Solar-Fabrik has reported its financial results of €3.095 million, EBIT of €2.796 million, and a corresponding quarterly profit of approximately €0.26/share for the fourth quarter of 2009.
Total 2009 revenue reached €135.560 million, in comparison to €178.467 million in 2008, with an EBIT of €1.644 million (-€6.122 million in 2008) from its continued operations in solar power systems and solar cells. The total net result inclusive of all segments amounts to -€4.214 million (-€36.302 million in 2008), where -€3.376 million (-€27.859 million in 2008) are contributed by discontinued and disposed businesses.
The company’s 2009 full-year revenue of solar power systems reached €135.542 million with an EBIT of €839,000 in comparison to -€2.606 million and €178.014 million the year before. This represents an EBIT improvement from the nine-month period of €2.740 million, which is for the second time in a row the historically best quarterly result for solar power systems.
The solar cells business segment reached a 2009 EBIT of €915,000 and is anticipating a positive result for 2010.
The anticipated feed-in-tariff reduction in Germany has led to an unusually high sales volume already in 1Q10; Solar-Fabrik therefore estimates that its results for 2010 will be equally as positive as the previous year.
