PRESS RELEASE: SYSTAIC achieves a six-fold increase in 2008 sales to more than EUR 200m
30.01.2009
systaic AG / Development of Sales/Forecast
30.01.2009
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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* Growth forecast for 2009 is more than EUR 260m
* Establishing Enerparc AG to increase efficiency in the construction of
solar power plants
* Agreement for the construction of solar power plants with a capacity of
more than 125 Megawatts
systaic AG continued its rapid growth trend in 2008: According to
preliminary calculations, the leading provider of innovative and efficient
energy roofs increased corporate sales six times, from EUR 31m (2007) to
more than EUR 200m. With a share of about 90%, the key sales generator was
the construction of large-scale photovoltaic power plants. The strategic
business fields Energy Roof and Automotive also recorded a significant
increase in revenue.
Notwithstanding unfavorable economic conditions, SYSTAIC plans to continue
its growth trend in 2009. The Board of Executives is expecting corporate
sales in the region of at least EUR 260m, equaling an increase of 30 %
compared to the previous year.
In order to handle the construction of large-scale solar power plants more
efficiently, systaic AG established a new subsidiary, Enerparc AG. A
top-class and internationally experienced management team with outstanding
expertise in the area of solar power plants construction in the capacity
range exceeding 200 Megawatts could be gained for the company. Enerparc AG
is headquartered in Düsseldorf. The operative business is managed by a team
of 20 experts in Hamburg.
Heiko Piossek, CFO of systaic AG: 'By founding Enerparc AG, we are
strengthening our market position in the project business. With its
experienced management team, our new subsidiary will focus on the market
segment of large-scale solar parks. This step became necessary as systaic
AG - due to its high-quality and on-schedule implementation of large solar
power plants in Spain - is attracting growing interest from investors and
project companies to build even bigger power plants.'
Enerparc AG has concluded far-reaching agreements on the construction of
building-integrated solar power plants at a scale of 125 Megawatts with
highly reputed and financially strong project partners. The solar modules
will be used to form rooftops of greenhouses which Enerparc will be
constructing in Sardinia as of spring 2009, thus realizing the biggest
building-integrated solar power plant in the world. Project implementation
as planned will provide a cumulative sales potential in the region of EUR
450m until end-2010 for the SYSTAIC group. As milestone payments in line
with project progress were agreed with the project partners, SYSTAIC will
be able to finance the power plants according to the particular state of
construction, thus ensuring careful liquidity management.
As previously announced, systaic AG sold its power plants in Spain last
year. Until the payment of the residual purchase price is made by the
investor, KG Allgemeine Leasing GmbH & Co. (KGAL) in March 2009, an
agreement was reached with the banks to extend current credit lines by EUR
18m, thus guaranteeing sufficient financing of the SYSTAIC Group.
www.systaic.com
Additional information:
ISIN: DE000A0JKYP6
Prime Standard; Frankfurt Stock Exchange
systaic AG
Achim Zolke (Head of PR)
Kasernenstraße 27
40213 Düsseldorf
Germany
Tel. +49-211-828559-0
Fax . +49-211-828559-29
a.zolke@systaic.com
www.systaic.com
30.01.2009 Financial News transmitted by DGAP
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Language: English
Issuer: systaic AG
Kasernenstr. 27
40213 Düsseldorf
Deutschland
Phone: +49 (0)211 828559-0
Fax: +49 (0)211 828559-29
E-mail: mail@systaic.com
Internet: http://www.systaic.com
ISIN: DE000A0JKYP6
WKN: A0JKYP
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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systaic AG / Development of Sales/Forecast
30.01.2009
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.
=--------------------------------------------------------------------------
* Growth forecast for 2009 is more than EUR 260m
* Establishing Enerparc AG to increase efficiency in the construction of
solar power plants
* Agreement for the construction of solar power plants with a capacity of
more than 125 Megawatts
systaic AG continued its rapid growth trend in 2008: According to
preliminary calculations, the leading provider of innovative and efficient
energy roofs increased corporate sales six times, from EUR 31m (2007) to
more than EUR 200m. With a share of about 90%, the key sales generator was
the construction of large-scale photovoltaic power plants. The strategic
business fields Energy Roof and Automotive also recorded a significant
increase in revenue.
Notwithstanding unfavorable economic conditions, SYSTAIC plans to continue
its growth trend in 2009. The Board of Executives is expecting corporate
sales in the region of at least EUR 260m, equaling an increase of 30 %
compared to the previous year.
In order to handle the construction of large-scale solar power plants more
efficiently, systaic AG established a new subsidiary, Enerparc AG. A
top-class and internationally experienced management team with outstanding
expertise in the area of solar power plants construction in the capacity
range exceeding 200 Megawatts could be gained for the company. Enerparc AG
is headquartered in Düsseldorf. The operative business is managed by a team
of 20 experts in Hamburg.
Heiko Piossek, CFO of systaic AG: 'By founding Enerparc AG, we are
strengthening our market position in the project business. With its
experienced management team, our new subsidiary will focus on the market
segment of large-scale solar parks. This step became necessary as systaic
AG - due to its high-quality and on-schedule implementation of large solar
power plants in Spain - is attracting growing interest from investors and
project companies to build even bigger power plants.'
Enerparc AG has concluded far-reaching agreements on the construction of
building-integrated solar power plants at a scale of 125 Megawatts with
highly reputed and financially strong project partners. The solar modules
will be used to form rooftops of greenhouses which Enerparc will be
constructing in Sardinia as of spring 2009, thus realizing the biggest
building-integrated solar power plant in the world. Project implementation
as planned will provide a cumulative sales potential in the region of EUR
450m until end-2010 for the SYSTAIC group. As milestone payments in line
with project progress were agreed with the project partners, SYSTAIC will
be able to finance the power plants according to the particular state of
construction, thus ensuring careful liquidity management.
As previously announced, systaic AG sold its power plants in Spain last
year. Until the payment of the residual purchase price is made by the
investor, KG Allgemeine Leasing GmbH & Co. (KGAL) in March 2009, an
agreement was reached with the banks to extend current credit lines by EUR
18m, thus guaranteeing sufficient financing of the SYSTAIC Group.
www.systaic.com
Additional information:
ISIN: DE000A0JKYP6
Prime Standard; Frankfurt Stock Exchange
systaic AG
Achim Zolke (Head of PR)
Kasernenstraße 27
40213 Düsseldorf
Germany
Tel. +49-211-828559-0
Fax . +49-211-828559-29
a.zolke@systaic.com
www.systaic.com
30.01.2009 Financial News transmitted by DGAP
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Language: English
Issuer: systaic AG
Kasernenstr. 27
40213 Düsseldorf
Deutschland
Phone: +49 (0)211 828559-0
Fax: +49 (0)211 828559-29
E-mail: mail@systaic.com
Internet: http://www.systaic.com
ISIN: DE000A0JKYP6
WKN: A0JKYP
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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