euro adhoc: Conergy AG / quarterly or semiannual financial statement / 89% increase in sales due to quadrupling of Conergy’s foreign sales

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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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10.05.2006

- Snowy winter and special effects influenced the winter quarter that
traditionally boasts weak in sales of facility construction segment

- Board sees Conergy as slightly ahead of its plans for a jump in
sales and results in 2006

Hamburg, 10 May 2006. The renewable energy system supplier Conergy
(ISIN DE 00060 40025) was able to greatly increase sales in the first
quarter, despite a snowy winter in Germany, its core market.
Consolidated sales rose 89% in comparison to the previous first
quarter, to EUR86.3 million from EUR45.8 million in the previous
year. A considerable percentage of this growth was due to foreign
sales in markets facing less adverse weather conditions. Foreign
sales grew more than fourfold EUR8.0 million the year before to
EUR34.8 million. Seasonality must be kept in mind when viewing the
quarterly results in solar plant construction. Snow-covered roofs are
a fundamental reason why Conergy’s first quarter share of sales
accounts for an estimated 10% of total yearly sales, as has been the
case in previous years. Thanks to the fivefold increase of Conergy’s
own production capacity in the last year and the contractually
ensured supply of solar modules, Conergy sees itself as slightly
above its plan to raise sales from last year’s EUR530 million to
EUR800 million, which means a growth of over 50%. In order to gain
additional market shares in the core business area of photovoltaics,
which faces an excess of demand, and to keep margins at least
stabile, Conergy has secured high-purity solar silicon from suppliers
based in various countries. The company will make this silicon
available to solar module suppliers, to increase their production for
Conergy.

Conergy expects 50% growth in sales in 2007 and 2008 as well

For 2007 and 2008 as well, Conergy anticipates unimpeded growth
impetus, with sales increases of 50% each year. This would allow
Conergy to substantially expand its global share in the market for
renewable energy systems, which is growing at an annual rate of
roughly 25%. "We have already oriented our international management
structures and engineering teams towards expanding in the direction
of global market shares, in coming years as well," reports
Hans-Martin Rüter, Chairman of the Management Board and founder of
Conergy AG. As of 31 March, Conergy employed 873 people worldwide to
help fulfil its targets for growth, an increase of over 100% from the
same time last year, when the company had 421 employees. In the
traditionally sales-weak winter quarter, the company had a negative
EBIT margin of EUR8.0 million, due to capital expenditures resulting
from the company’s own silicon acquisitions and from the development
of additional teams of engineers for large-scale renewable projects
in the field of bioenergy and large-scale solar-thermal plants. "The
operating results, once they have been adjusted to take into account
these special factors, show that we are right on target to increase
our profit margin slightly in 2006, and to boost net earnings
accordingly," explains Hans-Martin Rüter.

end of announcement euro adhoc 10.05.2006 07:20:28
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ots Originaltext: Conergy AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Thorsten Vespermann
Tel.: +49 (0)40 237 102 171
E-Mail: t.vespermann@conergy.de

Branche: Energy
ISIN: DE0006040025
WKN: 604002
Index: TecDAX, Technologie All Share, CDAX, HDAX, Prime All Share,
Midcap Market Index
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade