DGAP-News

3W Power/AEG Power Solutions reports results for Q1 2015

DGAP-News: 3W Power S.A. / AEG Power Solutions / Key word(s): Quarter
Results
3W Power/AEG Power Solutions reports results for Q1 2015

13.05.2015 / 08:00

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3W Power/AEG Power Solutions reports results for Q1 2015

- Core business is stable once adjusted for restructuring measures and
continued reduction of operating costs

- Results are impacted by project cancellations and postponements in
areas of turmoil in the Middle East and lower volumes tied to the drop
in oil prices

- Group continues to rebuild and strengthen management personnel who are
driving results

- Segment reporting adjusted to better reflect the change in
organizational structure

- Authorized share capital to be increased at upcoming EGM to retain
flexibility and seize potential opportunities

Luxembourg / Zwanenburg, The Netherlands - May 13, 2015. 3W Power S.A.
(ISIN LU1072910919, 3W9K), the holding company of AEG Power Solutions
Group, a global provider of UPS systems and power electronic solutions for
industrial, commercial, renewable and distributed energy markets, today
announced its results for Q1 2015.

Change in reportable segments
The Group will no longer distinguish its operating results between product
clusters divided into the previous segments "Renewable Energy Solutions"
(RES) and "Energy Efficiency Solutions" (EES), but will have just one
reportable business segment - "Industrial Products and Services" (IPS) -
going forward, in combination with a reportable unallocated segment
("Unallocated") that represents non business related expenses
(corporate-and holding companies related expenses, e.g. listing and Group
audit fees). In addition to the reportable IPS segment, the Group reviews
its business activities through analyzing the key vertical markets and
develops product and service offerings to address these needs. The
geographical allocation of customers' locations provides information on the
demand side as well as on underlying economic and political developments
that may affect demand. This set of data will contribute to the Company's
growth ambitions in the coming years.

Change in organizational structure
The restructuring measures taken in 2014 resulted into dedicated focus on
the Company's core business activities offering Industrial and commercial