7C Solarparken AG

Earnings Release • Aug 27, 2008

News Details

Corporate | 27 August 2008 08:54

COLEXON Energy AG: Significant increase in turnover and earnings in the first half of 2008

COLEXON Energy AG / Quarter Results

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• Increase in turnover by 91 per cent to 56.6m Euro
• EBIT quadruples to 3.0m Euro

COLEXON Energy AG, one of the leading system integrators for turnkey solar
power plants, today publishes its report on the first half year of 2008.
Due to the expected strong demand for on-roof solar power plants, the
company could realise considerable growth in turnover and result in the
first six months. Thus, the group turnover of COLEXON Energy AG increased
by 91 per cent from 29.6m Euro in the previous year period to now 56.6m
Euro. Even more significant was the disproportionately high increase
resulting earnings: EBIT rose from 0.75m Euro in the previous year period
to 2.96m Euro in the first half of 2008 and thus quadruplicated. Thus, EBIT
margin improved to 5.2 per cent. Net income of the period also improved
considerably from 0.1m Euro to 1.36m Euro.

On the record date 30th June 2008, several large-scale projects of COLEXON
were under construction, among those the world’s largest thin-film on-roof
system with 4.64 MWp power. From these large orders that were not finished
by the end of the first half year results a negative operating cash flow of
-4.2m Euro (previous year period: -2.6m Euro). This is due to an increase
in working capital, which is characteristic for the project business. These
ongoing projects will probably be finished during the current business year
and therefore fully affect this year’s results.

The results achieved as well as the full order book prove from COLEXON
Energy’s point of view that the focus on thin-film technology as well as on
large roof-top solar power plants for institutional investors and roof
owners is the right strategy. The Executive Board thus confirms the
guidance to achieve turnover of 110m Euro as well as an EBIT of 6m to 8m
Euro in the business year 2008.

The complete half year report will be published during the day on the
company’s website for download at
http://www.rpse.de/en/investor-relations/publications/financial-reports.ht
ml.

About COLEXON Energy 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.

Contact:
COLEXON Energy AG
Heike Oelze
Email: oelze@colexon.de
Tel: +49 40 280031-0
Fax: +49 40 280031-101

27.08.2008 Financial News transmitted by DGAP

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

End of News DGAP News-Service

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