Sales: EUR36,561 thousand (previous year's period: EUR50,134 thousand)
Gross margin increased from 3.6 percent to 5.6 percent
EBIT: EUR124 thousand (previous year's period: EUR-476 thousand)
Kulmbach, 30 November 2012: AGOAG Energie + Anlagen (WKN: A0LR41, ISIN: DE000A0LR415) has published its figures for the third quarter of 2012.
In the first nine months of 2012, AGOAG Energie + Anlagen booked EUR36,561 thousand revenue (previous year's period: EUR50,134 thousand). Order intake is consciously controlled to create a healthy economic performance. This serves the purpose of increasing the Group's operating profitability.
Order intake at AGOAG Energie + Anlagen amounted to EUR29,706 thousand in the first nine months of 2012 (previous year's period: EUR34,771 thousand). The order backlog amounted to EUR22,957 thousand (30 September 2011: EUR25,181 thousand).
Gross profit increased from EUR1,782 thousand to EUR2,058 thousand. As a result, the gross margin increased from 3.6 percent to 5.6 percent. EBITalso increased year-on-year in the first nine months of 2012 by EUR600 thousand, from EUR-476 thousand to EUR124 thousand. Consolidated net profit for the period amounted to EUR-1,998 thousand (previous year's period: EUR-735 thousand) due to negative earnings from discontinued operations. Earnings per share for the first nine months 2012 were EUR-0.50 (previous year: EUR-0.18) and diluted earnings per share were EUR-0.39.
Due to one-off charges the result will be negative in the fourth quarter. Therefore, equity at AGOAG Energie + Anlagen according to German GAAPwill be less than half of the company's subscribed capital. The Management Board will shortly convene an extraordinary General Meeting. In this meeting the Management Board will explain the company's position and its measures to improve performance. In addition, the Management Board will convene a meeting of the creditors of the convertible bond issued last year to vote on an early conversion.
The Q3 2012 Report of AGOAG Energie + Anlagen is now available for download at www.ago.ag in the Investor Relations section.
The Management Board
About AGOAG Energie + Anlagen
AGOAG Energie + Anlagen, with its registered office in Kulmbach, was founded in 1980 and is specialized in the area of innovative and efficient energy supply facilities for industrial customers and municipalities. Main focus of AGOAG Energie + Anlagen is laid on the following business divisions: plant development and implementation, as well as service and consulting. The core competence of the company mainly commits to thermal power stations, to heating, cooling and ventilation technology plant construction, biomass cogeneration plants and trigeneration. Site studies and development, consulting in energy efficiency, resource and fossil fuel management as well as emission trade management - these factors complete the business model. AGOsymbolizes efficiency, security and technological competence of your energy supply facilities.