7C Solarparken AG

Earnings Release • Mar 28, 2006

News Details

Ad-hoc | 28 March 2006 10:45

Reinecke + Pohl Sun Energy AG: Annual statement of accounts 2005 ascertained, preliminary figures confirmed

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Hamburg, 28.03.06 –The supervisory board of Reinecke + Pohl Sun Energy AG (listed in the General Standard (ISIN: DE0005250708)) has ascertained the annual statement of accounts for the business year 2005. In the past business year the company realised a turnover of 52.58m Euro in corporation according to IFRS with a result before interest and tax (EBIT) of 4.34m Euros. With this, the Hamburg Photovoltaic Corporation exceeded the forecasted turnover and results for 2005 by 13 and respectively 17 per cent within the first year of business of the operative business transactions. ‘Since our operative subsidiaries first contributed to these results in the periodic acquisition time, these figures reflect the successful business development of our group incompletely. A totally consolidated year of business would in fact yield a pro forma turnover of over 70m Euros,’ explained Patrick Arndt, Chief Financial Officer of Reinecke + Pohl Sun Energy AG. Compared with the reported preliminary figures in February for the business year 2005, the corporation’s EBIT margin of 8.3% instead of 8.0% turned out to be better than expected. The reasons for this among other things are lower guarantee expenditures. With the annual surplus amounting to 2.62m Euros, an operating margin of 5.0 per cent could be achieved. The result per share in terms of IAS 33 amounts to 0.87 Euros. In the fourth quarter of 2005 Reinecke + Pohl Sun Energy attained a turnover of 25.53m Euro compared with 15.78m Euro in the third quarter of 2005 and 11.28m Euro for the time period from 1st January to 30 June 2005. As common in the photovoltaic industry, the fourth quarter of 2005 developed the strongest turnover of the business year 2005. Furthermore, the Maaß Regenerative Energien GmbH first contributed operatively to the turnover in the fourth quarter, as first financial consolidation was on 8 September 2005. ————————————————————————— Informationen und Erläuterungen des Emittenten zu dieser Ad-Hoc-Mitteilung: About Reinecke + Pohl Sun Energy AG Reinecke + Pohl Sun Energy AG based in Hamburg, as listed on the General Standard, is one of the market leading corporations for photovoltaic equipment in the industrial and agricultural field. As manufacturer of an independent system provider, the corporation designs and constructs the photovoltaic equipment and sells it as ready to use to instiutional and private investors. Contact: Reinecke+Pohl Sun Energy AG Susanne Kostorz ABC-Straße 19 20354 Hamburg Tel. +49 40 696528-134 Fax: +40 696528-58 E-Mail: kostorz@rpse.de www.rpse.de Years issue’s free of charge; as a specimen copy is requested (c)DGAP 28.03.2006 ————————————————————————— language: English emitter: Reinecke + Pohl Sun Energy AG ABC-Straße 19 20354 20354 Hamburg Deutschland phone: +49(0)40696528-120 fax: +49(0)40696528-58 email: schulz-colmant@rpse.de WWW: www.rpse.de ISIN: DE0005250708 WKN: 525070 indexes: stockmarkets: Geregelter Markt in Frankfurt (General Standard), Düsseldorf; Freiverkehr in Berlin-Bremen, München, Stuttgart End of News DGAP News-Service —————————————————————————