Solar Energy pays: Solar Millennium AG generates 700,000 francs profit

Solar Millennium AG today presented the Annual Report 2009/2010 as part of its annual press conference in Munich. In this context, confirmed that the company already announced preliminary figures slightly positive net operating income before interest and taxes (EBIT) of € 0.7 million.

The company generated operating income of up to € 186 400 000. Operating cash flow for the fiscal year to € 7.4 million for the first time positive (previous year: € -51,600,000). In addition, the stable balance of cash and marketable securities of € 115 900 000 and an equity ratio of 28% indicates a healthy financial position.
Blamberg Oliver, CFO of Solar Millennium AG, observed for the last fiscal year: "The operating performance of the Solar Millennium group was good. In particular, changes to project power plants in the U.S. were responsible for deviations. The outstanding financial statements, now we want to implement in the current fiscal year. "

Other major solar energy projects in 2011

For the current fiscal year, revenues of the Board of completion of Andasol 3 and commissioning of services in hybrid power plant Kuraymat Egyptian as well as financial statements and the start of construction of Ibersol. It also represents the bulk of the expected revenue in the fiscal year 2010/2011 on the financing of the two solar energy projects U.S. plant in Blythe, with a capacity of 242 megawatts.
The budget figures for fiscal year shall provide the Board announced that the detailed stages in the approval process and financing have been achieved.