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09.08.2005 - euroadhoc / Börse / stock market / Quarterly or Semiannual Financial Statements / Company Information
euro adhoc: Conergy AG / Quarterly or Semiannual Financial Statements / Conergy boosts second-quarter sales by 88% to EUR 105 million (E)=

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09.08.2005
Hamburg-based Conergy AG has expanded its position as Europe's solar company
with the strongest sales. Sales increased by 88% to EUR 105 million in the
second quarter of 2005 (Q2/2004: EUR 56.2 million). Sales for the first six
months totalled EUR 150.8 million, up 80% compared to the same period of 2004
(EUR 83.6 million). At the same time, Conergy improved its earnings before taxes
(EBT) and IPO costs to EUR 6.3 million in the second quarter and EUR 9.1 million
in the first half-year. This corresponds to an increase of 122% (H1/2004: EUR
4.1 million). As the second half of the year traditionally is much stronger than
the first half Conergy sees itself well on its way to reaching its full-year
targets of EUR 500 million in sales and EUR 27 million in profits. 
In addition to growing its earnings as planned, Conergy was able to reach some
key milestones in strategically positioning the company. Successful market
entries in the United States, Australia, Mexico and Portugal have given Conergy
a presence with close customer proximity on four continents. Foreign sales
quadrupled to EUR 20.5 million in the first six months (H1/2004: EUR 4.9
million), with positive six-month EBT of EUR 0.9 million (H1/2004: EUR -0.1
million) internationally. The past quarter also saw Conergy's successful entry
into the lucrative bioenergy product segment by acquiring MAT-tec GmbH. Farmers
are a key target group for the sale of solar products from Conergy. The company
is leveraging existing customer contacts to quickly become a market leader in
Germany in this future-driven technology as well. The takeover of Australian
wind farm project developer Taurus Ltd., the acquisition of European onshore
wind farms and the recruitment of experienced industry experts for the
construction of large-scale solar thermal power plants has enabled Conergy to
develop additional product segments for the sale of renewable energy funds. This
reduces Conergy's exposure to temporary demand fluctuations in regional markets
and generates further sales and earnings potential in lucrative and
complementary business segments. "Our goal is to boost both the share of foreign
sales and the share of non-photovoltaic products to more than 50% of total sales
by 2008," says Hans-Martin Rüter, CEO and founder of Conergy AG. "We will also
continue to increase our speed of innovation in our solar core business," says
Rüter.
In the first half-year, Conergy launched self-developed off-grid and grid power
inverters as well as improved pitched roof mounting systems. "These products,
most of which are protected by patents, offer even more value for our customers,
which has resulted in above-average sales growth," says Rüter. In order to meet
the strongly growing demand in the future, Conergy is currently in the process
of doubling the production area at its Rangsdorf site near Berlin. At the end of
the first half of 2005, Conergy had a total of 554 employees, up 171 employees
compared to the end of 2004. This number will continually grow due to new hires
in Germany and market entries in additional countries such as India and Italy.
Further inquiry note:
Thorsten Vespermann
Tel.: +49 (0)40 237 102 171
E-Mail: t.vespermann@conergy.de
emitter:      Conergy AG
              Anckelmannplatz 1
              D-20537 Hamburg
phone:        +49 (0)40 237 102 0
FAX:          +49 (0)40 237 102 148
mail:         info@conergy.de
WWW:          http://www.conergy.de
ISIN:         DE0006040025
indexes:      Prime Standard, TecDAX, Technologie All Share, CDAX, HDAX, Prime
              All Share, Midcap Market Index
stockmarkets: free trade: Berliner Wertpapierbörse, Hamburger Wertpapierbörse,
              Börse Düsseldorf, Niedersächsische Börse zu Hannover, Bremer
              Wertpapierbörse (BWB), official dealing: Frankfurter
              Wertpapierbörse 
sector:       Energy
language:     English