Press release BoxID: 157267 (7C Solarparken AG)
  • 7C Solarparken AG
  • An der Feuerwache 15
  • 95445 Bayreuth
  • Contact person
  • Heike Oelze
  • +49 (40) 280031-0

COLEXON Energy AG: Preliminary figures for fiscal year 2007

(PresseBox) (Hamburg, ) According to preliminary results COLEXON Energy AG recorded revenues of Euro 85.4 million in fiscal year 2007 (previous year: Euro 62.6 million) - up 37 % compared to 2006. The preliminary EBIT is at Euro 216 thousand (previous year Euro -6,4 million). The operating result was negatively affected by the delayed takeover of realised projects which caused revenues and earnings to be transferred into the business year 2008.

Furthermore, one-off effects were caused by the restructuring of the company. Thus, additional expenses for legal advice, management and HR consulting, the expansion of the regional sales force, the implementation of the ERP-system, the settlement of legal disputes as well as the change in the CFO position totalled more than Euro 2.5 million. Due to the new focus on large-scale projects, a strongly growing market segment and the fixed supply contracts for thin-film modules, the Executive Board is forecasting revenues of Euro 110 million and an EBIT of Euro 6 to 8 million for 2008.