AGO AG Energie + Anlagen publishes three month report 2009

• Sales €7,245 thousand (+35 percent)
• Gross profit €1,123 thousand (+65 percent)
• EBIT increase to €382 thousand (previous year: €-90 thousand)
• Increase in consolidated net profit for the period to €141 thousand (previous year:
  €-225 thousand)
• Order backlog as of 31 March 2009 €26,200 thousand

Kulmbach, 29 May 2009: AGO AG Energie + Anlagen: (cusip number: A0LR41; ISIN: DE000A0LR415) today published its figures for the first quarter of 2009. In the period under review, sales increased by 35 percent from €5,358 thousand to €7,245 thousand. Gross profit from sales increased by 65 percent, up from €682 thousand to €1,123 thousand. EBIT was up from €472 thousand to €382 thousand. Consolidated net profit for the first three months of 2009 amounted to €141 thousand (previous year: €-225 thousand). Earnings per share increased from €-0.06 to €0.04 (number of shares: 4,000,000).

These figures are all the more noteworthy considering the seasonality of AGO AG Energie + Anlagen’s business. Compared to the following quarters of a financial year these seasonal effects typically result in a weaker first quarter. Sales in the current financial year will mainly be generated in the second half of the year.

“In this challenging environment AGO AG Energie + Anlagen was once again able to demonstrate its strength and robustness – regardless of general economic conditions. The increase in the gross margin from 3 percent to 16 percent and the significant improvement in earnings can be attributed to focussing on proprietary development in our own project business and only selectively conducting commissioned planning activities,” explains Hans Ulrich Gruber, Chairman of AGO AG Energie + Anlagen.

The order backlog on the reporting date of the three month report 2009 amounted to €26,200 thousand. This is also due to our generally good positioning in the market for industrial energy supply.

“The positive quarterly earnings and the upbeat development of AGO Group both affirm our conviction of pushing sustained growth by extending operating business activities domestically and intensifying international expansion. We are confident to have created a sound basis for the future growth of AGO AG Energie + Anlagen thanks to our order backlog amounting to €26,200 thousand as of 31 March 2009, our strong customer base and our highly effective sales channels at home and abroad. As a specialist in the field of innovative and efficient power generation plants for the industrial sector and municipal utilities with liquid assets of €7,179 thousand, we continue to have sufficient financial scope to operate independent of capital markets and to continue to drive our strategic targets in 2009,” added Gruber.

The three month report 2009 is available for download immediately.

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.