EANS-News: COLEXON Energy AG / COLEXON hones business model due to market weakness in the first half of the year

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

6-month report

Subtitle: - International cutbacks in feed-in tariffs are weakening
demand - Revenue in the first half of the year fell by 48 percent
compared to the previous year - COLEXON is adapting its business
model to the changing conditions

Hamburg (euro adhoc) - Hamburg, 31 August 2011 - Hamburg-based
COLEXON Energy AG (WKN 525070, ISIN DE0005250708) has issued its
report for the first half of 2011. The Hamburg-based solar company´s
business was affected by very weak demand as a result of unscheduled
cutbacks and limitations on funding in the photovoltaics industry´s
core markets. COLEXON began simplifying internal structures and
reducing costs at an early stage to combat this significant cooling
of the market environment.

The revenue of COLEXON Energy AG almost halved in the first half of
2011 compared to the same period in the previous year, falling from
109.2m EUR to 56.9m EUR. In terms of sales revenue, the wholesale
segment reached 35.8m EUR, representing 63 percent of the total
revenue. With 13.7m EUR, 24 percent of the revenue was attributed to
the projects segment, while revenue generated by the solar power
plant operation and service & management segments totaled 6.9m EUR
(12 percent) and 0.5m EUR (1 percent) respectively. Earnings before
interest and tax (EBIT) indicated a shortfall of 2.0m EUR during the
report period, while in the first half of 2010 an EBIT of 8.6m EUR
was achieved.

COLEXON Energy AG is facing its current challenges with an extensive
restructuring process. The restructuring work involves key elements
such as considerable downsizing of the organization while retaining
core competencies and, fundamentally, a concentration on core markets
and asset management for the company´s own PV plants. The aim of the
adapted business model is to considerably reduce staff and material
costs in order to perceive future opportunities in the solar market.

The full half-yearly report 2011 can be downloaded on the company´s
website at www.colexon.com in the Investor Relations section.

Further inquiry note:
Friederike Thyssen, Investor Relations COLEXON Energy AG,
friederike.thyssen@pvf.de

end of announcement euro adhoc
--------------------------------------------------------------------------------

company: COLEXON Energy AG
Große Elbstraße 45
D-22767 Hamburg
phone: +49 (0) 40 2800 31 0
FAX: +49 (0) 40 2800 31 101
mail: info@colexon.de
WWW: http://www.colexon.de
sector: Energy
ISIN: DE0005250708
indexes: CDAX
stockmarkets: free trade: Berlin, Stuttgart, Düsseldorf, München, regulated
dealing/general standard: Frankfurt
language: English