AGO AG Energie + Anlagen Releases Nine-Month Figures 2009

• Sales increase by 25 percent to €32,125 thousand
• EBIT recorded at €404 thousand
• Very strong fourth quarter expected
• Order backlog up by 68 percent to €34,767 thousand as of 30 September 2009

Kulmbach, 05 November 2009: AGO AG Energie + Anlagen (WKN: A0LR41 / ISIN: DE000A0LR415) has today published its nine-month report 2009. Sales increased by 25 percent to €32,125 thousand in the first nine months of 2009 (previous year: €25,676 thousand), with about 95 percent of sales being generated in Germany. Gross profit from sales correlated to a margin of 9.79 percent (previous year: 12.67 percent) totalling €3,146 thousand (previous year: €3,254 thousand). As of the balance sheet date, 30 September 2009, EBIT amounted to €404 thousand after totalling €1,389 thousand in the same period in the previous year. Consolidated net loss also followed the same pattern, decreasing from €475 thousand as of 30 September 2008 to €-56 thousand as of 30 September 2009. Earnings per share for the first nine months of 2009 amounted to €-0.01 (previous year: € 0.12) for 4,000,000 shares.

“AGO AG Energie + Anlagen remains confident that the financial and economic crisis will not negatively impact earnings for the financial year 2009. This is only possible thanks to the strategic foresight inherent in the Group’s structure, the generally high demand for energy plants and our expansion strategy. The decline in earnings as of 30 September 2009 as compared to the same period in the previous year is due to a legal dispute about increased heating prices with a heating customer and the downtime of the biomass cogeneration plant due to maintenance. Taking these two special factors into account, we are satisfied with the gross margin of 9.79 percent. Viewing the last two quarters side-by-side shows that we achieved a near doubling of the gross margin to 10.40 percent in the third quarter 2009,” explains Hans Ulrich Gruber, Speaker of the Management Board of AGO AG Energie + Anlagen.

Sales from margin-enhancing construction projects usually occur in the second half of the year due to the seasonal nature of AGO AG’s business model. “We therefore continue to anticipate a very strong fourth quarter to close the 2009 financial year and reaffirm our forecast for 2009 of sales rising well-beyond the previous year’s level with increased earnings,” says Hans Ulrich Gruber.

As of September 30, 2009, AGO AG Energie + Anlagen’s total assets amounted to €35,765 thousand (31 December 2008: €38,038 thousand). Equity decreased from €13,043 to €12,730 thousand. However, the equity ratio increased from 34.3 percent on 31 December 2008 to 35.6 percent as of 30 September 2009. Liquid assets amounted to €5,855 thousand (31 December 2008: €7,679) and current financial liabilities totalled €2,035 thousand (31 December 2008: €1,702 thousand) for the first nine months of 2009.

Order backlog as of September 30, 2009 amounted to €34,767 thousand (30 September 2008: €20,756 thousand) and is therefore up 68 percent compared to the comparable period from the previous year. Compared to 31 December 2008, when order backlog for the full year 2008 amounted to €28,300 thousand, the figure is up 22.9 percent.

“Along with the considerably increased order backlog as of the 2009 nine month reporting date, the record order intake of €66,075 thousand as of 31 October 2009 shows the high interest in regenerative energies and great appreciation for the technology used by AGO in its innovative energy supply solutions among industrial companies, municipal authorities and energy suppliers,” explains Hans Ulrich Gruber, Speaker of the Management Board of AGO AG Energie + Anlagen.

The nine-month report 2009 is now available for download

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.