7C Solarparken AG

Earnings Release • Nov 30, 2009

News Details

Ad-hoc | 30 November 2009 09:05

COLEXON Energy AG: COLEXON Energy AG announces strong results for the first nine months in 2009

COLEXON Energy AG / Interim Report/Forecast

30.11.2009

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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• COLEXON continues its growth despite the decline in the solar market
• EBIT of EUR 14.0 million and turnover of EUR 112.7 million well above
  2008 figures (pro forma basis)
• EBIT of EUR 16-18 million and turnover of EUR 160-180 million expected
  for full year 2009 (pro forma basis)
• Acquisition of Renewagy characterizes the third quarter results

Hamburg, November 30, 2009 -COLEXON Energy AG, Hamburg (WKN 525070, ISIN
DE0005250708) has published its thirst quarter report today.

The international project developer and operator of high-yield solar power
plants, has announced its results for the first nine months of 2009.
Despite the uncertainty that hangs over the solar market, COLEXON has
achieved very strong results in EBIT and turnover. With the successful
acquisition of the Danish operator of solar power plants Renewagy the
COLEXON group has generated an EBIT of 14.0 million EUR and a turnover of
112.7 million EUR (pro forma numbers).

The Management Board expects turnover of the 'new' COLEXON to reach between
160 and 180 million EUR and EBIT between 16 and 18 million EUR by the
year-end. With these numbers COLEXON has continued to grow and has
positively counteracted the current market trend.

The positive financials of COLEXON in the third quarter are significantly
influenced by the acquisition of Renewagy. The figures for the third
quarter 2009 are recorded as a reverse acquisition as per International
Financial Reporting Standards (IFRS). Accordingly, the main contributing
segments turnover and projects are only taken into account from August 14th
to September 30th. According to these IFRS regulations the revenues in the
third quarter amounted to 41.7 million EUR. The EBIT reached 13.0 million
EUR in the third quarter. The operative cash flow over the period amounted
to 7.4 million EUR.

The interim report as per September 30, 2009 is available for download on
the website at www.colexon.com under the heading Investor Relations.

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Information and Explaination of the Issuer to this News:

About COLEXON Energy AG
The international COLEXON group is one of the leading
manufacturer-independent system integrators in the photovoltaic sector. The
company designs and installs turnkey photovoltaic plants for institutional
and private investors in Germany and abroad, and specializes in the
realization of return-optimized and large-scale photovoltaic projects for
both internal and third-party operations.
COLEXON distinguishes itself in particular through its expertise in the
application of innovative thin-film technology. The company's target
clients are primarily institutional investors and developers from
agriculture, industry, and the public sector.
COLEXON Energy AG is listed in the Prime Standard at the German Stock
Exchange in Frankfurt.

Contact:
COLEXON Energy AG
Jan Hutterer
Email: hutterer@colexon.de
Tel: +49 40 280031-0
Fax: +49 40 280031-101

30.11.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: COLEXON Energy AG
Große Elbstraße 45
22767 Hamburg
Deutschland
Phone: +49(0)40 280031-0
Fax: +49(0)40 280031-101
E-mail: k.friedrich@colexon.de
Internet: www.colexon.de
ISIN: DE0005250708
WKN: 525070
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart

End of News DGAP News-Service

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