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Heliocentris Energy Solutions AG publishes report on HY1 2015

DGAP-News: Heliocentris Energy Solutions AG / Key word(s): Half Year
Results
Heliocentris Energy Solutions AG publishes report on HY1 2015

28.08.2015 / 17:30

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Heliocentris Energy Solutions AG publishes report on HY1 2015

- Sales and order backlog increase by 31% in HY1 to EUR 12,856 thousand

- Cost increases due to the acquisition of FutureE and non-recurring
effects from the Re-IPO burden the earnings development in the first
half-year of 2015


- Sales and order backlog of EUR 21.9 million as at 28 August 2015 lay
the foundation for a successful HY2 with significant increases in sales
and improvement in earnings

Berlin, 28 August 2015 - Heliocentris Energy Solutions AG, a company listed
on the Prime Standard of the Frankfurt Stock Exchange (ISIN DE000A1MMHE3),
today publishes its financial report on the first half of 2015. In the
first half of the current financial year, the Group expanded its customer
base in the industrial business significantly, thereby laying the
foundation stone with a view to again increase sales considerably
year-on-year for 2015 as a whole.

In the period from January to June 2015, the sales and order backlog of the
Heliocentris Energy Solutions Group rose by 31% or EUR 3,047 thousand
year-on-year to EUR 12,856 thousand. This increase results primarily from
sales and orders for the supply and installation of hybrid power systems
for mobile base stations in Myanmar. The increase was further driven by
supply, installation and maintenance contracts from the United Arab
Emirates. In the first half of 2015, the Heliocentris Energy Solutions
Group generated a 26% increase in sales to EUR 5,627 thousand (previous
year: EUR 4,476 thousand). In the first six months of 2015, order intake, a
key performance indicator for sales performance, went up by 36%
year-on-year to EUR 9,855 thousand.

In the first half of the year, the Group's gross profit amounted to EUR
-424 thousand (previous year: EUR -207 thousand). This is mainly the result
of a significant proportion of fixed costs relating to capacity development
and expansion. Owing to delays in acquiring new customers, the positive
variable profit contributions were still not sufficient to cover fixed cost
of sales in the first half of the year. In light of the successful new
customer acquisitions, particularly in the last few months, significantly
higher sales are expected in the second half of 2015 than in the first six