November 6, 2009

Freiburg, Germany: Solar-Fabrik Reports Third Quarter 2009 Results

Solar-Fabrik AG has reported 3rd quarter net results of 2.120 million euros - or 2.489 million euros EBIT - corresponding to 0.19 EUR earnings per share.

Corporate revenues for the first nine months were 89.016 million euros (previously 129.626 million euros) with a corresponding EBIT from the continuing business segments (Solar Power Systems and Solar Cells) of -1.152 million euros (previously -0.848 million euros).

The total net result of the first nine months, incl. all segments, particularly including those discontinued or divested, is -7.309 million euros (previously 2.475 million euros).

The revenue in the business segment “Solar Power Systems” reached 89.016 million euros (previously 129.184 million euros) with September 30, 2009. The corresponding segment result of -1.901 million euros (previously -0.906 million euros) has improved by 2.199 million euros compared to the six months result. This is the best quarterly result ever for the Solar Power Systems segment. Solar-Fabrik anticipates similar results for the forth and remaining quarter.

The “Solar Cells” business segment reported net results of 0.865 million euros (previously -0.022 million euros) with further improvements anticipated for the rest of the year. Financial returns on solar investments have become extremely attractive after the early 2009 price erosion.

Solar-Fabrik says the market has particularly requested PV modules “made in Germany” since mid year. In order to satisfy the surging demand Solar-Fabrik has ramped up all three production sites to full three-shift operation. With its focus on further sustainable success Solar-Fabrik is working on productivity improvements combined with strategic sourcing as well as establishing its brand in emerging markets.

Further details about: Solar-Fabrik AG