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AEG Power Solutions predicts revenue increase but profit decline for 2012

AEG Power Solutions, part of parent company 3W Power, has updated its guidance for its financial performance for 2012. The company, which is currently the subject of a friendly takeover bid by Andrem Power, which is itself wholly owned by Nordic Capital Fund VII, expects its revenue to grow to between €430 and €460 million from €428 million in 2011. However, profitability margins are expected to fall as a result of economic factors.

AEG expects an EBITDA margin of between 9% and 11% compared to 12.4% in 2011. First-quarter 2012 revenue and profitability look likely to come in below first-quarter 2011 results.

The company cites various economic factors as being behind this drop in profitability, including challenges in obtaining project financing, inverter pricing pressures and FiT-related market fluctuations.

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