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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