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AGO AG reports preliminary figures for 2011

  • Sales revenue 2011 of about von € million 69 (+30 percent) the highest level in corporate history
  • Liquid assets 2011 of about € million 7
  • Incoming orders emphasize successful change of corporate strategy

Kulmbach, 2 February 2012: Die AGO AG Energie + Anlagen (WKN: A0LR41, ISIN: DE000A0LR415) publishes key financial indicators of its corporate figures 2011 according to IFRS reporting. Sales revenue amounts therefore to € million 69 for the year 2011 – the highest level of corporate history so far. This corresponds to an increase by about 30 percent compared to the year before (€ million 52.8).

Liquid assets were significantly above expectations as of 31 December 2011. Despite considerate but strategically necessary investments in 2011, a liquidity of about € million 7 could be achieved (prior year: € million 10).

Incoming orders totaled € million 53 on 31 December 2011. During the last year, incoming orders were marked by several major projects with a combined order volume of € million 27, and reported the total amount of € million 69. Order backlog quantified to about € million 28 at the end of the business year 2011 (prior year: € million 46.8).

„Altogether, we are satisfied with the preliminary key financial indicators of the business year 2011. In particular, the incoming orders of the past months and the current project discussions reveal that we are on the right track after the successfully implemented change of corporate strategy with the focus on high margin energy projects in the area of decentralized energy supply. This is how we intend to consequently expand our position as top 10 CHP supplier of Germany according to the current CHP ranking in 2012. Already in January 2012, we registered incoming orders in the amount of about € million 3.6. In general, we are showing a high capacity rate for the next weeks,” said Hans Ulrich Gruber, C.E.O. of AGO AG Energie + Anlagen.

The Group Annual Report 2011 of AGO AG Energie + Anlagen is estimated to be published in April 2012 in the area of Investor Relations on the website www.ago.ag.


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.

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Company Contact

AGO AG Energie + Anlagen
Christian Reinlein

Am Goldenen Feld 23
95326 Kulmbach
Germany
www.ago.ag

Phone:   +49 9221 602 115
Fax:   +49 9221 602 149
ir-ago@ago.ag


Investor Relations Contact

GFEI Aktiengesellschaft
Marcus Kapust

Am Hauptbahnhof 6
60329 Frankfurt am Main
Germany

Phone:   +49 69 743 037 00
Fax:   +49 69 743 037 22
ir-ago@gfei.de

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