EANS-Adhoc: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten / Solar-Fabrik achieves volume growth and positive EBIT also in third quarter 2011.

--------------------------------------------------------------------------------
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

9-month report

10.11.2011

Solar-Fabrik AG (ISIN: DE0006614712), an independent PV solar system
manufacturer, has continued its success story throughout the 3rd
quarter 2011

The core business 'PV solar systems', now being renamed to 'PV
modules', increased the quarterly volume by ca. 12 % year-on-year.
The nine months 2011 volume reached 88 MWp, an increase of ca. 9 % to
the comparable 2010 period.

The third quarter EBIT of the continued operations was pushed to EUR
1.0 Mio, compared to 0.3 million euros in Q3-2010. The nine months
EBIT is 1.5 million euros (2010: 12.2 million euros), thereof 1.4
million euros from PV modules, compared to 12.1 million euros a year
ago. The continuous price erosion of PV modules lead to an 11 %
decreased nine months revenue of 131.2 million euros for the
continued operations, compared to 147.4 million euros for the nine
months 2010.

The new business units ‚Power Generation' and ‚Installation' have not
contributed any relevant business so far. The installation unit was
established in July 2011 by the investment into SolSystems Energy
GmbH.

As a consequence of the previously announced discontinuation of the
90 % cell production subsidiary SEP in Singapore Solar-Fabrik has
accounted operational losses of 3.4 million euros for the first nine
months 2011 (2010: 0.8 million euros). The major charges are due to
0.7 million euros of fixed assets as well as 1.6 million euros
prepayments for a wafer supply contract which was terminated. In
total the group generated a loss of 2.9 million euros during the nine
months 2011 compared to a 9.2 million euros profit a year before,
representing a loss of 22 ct per share (2010: 78 ct earnings per
share).

The continued operations are profitable and show a group level result
of 0.5 million euros (2010: 10.0 million euros) representing 4 ct
earnings per share (2010: 84 ct earnings per share). Particularly the
third quarter 2011 generated a group level result of 0.8 million
euros (2010: -0.2 million euros) and 6 ct EPS (2010: -2 ct EPS),
respectively.

The volume growth in a challenging market environment proves the
success of a market oriented sales strategy. The 68 % export ratio
for the nine months 2011 period together with the SolSystems Energy
GmbH investment towards installation and turn-key-system business
represent a solid basis for the initiated redirection of the Group.

The anticipated annual volume for 2011 is in the same range as 2010.
Due to the significant price decrease, the anticipated 2011 annual
revenue will simultaneously decline.

The executive board considers the 3rd quarter EBIT performance a
proof for the sustainable business strategy, based on which the
continuing business units will also generate positive EBIT results
for the full year 2011.

Further inquiry note:
Investor Relations
Tel.: +49 (0)761-4000 0
E-Mail: investor@solar-fabrik.de

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

issuer: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten
Munzinger Str. 10
D-79111 Freiburg
phone: +49(0)761 4000 0
FAX: +49(0)761 4000 199
mail: info@solar-fabrik.de
WWW: http://www.solar-fabrik.de
sector: Alternative energy
ISIN: DE0006614712
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Stuttgart, Düsseldorf, München
language: English