DGAP-News: ralos New Energies AG reports successful General Meeting - positive earnings as of July - Board of Directors sees 2011 as year of systematic consolidation
(firmenpresse) - DGAP-News: ralos New Energies AG / Key word(s): Miscellaneous
ralos New Energies AG reports successful General Meeting - positive
earnings as of July - Board of Directors sees 2011 as year of
systematic consolidation
09.09.2011 / 07:50
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ralos New Energies AG reports successful General Meeting - positive
earnings as of July - Board of Directors sees 2011 as year of systematic
consolidation
Griesheim - 09 September 2011 - ralos New Energies AG, a national and
international service provider and project developer for roof-mounted solar
systems and solar farms, held its Annual General Meeting for the 2010
financial year with a high degree of approval from the shareholders. With
more than 50% of the share capital represented, all proposals by the
management as listed in the agenda were adopted unanimously or virtually
unanimously.
Particularly noteworthy was the election of Dr. Wolfgang Weirich, Chairman
of the Supervisory Board of meeco AG, Zug (Switzerland), a company with a
broad-based international sales positioning, as an additional member of the
Supervisory Board of ralos New Energies AG. The meeco Group has been
operating on the solar market since 2002 and has designed and marketed
solar power systems with a volume of over 200 MWp during this period.
Other key results of the General Meeting include the implementation of the
Board of Directors' optimisation plan by means of the control and profit
transfer agreement concluded between ralos New Energies AG and ralos
Projects GmbH, and the creation of new authorised capital in line with the
options under stock corporation law.
In addition to a commentary on the business performance in 2010, the report
by the CEO and CFO Martin Meurer was dominated chiefly by the current
situation in the first half of 2011 and expected further development. The
Group generated positive earnings in the period up to July. The completion
of a number of major projects, as already reported, and the subsidiary
Ralos Northern Italy GmbH, which operates in the industrial roof-mounted
solar system business, made a significant contribution to this operating
economic success.
The ralos Board of Directors did not issue an earnings forecast for 2011.
Much depends on the extent to which other major projects can offset the
reduced project pipeline in Italy.
ralos New Energies AG has already begun compensating for this with the 4.4
MWp 'Prunu' project on Corsica, which is to be completed in cooperation
with the meeco Group by the end of September, and its first project in
Bulgaria, which has already been negotiated in full and has a volume of 4.9
MWp.
In this context, the CEO characterised 2011 as a year in which the
necessary adjustments to the changed market conditions must be
systematically implemented. The goal, he stated, is to return to
profitability in national roof-mounted solar system business in 2012 and to
ensure constant profitability and liquidity overall by means of a more
diversified project and service pipeline.
ralos anticipates significant stimulus for demand for solar power systems
in the coming years as a result of achieving 'grid parity', that is, the
price competitiveness of solar electricity as compared to conventional
electricity.
The Board of Directors
Aboutralos New Energies AG:
ralos New Energies AG (formerly BGI EcoTech AG) specialises in the growth
market of regenerative energies, particularly photovoltaics. The company,
which was founded in 1990, is a management holding company. With
subsidiaries and distributors in Germany, Spain, Italy, United Kingdom,
France, Canada and Dubai, Ralos is represented in the most important and
potentially fastest growing international markets. Ralos Vertriebs GmbH,
one of Europe's leading systems solutions providers in the field of
photovoltaics, is the company's most important holding.
The company develops plans and builds innovative photovoltaics plants,
ranging from private solar electricity systems to large-scale high-output
plants of all sizes for industrial clients.
Company contact:
Registered address:
Dieselstraße 12
64347 Griesheim
Mailing address:
Pfungstädter Str. 100a
64297 Darmstadt
Tel.: +49 (0)6151 95165-0
Fax.: +49 (0)6151 95165-20
info(at)ralos-new-energies.com
www.ralos-new-energies.com
Investor relations contact:
GFEI Aktiengesellschaft
Am Hauptbahnhof 6
60329 Frankfurt am Main
Tel.: +49 (0) 69 74 30 37 00
Fax: +49 (0) 69 74 30 37 22
ralos-new-energies(at)gfei.de
www.gfei.de
End of Corporate News
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09.09.2011 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
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Language: English
Company: ralos New Energies AG
Kuhbergstr. 28
34131 Kassel
Germany
Phone: +49 (0)561-93 87 70
Fax: +49 (0)561-93 87 744
E-mail: info(at)ralos-new-energies.com
Internet: www.ralos-new-energies.com
ISIN: DE0005203004
WKN: 520300
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry
Standard in Frankfurt
Notierung im Regulierten Markt vorgesehen
End of News DGAP News-Service
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