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AGO GmbH Energie + Anlagen Am Goldenen Feld 23 95326 Kulmbach, Germany http://www.ago.ag
Contact Mr Marcus Kapust +49 69 74303700
Company logo of AGO GmbH Energie + Anlagen
AGO GmbH Energie + Anlagen

AGO AG: Preliminary Figures for the 1st Quarter of 2011

Increase of sales revenue by 33% to EUR 17.4 million / Increase of EBIT by EUR 1.1 million / Outlook for 2011: rise in gross margin and clearly positive result is expected

(PresseBox) (Kulmbach, )
AGO AG (WKN code: A0LR41, ISIN code: DE000A0LR415) augmented its sales revenue from EUR 13.0 million in the prior year's quarter by 33% to EUR 17.4 million according to preliminary IFRS accounting standards. Despite the fact that various projects ended at lower margins in the first quarter of 2011 compared to order backlog 2011, gross results increased by EUR 1.0 million to EUR 0.8 million. EBIT also improved significantly by EUR 1.1 million. After EUR -1.1 million at the same period last year, break-even was achieved on 31 March 2011 in the weakest quarter of the business cycle.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.