AGO AG Energie + Anlagen publishes three month report 2009
- Sales €7,245 thousand (+35 percent)
- Gross profit €1,123 thousand (+65 percent)
- EBIT increase to €382 thousand (previous year: €-90 thousand)
- Increase in consolidated net profit for the period to €141 thousand (previous year: €-225 thousand)
- Order backlog as of 31 March 2009 €26,200 thousand
AGO AG Energie + Anlagen: (cusip number: A0LR41; ISIN:DE000A0LR415) today published its figures for the first quarter of 2009. In the period under review, sales increased by 35 percent from €5,358 thousand to €7,245 thousand. Gross profit from sales increased by 65 percent, up from €682 thousand to €1,123 thousand. EBIT was up from €472 thousand to €382 thousand. Consolidated net profit for the first three months of 2009 amounted to €141 thousand (previous year: €-225 thousand). Earnings per share increased from €-0.06 to €0.04 (number of shares: 4,000,000).
These figures are all the more noteworthy considering the seasonality of AGO AG Energie + Anlagen's business. Compared to the following quarters of a financial year these seasonal effects typically result in a weaker first quarter. Sales in the current financial year will mainly be generated in the second half of the year.
"In this challenging environment AGO AG Energie + Anlagen was once again able to demonstrate its strength and robustness - regardless of general economic conditions. The increase in the gross margin from 3 percent to 16 percent and the significant improvement in earnings can be attributed to focussing on proprietary development in our own project business and only selectively conducting commissioned planning activities," explains Hans Ulrich Gruber, Chairman of AGO AG Energie + Anlagen.
The order backlog on the reporting date of the three month report 2009 amounted to €26,200 thousand. This is also due to our generally good positioning in the market for industrial energy supply.
"The positive quarterly earnings and the upbeat development of AGO Group both affirm our conviction of pushing sustained growth by extending operating business activities domestically and intensifying international expansion. We are confident to have created a sound basis for the future growth of AGO AG Energie + Anlagen thanks to our order backlog amounting to €26,200 thousand as of 31 March 2009, our strong customer base and our highly effective sales channels at home and abroad. As a specialist in the field of innovative and efficient power generation plants for the industrial sector and municipal utilities with liquid assets of €7,179 thousand, we continue to have sufficient financial scope to operate independent of capital markets and to continue to drive our strategic targets in 2009," added Gruber.
The three month report 2009 is available for download immediately. http://www.ago.ag/index.php?article_id=220&clang=0.
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.