EANS-Adhoc: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten / Another volume growth in first half 2011 compared to 2010 and a break-even EBIT provide a good

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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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6-month report

11.08.2011

Solar-Fabrik AG (ISIN: DE0006614712) achieved another volume
growth period during first half of 2011, this time ca. 7 % from 52
MWp (corresponding period 2010) to 56 MWp. Despite the continuing
price erosion and the ca. 10 % revenue decrease to 87.342 million
euros (previous year: 96.475 million euros) the EBIT reached
break-even at 6,000 euros (previous year: 9.192 million euros).
The company therefore achieves a half year loss of 754,000 euro
(previous year: 7.567 million euros profit), representing 0.05 euros
loss per share (previous year: 0.65 euros profit per share).

The first half of 2011 was characterized by politically
extremely unstable regulations. While the Italian regulation
now clearly demonstrates the political support for European
production by a 10 % higher feed-in-tariff, the fundamental
revision of the German energy policy offers no additional support
for the PV solar industry. As an example, the much discussed FIT for
greenfield projects was not reactivated.

Solar-Fabrik AG has successfully leveraged the price erosion of
the supply chain to achieve a break even EBIT in the first half of
2011. The Solar Power Systems segment reached an EBIT of 380,000
euros (previous year: 9.865 million euros) from revenue of 87.121
million euros (previous year: 96.092 million euro).

The Solar Cell Production segment improved the EBIT to -441,000
euros, compared to -808,000 euros in the first half of 2010.

Solar-Fabrik AG considers their volume growth in the given
weak market environment as a success of their sales strategy. The
export share of 65.9 % during first half of 2011 as well as the
investment in SolSystems Energy GmbH, a German installation
company, acquired on July 25, 2011, are a very good platform
for further growth.

The management considers the half year break-even as the best
possible proof of a sustainable strategy and a great starting
point for achieving the 2011 targets as outlined in the annual
report 2010.

Further inquiry note:
Investor Relations
Tel.: +49 (0)761-4000 0
E-Mail: investor@solar-fabrik.de

end of announcement euro adhoc
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issuer: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten
Munzinger Str. 10
D-79111 Freiburg
phone: +49(0)761 4000 0
FAX: +49(0)761 4000 199
mail: info@solar-fabrik.de
WWW: http://www.solar-fabrik.de
sector: Alternative energy
ISIN: DE0006614712
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Stuttgart, Düsseldorf, München
language: English