COLEXON Energy AG: Significant increase of turnover and EBIT in 1st quarter 2008

Hamburg, (PresseBox) - COLEXON Energy AG, a system integrator for turnkey solar power plants, today publishes its results for the first quarter 2008. In the first three months of the year, the company could realise turnover of 26.3 million EUR, and, with this, almost double turnover compared to the period of the previous year (13.6 million EUR). At the same time, EBIT was increased from 178 TEUR to 952 TEUR in the first quarter 2008. The net result of the group is at 520 TEuro (previous year: -50 TEUR).

As anticipated by the company, demand in the traditionally weakest quarter in turnover of the solar industry has increased considerably this year. This is, on one hand, due to the boom in investment in Germany based on the expected higher decrease of the feed-in tariffs as of 2009. On the other hand, the relatively mild winter made timely project implementation possible.

The Executive Board therefore confirms its forecast of turnover of 110 million EUR and EBIT of 6 million to 8 million EUR in the business year 2008.

The complete quarterly report is available for download on the company's website at

7C Solarparken AG

COLEXON Energy AG has specialised in the development of commercial photovoltaic plants. The operative subsidiaries plan and develop turnkey solar power plants for commercial and institutional investors in Germany and world-wide. The company focuses on the technical engineering of the solar power plants as well as on the project management.
COLEXON Energy AG is listed in the Prime Standard at the German Stock Exchange in Frankfurt.

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