Hamburg, August 11, 2010 - COLEXON Energy AG (Securities Id. No. 525070, ISIN DE0005250708) has published its half-yearly figures today. The Hamburg-based solar energy company has succeeded in continuing the positive trend of the first quarter. In its half-yearly figures, COLEXON shows an increase in turnover in comparison to last year's figures (pro-forma 2009: 60 million Euros) of 82% to 109.2 million Euros. The earnings before interest and tax (EBIT) were 8.6 million Euros (pro-forma 2009: 5.7 million Euros). With these results the German photovoltaic specialist can look back on the most successful first half-year in the company's history.
The COLEXON Group has positioned itself in the volatile solar energy market by concentrating on three business areas: wholesale, project development and the operation of solar power stations. In this way, the company can react flexibly to the dynamic development of the international solar energy markets. Specifically, the COLEXON wholesale segment has benefited from the pull-forward effect of the changes to the German Renewable Energy Act. COLEXON also shows positive results in the solar power station sector thanks to the plentiful sunshine in May and June. The project business sector will be further over the course of the year; in the second six months, the focus will be on the international project portfolio. In this context, project development will be particularly focused on the foreign markets of Italy, France and the Czech Republic.
Thorsten Preugschas, CEO of COLEXON Energy AG: "COLEXON has particular expertise and considerable experience in the photovoltaic market. Our partners, investors and customers rely on this. We have been able to begin work on our largest portfolio to date in the Czech Republic in the first six months of the year. In this context, our forecast for the whole year remains unchanged: we anticipate sales revenue of more than 200 million Euros." Preugschas also confirms the EBIT forecast for 2010 of 13 to 15 million Euros.
Source: COLEXON AG