euro adhoc: Conergy AG / other / Preliminary figures: Conergy increases its revenues to over EUR 1 billion. Earnings significantly below expectations due in particular to extraordinary items

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Preliminary figures

05.03.2009

Preliminary figures: Conergy increases its revenues to over EUR 1
billion. Earnings significantly below expectations due in particular
to extraordinary items

In a year of fundamental restructuring measures, the solar energy
company Conergy has, according to preliminary figures, increased its
revenues by 40% to EUR 1,006m (previous year: EUR 719m). Despite
this, due to large burdens in the fourth quarter, it was not possible
to improve earnings (EBIT) as had been the aim. This now stands at
EUR -158m (previous year: EUR -213m), significantly below
expectations. This figure includes special effects and other
non-recurring costs of EUR 118m due to exchange losses, the ramp-up
in Frankfurt (Oder), and the ongoing restructuring programme among
others. Of these costs, EUR 81m were incurred in the fourth quarter,
of which large part is due to the financial crisis. Included are
writedowns on inventories of EUR 16m, caused by an unexpectedly quick
and sharp fall in module prices.

In its continued operations, the company recorded an annual loss of
EUR -199m (previous year: EUR -213m). Including discontinued
operations, the annual loss came to EUR -252m (previous year: EUR
-248m). The preliminary result could still change, partly depending
on the outcome of current negotiations with an important supplier.
Conergy will publish its final and audited financial statements on 27
March 2009.

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

Further inquiry note:

Christoph Marx

Head of Investor Relations

Tel.: +49(0)40 27142 1634

e-mail: c.marx@conergy.de

Branche: Energy
ISIN: DE0006040025
WKN: 604002
Index: Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share,
Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade