- Sales more than triple year on year to EUR 2,941 thousand in the first quarter (Q1 2014: EUR 719 thousand)
- Order intake climbs 164% to EUR 4,463 thousand (Q1 2014: EUR 1,690 thousand)
- Sales and order backlog of EUR 11.7 million as of 30 April 2015 promise further considerable growth year on year
Heliocentris Energy Solutions AG, which is listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN DE000A1MMHE3), is publishing its figures for the first quarter of 2015 today. In the first quarter of the current financial year, the Group followed up on its dynamic growth of the previous year.
In the period from January to March 2015, the Heliocentris Energy Solutions Group's sales increased more than threefold to EUR 2,941 thousand (Q1 2014: EUR 719 thousand). Incoming orders, a key indicator for sales performance, rose by 164% as against the same quarter of the previous year to EUR 4,463 thousand in the first quarter of 2015. The Group's gross profit amounted to EUR -216 thousand and therefore improved by 52% or EUR 200 thousand compared to the same quarter of the previous year (Q1 2014: EUR -416 thousand). The gross profit in relation to sales improved to -7% in the reporting period after -58% in the first quarter of 2014. The main driver behind this improvement was the better utilisation of the largely fixed indirect production costs as a result of the rise in sales. Further financial figures and the underlying details can be found in the quarterly financial report, which is available in the Investor Relations section of the website at www.heliocentris.com.
Ayad Abul-Ella, CEO of Heliocentris Energy Solutions AG, says: "After our significant growth in 2014, we are very pleased to have continued this trend in the first quarter of 2015. As a result of the recent cash capital increase, we have also secured Fidelity Investments as a new shareholder with a share of voting rights of more than 5%. In total, around 20% of our shares have now been held by the major investment funds Fidelity and Ruffer since 19 May 2015. This is a very gratifying development and a confirmation of the attractiveness of our new business model and the potential of our share."
The promising trend of the first quarter continued in April. On 6 April 2015, Heliocentris Energy Solutions AG received an initial order worth around EUR 1 million from Etisalat for the modernisation and hybridisation of 30 mobile telecommunications base stations in the United Arab Emirates. This is based on a framework agreement for the modernisation and hybridisation of up to 500 stations. On 8 April 2015, a further order from "Emirates Integrated Telecommunications Company - du" to supply and install 30 solar hybrid systems was announced. Together with other orders from Myanmar and Cummins, Heliocentris therefore posted already sales plus an order backlog of EUR 11.7 million as of 30 April 2015.
About Heliocentris Energy Solutions AG
Heliocentris Energy Solutions AG is a leading technology provider of energy management systems and hybrid power solutions for distributed stationary industrial applications, as well as of products and solutions for education, training and applied research purposes in the field of fuel cells, solar, wind and hydrogen energy technologies. Heliocentris' energy management systems creates intelligent, remote controlled, reliable and highly efficient hybrid energy solutions from diverse components such as batteries, photovoltaic modules, conventional diesel generators and fuel cells. The solutions reduce CO2 emissions by an average of 50% and operating costs by up to 60% compared to conventional energy solutions for mobile telecommunications base stations. Heliocentris' fuel cell systems ensure uninterrupted power supply with long runtimes to critical infrastructure such as TETRA base stations, back-bone sites in mobile networks and server stations. The Company employs at present around 185 people and is headquartered in Berlin with offices in Munich, Stuttgart, Dubai, Yangon, Vancouver and Johannesburg. Heliocentris AG's shares are traded in the Entry Standard of the Frankfurt Stock Exchange under the security identification number A1MMHE. Further information is available at www.heliocentris.com.
Heliocentris Energy Solutions AG
Rudower Chaussee 29
Tel. +49 (0)30 340 601 500
Fax +49 (0)30 340 601 599