DGAP-News: AGO AG: Preliminary Figures for the 1st Quarter of 2011
(firmenpresse) - DGAP-News: AGO AG Energie + Anlagen / Key word(s): Miscellaneous
AGO AG: Preliminary Figures for the 1st Quarter of 2011
03.05.2011 / 07:45
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Corporate News of 3 May 2011
AGO AG: Preliminary Figures for the
1st Quarter of 2011
- Increase of sales revenue by 33% to EUR 17.4 million
- Increase of EBIT by EUR 1.1 million
- Outlook for 2011: rise in gross margin and clearly positive result is
expected
Kulmbach, 3 May 2011: AGO AG (WKN code: A0LR41, ISIN code: DE000A0LR415)
augmented its sales revenue from EUR 13.0 million in the prior year's
quarter by 33% to EUR 17.4 million according to preliminary IFRS accounting
standards. Despite the fact that various projects ended at lower margins in
the first quarter of 2011 compared to order backlog 2011, gross results
increased by EUR 1.0 million to EUR 0.8 million. EBIT also improved
significantly by EUR 1.1 million. After EUR -1.1 million at the same period
last year, break-even was achieved on 31 March 2011 in the weakest quarter
of the business cycle.
'After a difficult year 2010, we succeeded reversing the decline in the
first quarter of 2011. Even though we are heading only for a balanced EBIT
at the end of the quarter, we are very optimistic for the further course of
the year. At present, cogeneration units with combined heat and power
systems are in demand. With incoming orders amounting to EUR 21.0 million
and order backlogs of EUR 47.1 million on 31 March 2011, our capacity
utilization for the full year is correspondingly high.
The turnaround of AGO AG Energie + Anlagen results from the ongoing strong
demand for natural gas driven thermal power stations with megawatt output
which is requested not only by municipalities but also by industrial
companies, increasingly backed by AGO's typical feature of trigeneration.
Looking forward, we anticipate an improvement of the gross margin as well
as a strongly positive group result for 2011,' noted Mr. Hans Ulrich
Gruber, Speaker of the Management Board of AGO AG Energie + Anlagen.
The release of the detailed Q1 Report 2011 is expected for end of May 2011.
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
Am Hauptbahnhof 6
60329 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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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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122467 03.05.2011
Datum: 03.05.2011 - 07:45 Uhr
Sprache: Deutsch
News-ID 33942
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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