euro adhoc: Conergy AG / Financial Figures/Balance Sheet / Conergy specifies preliminary revenue and earnings figures for 2006

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Company Information

23.02.2007

The Conergy AG management board has completed the IFRS accounts for
the financial year 2006. All figures are still preliminary and
unaudited. The approval of the supervisory board will take place in
March 2007 after the auditors have completed their work. There will
be a press conference and an analysts’ and investors’ meeting to
discuss the figures on 30 March 2007 in Frankfurt am Main.

According to these preliminary figures, Conergy’s group revenues
increased by 42% to EUR 752.2m (2005: EUR 530.2m) in 2006. Revenues
outside Germany more than trebled to EUR 291.0 (2005: EUR 75.6 Mio.)
and accounted for 39 % (2005: 14%) of group revenues; the share of
revenues from solar thermics, wind energy and bioenergy rose to 26 %
(2005: 12%). Conergy has thus successfully continued to implement its
growth strategy 50/50/08. As previously reported, delayed deliveries
for some projects at the end of December 2006 led to a shift of
planned revenues in the region of EUR 50m from 2006 into 2007.

Group net profit increased by 8.3% to EUR 30.1m (2005: EUR 27.8m).
The gross profit margin increased significantly to 19.3% in 2006
(2005: 16.1%). Expenses of EUR 12.2m including investments into new
complementary technologies and into the new fully integrated solar
wafer, cell and module production put pressure on earnings, as did
expenses into new markets through amongst others the foundation of 20
new subsidiaries (EUR 8.7m). These special operational expenses are
partly compensated by non-recurring income of EUR 15.0m from the
sales of land. Conergy expects that the investments in new markets
and in the expansion of the product range in solar thermics, wind
energy and bioenergy will result in a profit contribution as early as
this year. Furthermore, there are indications that the fast-growing
non-German business and lower purchase prices in the field of
photovoltaics will boost margins.

As at the end of February, orders in hand have more than trebled in
all business areas within the group and account for approximately 70%
of the planned revenues of EUR 1.25bn in 2007.

end of announcement euro adhoc 23.02.2007 23:35:02
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ots Originaltext: Conergy AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Thorsten Vespermann
Tel.: +49 (0)40 237 102 171
Mobil: +49 (0)172 451 19 67
E-Mail: t.vespermann@conergy.de

Branche: Energy
ISIN: DE0006040025
WKN: 604002
Index: TecDAX, Technologie All Share, CDAX, HDAX, Prime All Share,
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Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade


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