AGO AG publishes Q3 2012 figures
Sales: EUR 36,561 thousand (previous year's period: EUR 50,134 thousand) / Gross margin increased from 3.6 percent to 5.6 percent / EBIT: EUR 124 thousand (previous year's period: EUR -476 thousand)
In the first nine months of 2012, AGO AG Energie + Anlagen booked EUR 36,561 thousand revenue (previous year's period: EUR 50,134 thousand). Order intake is consciously controlled to create a healthy economic performance. This serves the purpose of increasing the Group's operating profitability.
Order intake at AGO AG Energie + Anlagen amounted to EUR 29,706 thousand in the first nine months of 2012 (previous year's period: EUR 34,771 thousand). The order backlog amounted to EUR 22,957 thousand (30 September 2011: EUR 25,181 thousand).
Gross profit increased from EUR 1,782 thousand to EUR 2,058 thousand. As a result, the gross margin increased from 3.6 percent to 5.6 percent. EBIT also increased year-on-year in the first nine months of 2012 by EUR 600 thousand, from EUR -476 thousand to EUR 124 thousand. Consolidated net profit for the period amounted to EUR -1,998 thousand (previous year's period: EUR -735 thousand) due to negative earnings from discontinued operations. Earnings per share for the first nine months 2012 were EUR -0.50 (previous year: EUR -0.18) and diluted earnings per share were EUR -0.39.
Due to one-off charges the result will be negative in the fourth quarter. Therefore, equity at AGO AG Energie + Anlagen according to German GAAP will be less than half of the company's subscribed capital. The Management Board will shortly convene an extraordinary General Meeting. In this meeting the Management Board will explain the company's position and its measures to improve performance. In addition, the Management Board will convene a meeting of the creditors of the convertible bond issued last year to vote on an early conversion.
The Q3 2012 Report of AGO AG Energie + Anlagen is now available for download at www.ago.ag in the Investor Relations section.
AGO AG Energie + Anlagen
AGO AG Energie + Anlagen, with its registered office in Kulmbach, was founded in 1980 and is specialized in the area of innovative and efficient energy supply facilities for industrial customers. Main focus is laid on the three business divisions: design, engineering and construction of plants and service and consultation. The core competencies of the company mainly commit to biomass cogeneration plants and combined heat and power stations for heating and cooling plant construction and tri-generation (the simultaneous production of electricity, heat, and cooling). Site studies and development, energy efficiency consulting, resource and fossil fuel management as well as emission trade management - these areas round out the AGO business model. The name AGO symbolizes the efficiency, security and technological competence of its energy supply facilities.