DGAP-News: systaic AG present provisional figures for business year 2007
06.03.2008
systaic AG / Preliminary Results
06.03.2008
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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? Sales 30.52 million Euros (+577%), EBIT 4.52 million Euros
? Further extension of home and foreign activities concluded
? 2008 forecast confirmed
Düsseldorf, March 6, 2008 - systaic AG (SJK; ISIN DE000A0JKYP6) publish
their provisional figures for the business year 2007. Last year the company
was able to continue their growth curve and strongly developed in all
business areas.
In 2007, turnover increased by 577% to 30.52 million Euros (2006, 4.5
million Euros). The earnings before interest and taxes (EBIT) amounted to
4.52 million Euros (2006, -0.88 million Euros) and thus was far above the
originally predicted value. The EBIT margin (relating to turnover and
change in inventory value) has reached 14.8 %, a high level in comparison
to the industry. The annual net profit was approx. 1.72 million Euros in
2007. Detailed information on the Group results will be published together
with the approved annual accounts.
For the total year 2008, systaic AG expects an overall turnover of abt. 200
million Euros due to their full order books. The company aims at a return
on sales of approx. 6 %. Because of the good results in 2007 the SYSTAIC
employees will receive an incentive payment in addition to their salary. A
bonus amounting to an additional monthly salary will be paid for the
dedication and engagement of the staff in order to reach the group targets
concerning turnover and profit.
The company plans to change into the regulated market transparency level
'Prime Standard' in the second half of 2008.
Further development decided for Germany and abroad. In order to make this
significant growth possible, systaic AG has planned to further develop its
capacities in Germany, Spain and France. In this context the key location
is Germany where there is a fast development of the marketing and sales
activities for the SYSTAIC energy roof, its core product. Thanks to the
complete starting up of its own production plant in Landsberg am Lech,
Bavaria the company has created sufficient production capacities to
annually produce 40 Megawatts of panels, from the middle of the year, in
order to supply key customers with high quality manufacturing which it
controls directly. During this year, systaic AG will employ 45
high-qualified additional collaborators. Concerning the planning and
building of solar energy power plants in Spain, there are further demands
for a capacity of over 60 MWp from the side of institutional investors,
although their orders depend upon the new Spanish alternative energy
legislation which has not yet been implemented. In France we would like to
become market leaders for the production of roof-integrated solar systems
by the end 2009.
The complete annual report of systaic AG will be published on April 3, 2008
and will be available on as a download the websites of systaic AG
(www.systaic.com) in the investor relations area.
Information and explication from the emitter about this message:
Thanks to its consequent strategy applied during the last years, systaic AG
is one of the fastest growing companies in the field of renewable energies
in Europe. The integrated system solutions for buildings developed by
SYSTAIC and registered as patent show a high level of flexibility in the
optical conception and a guaranteed performance in kilowatt-hours over a
period of 24 years. The innovative energy roof by SYSTAIC was priced on the
Deubau 2008 with the 1st prize of the 'Innovation price of architecture and
building industry' - the third prize according to the 'Golden Innovation
Price for Sustainable Development' and the public prize 'Trophy of
Innovation'. The SYSTAIC Group produces, sells and installs a new
generation of solar systems all over Europe: these systems differ very much
from the equipment available on the market. In addition, a wide range of
services supports this offer. Furthermore, SYSTAIC operates in the fields
of planning and realization of solar energy power plants and solar
solutions for the automobile industry. systaic AG, Düsseldorf and systaic
Deutschland GmbH, Büttelborn and the Webasto Solar GmbH (Automotive),
Landsberg and the foreign subsidiaries systaic Iberica S.L.U., Barcelona
and systaic France S.A.R.L., Paris are part of the group.
Additional information:
ISIN: DE000A0JKYP6
Open Market / Entry Standard; Stock market Frankfurt
Olivia Steinweg
Investor Relations
systaic AG
Kasernenstraße 27
D - 40213 Düsseldorf
ir@systaic.com
+49 (0) 211 828 559 - 13
06.03.2008 Financial News transmitted by DGAP
=--------------------------------------------------------------------------
systaic AG / Preliminary Results
06.03.2008
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
=--------------------------------------------------------------------------
? Sales 30.52 million Euros (+577%), EBIT 4.52 million Euros
? Further extension of home and foreign activities concluded
? 2008 forecast confirmed
Düsseldorf, March 6, 2008 - systaic AG (SJK; ISIN DE000A0JKYP6) publish
their provisional figures for the business year 2007. Last year the company
was able to continue their growth curve and strongly developed in all
business areas.
In 2007, turnover increased by 577% to 30.52 million Euros (2006, 4.5
million Euros). The earnings before interest and taxes (EBIT) amounted to
4.52 million Euros (2006, -0.88 million Euros) and thus was far above the
originally predicted value. The EBIT margin (relating to turnover and
change in inventory value) has reached 14.8 %, a high level in comparison
to the industry. The annual net profit was approx. 1.72 million Euros in
2007. Detailed information on the Group results will be published together
with the approved annual accounts.
For the total year 2008, systaic AG expects an overall turnover of abt. 200
million Euros due to their full order books. The company aims at a return
on sales of approx. 6 %. Because of the good results in 2007 the SYSTAIC
employees will receive an incentive payment in addition to their salary. A
bonus amounting to an additional monthly salary will be paid for the
dedication and engagement of the staff in order to reach the group targets
concerning turnover and profit.
The company plans to change into the regulated market transparency level
'Prime Standard' in the second half of 2008.
Further development decided for Germany and abroad. In order to make this
significant growth possible, systaic AG has planned to further develop its
capacities in Germany, Spain and France. In this context the key location
is Germany where there is a fast development of the marketing and sales
activities for the SYSTAIC energy roof, its core product. Thanks to the
complete starting up of its own production plant in Landsberg am Lech,
Bavaria the company has created sufficient production capacities to
annually produce 40 Megawatts of panels, from the middle of the year, in
order to supply key customers with high quality manufacturing which it
controls directly. During this year, systaic AG will employ 45
high-qualified additional collaborators. Concerning the planning and
building of solar energy power plants in Spain, there are further demands
for a capacity of over 60 MWp from the side of institutional investors,
although their orders depend upon the new Spanish alternative energy
legislation which has not yet been implemented. In France we would like to
become market leaders for the production of roof-integrated solar systems
by the end 2009.
The complete annual report of systaic AG will be published on April 3, 2008
and will be available on as a download the websites of systaic AG
(www.systaic.com) in the investor relations area.
Information and explication from the emitter about this message:
Thanks to its consequent strategy applied during the last years, systaic AG
is one of the fastest growing companies in the field of renewable energies
in Europe. The integrated system solutions for buildings developed by
SYSTAIC and registered as patent show a high level of flexibility in the
optical conception and a guaranteed performance in kilowatt-hours over a
period of 24 years. The innovative energy roof by SYSTAIC was priced on the
Deubau 2008 with the 1st prize of the 'Innovation price of architecture and
building industry' - the third prize according to the 'Golden Innovation
Price for Sustainable Development' and the public prize 'Trophy of
Innovation'. The SYSTAIC Group produces, sells and installs a new
generation of solar systems all over Europe: these systems differ very much
from the equipment available on the market. In addition, a wide range of
services supports this offer. Furthermore, SYSTAIC operates in the fields
of planning and realization of solar energy power plants and solar
solutions for the automobile industry. systaic AG, Düsseldorf and systaic
Deutschland GmbH, Büttelborn and the Webasto Solar GmbH (Automotive),
Landsberg and the foreign subsidiaries systaic Iberica S.L.U., Barcelona
and systaic France S.A.R.L., Paris are part of the group.
Additional information:
ISIN: DE000A0JKYP6
Open Market / Entry Standard; Stock market Frankfurt
Olivia Steinweg
Investor Relations
systaic AG
Kasernenstraße 27
D - 40213 Düsseldorf
ir@systaic.com
+49 (0) 211 828 559 - 13
06.03.2008 Financial News transmitted by DGAP
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