EANS-Adhoc: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten / Dynamic regional markets reign 1st half 2012, positive EBIT despite continuing price erosion.

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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.
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6-month report

09.08.2012

Solar-Fabrik AG (ISIN: DE0006614712) has successfully managed to
generate a positive EBIT of 0.8 million euros (1H-2011: 0.4 million
euros) from a gross margin of ca. 16 percent. This results in a net
profit of 0.3 million euros (1H- 2011: -0.8 million euros). In the
first half of 2012 the company generated revenue of ca. 45.4 million
euros (1H-2011: 87.1 million euros), ca. 5.9 million euros thereof
(1H-2011: 0 euros) resulting from the sale of turn-key PV systems
from the new Installation business. The decrease in revenue is both
due to volume and price. The 1H-2012 volume was ca. 45 MWp (1H-2011:
ca. 56 MWp). Given the half year number the originally forecasted
volume increase for the full year is clearly jeopardized. The price
erosion has reached more than 25 percent since the beginning of the
year, predominantly driven by the cuts of the German feed-in-tariff
and the continuing global oversupply.

Following the revived political discussion about feed-in-tariffs and
the cost of renewable energy the market reacted extremely dynamically
with demand peaks in March and June, just before the deadlines before
the profitability of the individual projects would have been hit by
the feed-in-tariff reduction. The short demand peaks even exceeded
module availability, thus limiting the total volume, but allowing for
the lowest possible inventory after each deadline and therefore
optimizing the net result.

The consolidated financials for the period from January 1 to June 30,
2012 are available at the website of the company.

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

end of announcement euro adhoc
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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: free trade: Berlin, München, Düsseldorf, Stuttgart, regulated
dealing/prime standard: Frankfurt
language: English