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AGO AG announces preliminary figures for the 2009 business year
-2009 turnover of about EUR 50 million (approx. + 36 percent compared to the previous year)
-Liquid assets in 2009 of about EUR 10 million (approx. + 30 percent compared to the previous year)
-Record incoming orders by 31 December 2009 in the amount of about EUR 68 million (+ 18 percent compared to the previous year)
AGO AG Energie + Anlagen (cusip number:A0LR41, ISIN: DE000A0LR415) is announcing key data of their preliminary group figures. Thus, the 2009 turnover amounts to about EUR 50 million which is a record high. According to IFRS accounting that represents a growth of about 36 percent compared to the previous year (EUR 36.7 million).
"We are extremely pleased with the preliminary key data of the 2009 financial year and expect one of the most successful years in our company history of 30 years.We are currently assuming to be able to comply with the turnover and profit expectations of the analysts", says Hans Ulrich Gruber, CEO of AGO AG Energie +Anlagen.
Even liquid assets are far higher than in the previous year. By 31 December 2009 they could be raised by about 30 percent to approx. EUR 10 million (previous year:EUR 7.7 million).
By 31 December 2009, AGO AG Energie + Anlagen could register incoming orders amounting to about EUR 68 million. Compared to 31 December 2008 (EUR 57.8 million) it rose by almost 18 percent. By the end of the financial year of 2009, the order backlog amounted to approximately EUR 40 million (previous year: EUR 28.3 million).
"The fact of us repeatedly having incoming orders on a record high on the one hand attributes to our consequently pursued strategy to expand our operative business activities in Germany and to intensify our expansion on an international basis. On the other hand, it is the result of our concentration on the core competences of AGO AG. Those are for instance the design and construction of highly efficient energy centers for energy suppliers, public utility companies and mediumsized industrial companies taking all economical and ecological circumstances into consideration", explains Gruber. "With incoming orders by 31 January 2010 in the amount of about EUR 6 million, AGO AG Energie + Anlagen has continued the successful year of 2009. We assume to be able to sustainably keep growing, even beyond 2010".
The group's annual report will probably be published in April on www.ago.ag.
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