Main causes were one-off-effects from the Alperstedt
litigation. Unscheduled depreciations on property, plant and equipment in
the amount of EUR 5.3 million and large other operating expenses of EUR 1.8
million had to be realized. Consolidated result decreased accordingly to
minus EUR 8.3 million (previous year: EUR 0.3 million). Thus, the result
per share (number of shares: 4,000,000) totaled to EUR -2.07 (previous
year: EUR 0.06).
On 31 March 2011, AGO AG Energie + Anlagen reported incoming orders of EUR
21.0 million and order backlogs of EUR 47.1 million without the investment
projects Berga and St. Luce. Both projects were excluded from order backlog
on 31 December 2010 due to not yet completed financing.
'During the business year 2010, the main focus of AGO AG Energie + Anlagen
was in particular to develop a further foundation of the company's future,
sustainable growth in the areas of decentralized energy supply units and
international expansion.
Above all, we are assessing our opportunities of building decentralized
energy supply units positively not only due to the current implementation
of plants with an electrical power of altogether just below 50 MW. After
the difficult year 2010, we are expecting a significantly better result for
2011 and an upward trend for the years to come. Liquid funds amounting to
EUR 9.9 million on 31 December 2010 enable us with the necessary freedom of
action to pursue our targets,' said Mr. Hans Ulrich Gruber, Speaker of the
Management Board of AGO AG Energie + Anlagen.
The Annual Report 2010 is now available on the following internet page for
download:
http://www.ago.ag/en/investor+relations/reports/reports+2010/.
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. Main focus of AGO AG
Energie + Anlagen is laid on the following three business divisions:
project development and implementation, plant operation and service and
consulting. The core competence of the company commits mainly to biomass
cogeneration plants and power generation plants, to heating and cooling
technology plant construction, trigeneration - a combination of
power-heat-cooling - as well as to contracting. Site studies and
development, consulting in energy efficiency, resource and fuel fossil
consulting as well as emission trade 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(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
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29.04.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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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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121965 29.04.2011
Datum: 29.04.2011 - 07:45 Uhr
Sprache: Deutsch
News-ID 33898
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Kategorie:
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