PRESS RELEASE: systaic AG with a leap in sales to EUR 125 million after nine months
01.10.2008
systaic AG / Forecast/Miscellaneous
01.10.2008
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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All business fields working to full capacity until the end of the year
Düsseldorf, 01.10.2008. systaic AG - listed in Prime Standard since
September 30, 2008 - is announcing a successful quarterly statement for the
third quarter of 2008. Heiko Piossek (CFO) explains: 'In the first nine
months of 2008, we have achieved sales to the amount of EUR 125 million
upon preliminary calculations, compared to EUR 14 million for the same
period of the previous year. Furthermore, our capacities are fully booked
for the rest of the year. This means that SYSTAIC has been able to
quadruple its total annual sales to the amount of EUR 30 million made in
2007 as early as in the third quarter 2008. As our capacities are fully
booked for the rest of this year, we wish to emphasize again our previous
prognosis of over EUR 200 million annual sales for 2008.'
The solar technology company headquartered in Düsseldorf, Germany, explains
its nine-times growth in sales compared to the same period of the previous
year, among other things, with the successful completion of the solar power
plant projects in Spain: The entries to the system register (RIPRE) - of
high importance in this area - have all been made. The plants near Belmez
in the Córdoba region have been settled with Eurovoltaic, purchaser of the
SYSTAIC power plants.
Due to the recent decision of the Spanish Council of Ministers to award EUR
0.32 per kWh to open space power plants connected to the grid after
20.09.08 - only EUR 0.29 had been initially envisaged - the Spanish market
remains profitable for the SYSTAIC Group. Here, and particularly also in
Italy and other European countries, SYSTAIC's order pipeline, which raises
expectations for further significant growth in the area of solar power
plants beyond the current fiscal year, is well filled.
In Germany, the order books are also full, despite the fact that the
framework contract agreed with Colonia Real Estate AG in March of this year
has been cancelled by systaic AG. The reason for this decision is rooted in
the fact that until the very end, none of the individual orders agreed in
the framework contract had been placed by Colonia Real Estate. The reserved
capacities were then awarded to other customers in Germany and abroad,
confirming the validity of the sales target for the 2008 fiscal year.
About systaic AG:
Due to the consequent implementation of its strategy, systaic AG belongs to
the fastest growing companies in the sector of renewable energies in
Europe. The patent-pending integrated system solutions developed for
buildings by SYSTAIC are highly flexible regarding their design and are
offered together with a yield guarantee for over 24 years. The innovative
SYSTAIC Energy Roof won the 'Innovation Award for Architecture and
Construction' at the German construction fair Deubau 2008. This was the
third award after the 'Golden Innovation Award for Sustainable Development'
and the public prize 'Trophée de l'Innovation'.
The SYSTAIC group produces and markets Europe-wide a new generation of
solar systems that differs significantly from the systems currently
available on the market. The product portfolio is furthermore enhanced by
the offer of comprehensive services. Apart from that, SYSTAIC is currently
the only company worldwide that produces solar solutions for the automobile
industry. The development and installation of solar power plants constitute
further areas of operation. In addition to systaic AG, the SYSTAIC group
comprises the subsidiaries Webasto Solar GmbH, Landsberg, the systaic
Ibérica S.L.U., Barcelona, the systaic France S.A.R.L., Paris, the systaic
Italia S.r.l. as well as the systaic Americas Inc., Carlsbad.
Additional information:
ISIN: DE000A0JKYP6
Prime Standard; Frankfurt Stock Exchange
Contact:
systaic AG
Mr Achim Zolke, Head of PR
Kasernenstraße 27
40213 Düsseldorf
Germany
Tel. +49 (0) 211 828559-0
Fax +49 (0) 211 828559-29
a.zolke@systaic.com
www.systaic.com
01.10.2008 Financial News transmitted by DGAP
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Language: English
Issuer: systaic AG
Kasernenstr. 27
40213 Düsseldorf
Deutschland
Phone: +49 (0)211 828559-0
Fax: +49 (0)211 828559-29
E-mail: mail@systaic.com
Internet: http://www.systaic.com
ISIN: DE000A0JKYP6
WKN: A0JKYP
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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systaic AG / Forecast/Miscellaneous
01.10.2008
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
=--------------------------------------------------------------------------
All business fields working to full capacity until the end of the year
Düsseldorf, 01.10.2008. systaic AG - listed in Prime Standard since
September 30, 2008 - is announcing a successful quarterly statement for the
third quarter of 2008. Heiko Piossek (CFO) explains: 'In the first nine
months of 2008, we have achieved sales to the amount of EUR 125 million
upon preliminary calculations, compared to EUR 14 million for the same
period of the previous year. Furthermore, our capacities are fully booked
for the rest of the year. This means that SYSTAIC has been able to
quadruple its total annual sales to the amount of EUR 30 million made in
2007 as early as in the third quarter 2008. As our capacities are fully
booked for the rest of this year, we wish to emphasize again our previous
prognosis of over EUR 200 million annual sales for 2008.'
The solar technology company headquartered in Düsseldorf, Germany, explains
its nine-times growth in sales compared to the same period of the previous
year, among other things, with the successful completion of the solar power
plant projects in Spain: The entries to the system register (RIPRE) - of
high importance in this area - have all been made. The plants near Belmez
in the Córdoba region have been settled with Eurovoltaic, purchaser of the
SYSTAIC power plants.
Due to the recent decision of the Spanish Council of Ministers to award EUR
0.32 per kWh to open space power plants connected to the grid after
20.09.08 - only EUR 0.29 had been initially envisaged - the Spanish market
remains profitable for the SYSTAIC Group. Here, and particularly also in
Italy and other European countries, SYSTAIC's order pipeline, which raises
expectations for further significant growth in the area of solar power
plants beyond the current fiscal year, is well filled.
In Germany, the order books are also full, despite the fact that the
framework contract agreed with Colonia Real Estate AG in March of this year
has been cancelled by systaic AG. The reason for this decision is rooted in
the fact that until the very end, none of the individual orders agreed in
the framework contract had been placed by Colonia Real Estate. The reserved
capacities were then awarded to other customers in Germany and abroad,
confirming the validity of the sales target for the 2008 fiscal year.
About systaic AG:
Due to the consequent implementation of its strategy, systaic AG belongs to
the fastest growing companies in the sector of renewable energies in
Europe. The patent-pending integrated system solutions developed for
buildings by SYSTAIC are highly flexible regarding their design and are
offered together with a yield guarantee for over 24 years. The innovative
SYSTAIC Energy Roof won the 'Innovation Award for Architecture and
Construction' at the German construction fair Deubau 2008. This was the
third award after the 'Golden Innovation Award for Sustainable Development'
and the public prize 'Trophée de l'Innovation'.
The SYSTAIC group produces and markets Europe-wide a new generation of
solar systems that differs significantly from the systems currently
available on the market. The product portfolio is furthermore enhanced by
the offer of comprehensive services. Apart from that, SYSTAIC is currently
the only company worldwide that produces solar solutions for the automobile
industry. The development and installation of solar power plants constitute
further areas of operation. In addition to systaic AG, the SYSTAIC group
comprises the subsidiaries Webasto Solar GmbH, Landsberg, the systaic
Ibérica S.L.U., Barcelona, the systaic France S.A.R.L., Paris, the systaic
Italia S.r.l. as well as the systaic Americas Inc., Carlsbad.
Additional information:
ISIN: DE000A0JKYP6
Prime Standard; Frankfurt Stock Exchange
Contact:
systaic AG
Mr Achim Zolke, Head of PR
Kasernenstraße 27
40213 Düsseldorf
Germany
Tel. +49 (0) 211 828559-0
Fax +49 (0) 211 828559-29
a.zolke@systaic.com
www.systaic.com
01.10.2008 Financial News transmitted by DGAP
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Language: English
Issuer: systaic AG
Kasernenstr. 27
40213 Düsseldorf
Deutschland
Phone: +49 (0)211 828559-0
Fax: +49 (0)211 828559-29
E-mail: mail@systaic.com
Internet: http://www.systaic.com
ISIN: DE000A0JKYP6
WKN: A0JKYP
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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