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SAG Solarstrom released a rather positive report for Q2 2012. Among other achievements, the company noted that it had seen an almost 50% increase in sales for Q2 to €31.9 million, compared to Q1 2012’s €21.4 million. In total, the first half of the year saw SAG Solarstrom with €53.3 million in sales.
Its project planning and plant construction units reached sales of €16.3 million for the quarter, up from €8.7 million in Q1. Additionally its partner’s sales division achieved sales of €8.3 million, another increase over Q1’s €6.8 million. SAG Solarstrom noted that the number of systems monitored by meteocontrol grew to around 27,000 systems, representing an output of nearly 5.6GWp by the end of the first half of 2012. Sales, in comparison to the first half of 2011, rose by 40% from €6.7 million to €9.4 million.
"The banking and financial crisis, the abrupt changes in the regulatory general conditions in Europe and the price decline on the market for components presented us with major challenges in the first half-year. The Q2 result, which was very positive in view of the market situation, once again emphasizes the stability of the SAG Solarstrom Group and shows that we have reacted quickly to these market challenges", says Dr. Karl Kuhlmann, CEO of SAG Solarstrom. "We will now implement competitive photovoltaic projects without a guaranteed feed-in tariff somewhat earlier than planned".
SAG Solarstrom’s power production business also saw a slight increase to €3.8 million, compared with 2011’s first half result of €3.5 million. The company noted that it anticipates its MWp sales volume in 2012 will continue to grow and that positive operating results will be achieved.