PRESS RELEASE: SYSTAIC generates strong sales and earnings in the first quarter of 2009
14.05.2009
systaic AG / Quarter Results
14.05.2009
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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* Sales boosted from EUR 3.5 million (Q1 2008) to over EUR 50 million
* Operating result reached EUR 2.3 million (Q1 2008: EUR -2.5 million)
* Sales and earnings forecasts confirmed with 30% growth
The Düsseldorf-based solar technology company systaic AG presented its
interim report for the first quarter today. Sales and earnings are ahead of
the Group's internal forecasts. Consolidated sales, at just over EUR 50
million, were well ahead of the figure for the prior year (EUR 3.5
million). The operating result (EBIT) reached EUR 2.3 million (Q1 2008: EUR
-2.8 million).
The ongoing positive trend in the SYSTAIC Solar Power Plant division is one
main reason for the favourable development of the Group's business. Revenue
here amounted to EUR 48.4 million and was thus many times higher than the
revenue generated in the same quarter of the previous year (Q1 2008: EUR
0.2 million). Revenue in the SYSTAIC Energy Roof Systems division is
seasonal and is often low in the first quarter. It was EUR 0.3 million and
was below the prior-year figure (Q1 2008: EUR 1.2 million).
The automotive industry is increasingly striving for regenerative drive
systems for electric and hybrid vehicles. Currently SYSTAIC is the only
industrial provider of photovoltaic solutions for cars. However, the
SYSTAIC Automotive division was unable to escape the situation in the
automotive industry and the associated decline in demand for new vehicles.
Sales in this segment in the first quarter of 2009 were EUR 1.4 million (Q1
2008: EUR 2.2 million). In recent weeks rising delivery demand figures have
been recorded again. These are already approaching prior-year levels for
May and June 2009. The Company is anticipating significant growth in the
medium-term, due to the large number of development assignments it has
received.
'Unlike almost all other solar companies, SYSTAIC does not market any
components, but rather offers its customers innovative application
solutions', explains Michael Pack, CEO of systaic AG. 'In the current
market environment, we are therefore benefiting from manufacturers'
significant overcapacities and the dramatic fall in prices for solar cells
and modules.' At present, sales and earnings forecasts for 2009 as a whole
can be confirmed: the Executive Board remains convinced that it can boost
sales by at least 30% to over EUR 260 million, with an operating margin of
around 7%.
About SYSTAIC:
systaic AG specialises in efficient and aesthetically pleasing solar power
solutions: the strategic core product is the future-oriented SYSTAIC energy
roof for buildings, a multi-awardwinning energy system for electricity and
heat generation. Along with subsidiary Webasto Solar GmbH, SYSTAIC is the
world's only mass producer of photovoltaic generators for car roofs. The
development and installation of major photovoltaic power plants, which are
also implemented through the Enerparc subsidiary, forms a further core
element of the company's portfolio.
systaic AG has the following subsidiaries: Enerparc AG, Düsseldorf, SERP
Sistema Energéticos de Portugal, Lda, systaic Americas Inc., Carlsbad,
systaic France S.A.R.L., Paris, systaic Hellas MEPE, systaic Ibérica
S.L.U., Barcelona, systaic Italia S.r.L. sowie systaic sourcing AG & Co.,
Düsseldorf, systaic Technologies GmbH, Düsseldorf, and Webasto Solar GmbH,
Landsberg.
Contact:
systaic AG
Achim Zolke (Head of PR)
Kasernenstraße 27
40213 Düsseldorf
Germany
Phone: 0049-211-828559-0
Fax: 0049-211-828559-29
a.zolke@systaic.com
www.systaic.com
14.05.2009 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 / Quarter Results
14.05.2009
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.
=--------------------------------------------------------------------------
* Sales boosted from EUR 3.5 million (Q1 2008) to over EUR 50 million
* Operating result reached EUR 2.3 million (Q1 2008: EUR -2.5 million)
* Sales and earnings forecasts confirmed with 30% growth
The Düsseldorf-based solar technology company systaic AG presented its
interim report for the first quarter today. Sales and earnings are ahead of
the Group's internal forecasts. Consolidated sales, at just over EUR 50
million, were well ahead of the figure for the prior year (EUR 3.5
million). The operating result (EBIT) reached EUR 2.3 million (Q1 2008: EUR
-2.8 million).
The ongoing positive trend in the SYSTAIC Solar Power Plant division is one
main reason for the favourable development of the Group's business. Revenue
here amounted to EUR 48.4 million and was thus many times higher than the
revenue generated in the same quarter of the previous year (Q1 2008: EUR
0.2 million). Revenue in the SYSTAIC Energy Roof Systems division is
seasonal and is often low in the first quarter. It was EUR 0.3 million and
was below the prior-year figure (Q1 2008: EUR 1.2 million).
The automotive industry is increasingly striving for regenerative drive
systems for electric and hybrid vehicles. Currently SYSTAIC is the only
industrial provider of photovoltaic solutions for cars. However, the
SYSTAIC Automotive division was unable to escape the situation in the
automotive industry and the associated decline in demand for new vehicles.
Sales in this segment in the first quarter of 2009 were EUR 1.4 million (Q1
2008: EUR 2.2 million). In recent weeks rising delivery demand figures have
been recorded again. These are already approaching prior-year levels for
May and June 2009. The Company is anticipating significant growth in the
medium-term, due to the large number of development assignments it has
received.
'Unlike almost all other solar companies, SYSTAIC does not market any
components, but rather offers its customers innovative application
solutions', explains Michael Pack, CEO of systaic AG. 'In the current
market environment, we are therefore benefiting from manufacturers'
significant overcapacities and the dramatic fall in prices for solar cells
and modules.' At present, sales and earnings forecasts for 2009 as a whole
can be confirmed: the Executive Board remains convinced that it can boost
sales by at least 30% to over EUR 260 million, with an operating margin of
around 7%.
About SYSTAIC:
systaic AG specialises in efficient and aesthetically pleasing solar power
solutions: the strategic core product is the future-oriented SYSTAIC energy
roof for buildings, a multi-awardwinning energy system for electricity and
heat generation. Along with subsidiary Webasto Solar GmbH, SYSTAIC is the
world's only mass producer of photovoltaic generators for car roofs. The
development and installation of major photovoltaic power plants, which are
also implemented through the Enerparc subsidiary, forms a further core
element of the company's portfolio.
systaic AG has the following subsidiaries: Enerparc AG, Düsseldorf, SERP
Sistema Energéticos de Portugal, Lda, systaic Americas Inc., Carlsbad,
systaic France S.A.R.L., Paris, systaic Hellas MEPE, systaic Ibérica
S.L.U., Barcelona, systaic Italia S.r.L. sowie systaic sourcing AG & Co.,
Düsseldorf, systaic Technologies GmbH, Düsseldorf, and Webasto Solar GmbH,
Landsberg.
Contact:
systaic AG
Achim Zolke (Head of PR)
Kasernenstraße 27
40213 Düsseldorf
Germany
Phone: 0049-211-828559-0
Fax: 0049-211-828559-29
a.zolke@systaic.com
www.systaic.com
14.05.2009 Financial News transmitted by DGAP
=--------------------------------------------------------------------------
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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