EANS-Adhoc: COLEXON Energy AG presents annual report 2010

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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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annual report

29.04.2011

- Turnover with EUR 196.0 million and EBIT with EUR 9.5 million in
line with expectations - Goodwill amortization of more than 63.4
million EUR distorts comparability with last year

Hamburg, April 28, 2011. The Hamburg COLEXON Energy AG (WKN 525070,
ISIN DE0005250708) presented its annual report for the year 2010.

With EUR 196.0 million the internationally operating solar company
generated the highest turnover in the company´s history. Moreover,
the international share of the project business could be increased to
42 percent. The adjusted EBIT of EUR 9.5 million was lower than in
the previous year due to the changed market conditions and the early
onset of winter.

With 196.0 million EUR COLEXON slightly increased its turnover
compared to the previous year. The core turnover driver in 2010 was
the wholesale segment with a turnover of EUR 114.3 million (58 per
cent of total turnover). The segment projects contributed 34 per cent
(EUR 66.2 Mio.) while the plant operation segment achieved EUR 14.4
million (7 per cent).

Earnings before interest and tax (EBIT) had been severely affected by
a goodwill amortization in the amount of EUR 63.4 million. The
goodwill had been adopted to the consolidated financial statement in
connection with the acquisition of Renewagy A/S in 2009 and was based
on the assumption of a continuously and long term development of the
solar power plant portfolio. In the main European markets Feed-in
Tariffs had been cut faster and more severely than expected which
resulted in the goodwill write-off. The amortization is cash neutral
and therefore does not affect the current financial situation of the
group. After amortization COLEXON reports a loss of EUR 53.9 million
before interest and tax (EBIT).

The complete financial statement for the financial year 2010 is
available for download at www.colexon.com under the heading "Investor
Relations".

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

Further inquiry note:

Jan Hutterer
Investor Relations Manager
Tel.: +49 (0) 40 2800 31 111
E-Mail: hutterer@colexon.de

Branche: Energy
ISIN: DE0005250708
WKN: 525070
Index: CDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade