AGO AG Energie + Anlagen: Financial figures 2008

• Sales of €36.7 million (previous year: €41.3 million)

• EBIT increase to €1.6 million (previous year: €-0.3 million)

• Group result of €0.6 million (previous year: €-0.9 million)

• Outlook: Financial room for manoeuvre for further sustainable growth

Kulmbach, 4 May 2009: AGO AG Energie + Anlagen (WKN: A0LR41 / ISIN: DE000A0LR415) has today published its financial figures for 2008 in accordance with IFRS.

Sales amounted to €36.7 million in the financial year 2008 (previous year: €41.3 million). Gross profit increased by €2.3 million to €4.2 million (previous year: €1.9 million). Despite the decline in sales of 11.2 percent resulting from project deferrals in 2009, operating profit (EBIT) rose by €1.9 million to €1.6 million in the financial year 2008 (previous year: €-0.3 million). The Group annual result increased by €1.5 million from €-0.9 million to €0.6 million. As a result, earnings per share went up by €-0.26 to €0.15 (number of shares: 4,000,000). “The positive development in the margin is primarily attributable to a good project selection and focussing on our own plans in the project business. At the same time, we consciously did not implement low margin projects in the previous financial year,” explains Hans Ulrich Gruber, Chairman of AGO AG Energie + Anlagen.

As of the balance sheet date on 31 December 2008, AGO AG Energie + Anlagen was able to record total assets of €38.0 million (previous year: €35.1 million). Shareholders’ equity amounted to €13.0 million (previous year: €12.4 million). As of the reporting date for the financial year 2008, liquid assets totalled €7.7 million (previous year: €5.6 million and current financial liabilities amounted to €2.1 million (previous year: €1.0 million).

“With an equity ratio of 34 percent and the 40 percent increase in our liquidity to €7.7 million, AGO AG has extensive room for manoeuvre in short-term project financing. This means that the Company is able to operate independently from the financial market even in the current economic and financial situation. The project backlog from 2008, record order levels of €28.3 million (up by 105 percent as of 31 December 2008) as well as the continued expansion of our international business activities will have a positive impact on the further increase in the current EBIT margin of 4.3 percent and will ensure the workload for employees in the financial year 2009 despite the current downturn in the economy. In addition to our financial room for manoeuvre, the intensified international expansion and our climate protection programme, we also consider ourselves well positioned to achieve further sustained growth – even beyond the financial year 2009,” emphasises Hans-Ulrich Gruber, Chairman of AGO AG Energie + Anlagen.

The annual report 2008 is available for download with immediate effect

About AGO AG Energie + Anlagen

AGO AG Energie + Anlagen, with its registered office in Kulmbach, was founded in 1980 and is specialized in the area of innovative and efficient energy supply facilities for industrial customers and municipalities. Main focus of AGO AG Energie + Anlagen is laid on the following business divisions: plant development and implementation, as well as service and consulting. The core competence of the company mainly commits to thermal power stations, to heating, cooling and ventilation technology plant construction, biomass cogeneration plants and trigeneration. Site studies and development, consulting in energy efficiency, resource and fossil fuel management as well as emission trade management – these factors complete the business model. AGO symbolizes efficiency, security and technological competence of your energy supply facilities.