AGO AG Energie + Anlagen / Final Results
30.04.2010 07:47
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Corporate News, 30 April 2010
AGO AG publishes 2009 business figures
+++ Sales: Up 37 percent to EUR 50.3 million
+++ EBIT: Up 6.3 percent to EUR 1.7 million
+++ Liquid assets: Up 33.7 percent to EUR 10.3 million
+++ Order backlog: Up 18 percent to EUR 68 million
+++ Plans to expand international operations
Kulmbach, 30 April 2010: AGO AG Energie + Anlagen (WKN: A0LR41, ISIN:
DE000A0LR415) has published its 2009 IFRS Group figures.
Sales went up 37 percent from EUR 36.7 million to EUR 50.3 million in
financial year 2009. Around 87 percent of sales were generated in Germany.
Gross profit increased by 24.4 percent from EUR 4.2 million to EUR 5.2
million, corresponding to a gross margin of 10.3 percent. Earnings before
interest and taxes (EBIT) rose by 6.3 percent from EUR 1.6 million to EUR
1.7 million, despite a one-off effect. The Group result dropped by 64.8
percent from EUR 0.6 million to EUR 0.3 million due to a one-off effect.
Earnings per share (number of shares: 4,000,000) therefore amounted to EUR
0.06 (previous year: EUR0.15).
Earnings were impacted by maintenance costs incurred at the Alpersted
biomass cogeneration plant and increased manufacturing costs due to a
customer refusing to pay heat price increases.
'AGO AG once again did not just stand its ground but was able to generate
significant growth, despite the economic crisis. Our strategic positioning
in recent years, generally high demand for efficient energy supply systems
and our international expansion strategy in countries where governments
actively support a shift in the energy paradigm towards renewables helped
us achieve this,' explains Hans Ulrich Gruber, CEO of AGO AG Energie +
Anlagen.
As of the balance sheet date on 31 December 2009, the balance sheet total
of AGO AG Energie + Anlagen was up by 14 percent from EUR 38.0 million to
EUR 43.4 million. Equity amounted to EUR 13.1 million, roughly the same as
in the previous year. The equity ratio therefore came to 30.2 percent.
Liquid assets increased by 33.7 percent from EUR 7.7 million to EUR 10.3
million. Current financial liabilities went down to EUR 2.0 million
(previous year: EUR 2.1 million).
'AGO AG's operations, especially its international expansion, need a
sufficient supply of liquidity. We have covered these requirements with
extensive credit lines and cash of EUR 10.3 million. We have already
invested around EUR 0.5 million into foreign markets in the past year to
ensure AGO Group's sustained growth. In 2010, our focus is going to remain
on planning and building high-efficiency power stations for energy
suppliers, municipal utilities and SME industrial enterprises while taking
into consideration all business-related and ecological issues. Incoming
orders amounted to around EUR 68 million as of 31 December 2009 (up 18
percent compared to the previous balance sheet date) while the order
backlog came in at around EUR 40 million (previous year: EUR 28.3 million).
We have created a solid base for the current financial year 2010 and
continue to expect long-term and sustained growth,' comments Hans Ulrich
Gruber, CEO of AGO AG Energie + Anlagen.
The consolidated financial statements for 2009 are now available for
download at:
http://www.ago.ag/en/investor+relations/reports/reports+2009/.
The annual report 2009 will be published at the beginning of May on the
Company website at
http://www.ago.ag/en/investor+relations/reports/reports+2009/.
About AGO AG Energie + Anlagen:
The company with company headquarters in Kulmbach which was founded in 1980
is a specialist in the area of innovative and efficient energy supply and
facilities. AGO AG focuses on the three business segments project
development and implementation, operation of facilities as well as service
& consulting. The company's core competences are mainly biomass
cogeneration plants, cogeneration plants, heat and refrigeration plants,
trigeneration as well as contracting. Location studies / location
development, energy efficiency consulting, raw material and fuel management
as well as emissions trading round off the business model. AGO stands for
efficiency, reliability and technological competence for your energy supply
plants.
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@ago.ag
Investor Relations contact:
GFEI Aktiengesellschaft
Marcus Kapust
Hamburger Allee 26-28
60486 Frankfurt am Main
www.gfei.de
T. +49 (0) 69 743 037 00
F. +49 (0) 69 743 037 22
ir-ago@gfei.de
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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@ago.ag
Internet: http://www.ago.ag
ISIN: DE000A0LR415
WKN: A0LR41
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry Standard
in Frankfurt
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DGAP-News: AGO AG publishes 2009 business figures
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