DGAP-Adhoc: Centrosolar announces preliminary results for the second quarter of 2013 and publishes audited and certified annual financial statements for 2012

Centrosolar Group AG / Key word(s): Final Results/Quarter Results

02.08.2013 12:32

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Munich, 2 August 2013. According to preliminary non-audited calculations,
the CENTROSOLAR Group AG achieved a sales of solar modules and systems of
31.7 MWp in the second quarter of 2013 and thus to the first quarter of
2013 (20,4 MWp) has achieved an increase of 55%. The prior-year quarter of
38.6 MWp was however not achieved. While sales in France and the production
of modules for third-party providers on the previous year could be
significantly expanded, the weak market developments in Germany and Italy
had a negative impact on the sales of modules.

Since the average price level for standard modules was well below that of
the previous year, the revenue for the quarter, with a provisional figure
of EUR 33.0 million, remained behind the previous year's comparable figure
of EUR 53.8 million.

The reduction in sales translated at approximately the same gross margins
as in the previous year in a preliminary calculation of gross result of
around EUR 5.8 million (down from EUR 14.6 million to EUR 8.8 million). At
the same time, however, the measures taken to reduce personnel and other
operating costs have been partially effective, so that the operating profit
before depreciation, interest and tax (EBITDA) with a value of EUR -4.3
million was EUR 3.1 million down on the previous year (EUR -1.2 million).
On June 30th, 2013 the CENTROSOLAR Group had cash and available credit
lines totaling EUR 7.2 million (previous year EUR 22.4 million).

In addition, the CENTROSOLAR Group today received the audit report for its
consolidated financial statements and financial statements of 2012. The key
figures correspond, in substance, to the magnitude of those announced on 22
March 2013. After the audit report is issued, the execution of the
debt-to-equity swap is expected to begin in late September 2013.

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Information and Explaination of the Issuer to this News:

About CENTROSOLAR Group AG:

The listed company CENTROSOLAR Group AG, Munich, (stock exchange code WKN
514850) is one of the leading suppliers of photovoltaic (PV) systems for
roofs and key components, with over 700 employees in Europe and North
America and annual revenue of EUR 189 million (2012) for the continuing
operations. Its product range comprises solar integrated systems, modules,
inverters and mounting systems. Over two-thirds of revenue is generated
internationally. There are CENTROSOLAR branches such countries as Italy,
France, Greece, Switzerland, the Netherlands, the UK, Canada and the USA.
CENTROSOLAR manufactures modules at a plant in Wismar (Germany). The module
production plant certified to DIN ISO 9001:2008 is one of the largest and
most efficient such plants in Europe, with an annual capacity of 350 MWp.

For further information, visit: www.centrosolar-group.com.

For more information, please contact: MetaCom GmbH, Georg Biekehör, tel.:
+49 (0)6181 9828030, e-mail: g.biekehoer@go-metacom.de

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Language: English
Company: Centrosolar Group AG
Walter-Gropius-Str. 15
80807 München
Germany
Phone: +49 (0)89 20 1800
Fax: +49 (0)89 20 180 555
E-mail: info@centrosolar.com
Internet: http://www.centrosolar-group.de
ISIN: DE0005148506, DE000A1E85T1,
WKN: 514850, A1E85T,
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

End of Announcement DGAP News-Service

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