Press Releases from ersol Solar Energy AG (8 total)
ersol presents 9-month results 2008
Revenue increases 101.5 percent year-on-year to € 214.6 million
- Operating result (EBIT) increases by a significant 188.3 percent to € 46.1 million
- Revenue outlook for 2008 confirmed
Erfurt, 14 November 2008. In the first nine months of the current financial year ersol Solar Energy AG (ersol) increased its consolidated revenue to € 214.6 million. This corresponds to an increase of 101.5 percent compared with the corresponding period of the previous…
Agreement between Ventizz and Bosch regarding sale of majority stake in ersol
Erfurt, 2 June 2008. Ventizz Capital Fund II LP, Wilmington/Delaware, USA, and its subsidiary Ventizz II Jersey Holding LP, Jersey, Channel Islands, (Ventizz) have informed the Management Board of ersol Solar Energy AG (ersol) that they have signed agreements with Robert Bosch GmbH (Bosch) regarding the sale of its holdings in ersol amounting to 50.45% of the share capital. The purchase price for the shares immediately sold, to be paid…
ersol signs solar cell supply contract with new major customer aleo solar
Erfurt, 27 May 2008. ersol Solar Energy AG (ersol) today concluded a cell supply contract with aleo solar AG (aleo solar). The contract volume amounts to about 250 MWp. Crystalline silicon solar cells are to be supplied to Prenzlau module producer aleo solar over a period of 12 years starting in 2008. The conclusion of this latest contract marked an increase in ersol\'s order volume for solar cells to well…
ersol presents strong first quarter and confirms overall forecast for the year
Revenues double year-on-year to € 52.4 million
- Operating result (EBIT) rises 79.5 percent to € 7.7 million
- Outlook for 2008 confirmed
ersol Solar Energy AG (ersol) generated consolidated revenue of € 52.4 million in the first quarter of 2008, thus almost doubling its revenue compared with last year’s period (Q1 2007: € 26.1 million). ersol achieved this impressive growth through the successful start-up of the newly created production capacities and through…
ersol signs supply contract with leading Japanese wafer producer
Six-year contract concluded for the supply of multicrystalline silicon wafers
- Wafers enable total production volume of 90 MWp
Erfurt, 4 April 2008. ersol Solar Energy AG (ersol) today signed a contract for the supply of multicrystalline silicon wafers by one of the world’s leading wafer manufacturers which is located in Japan. Deliveries are due to start in 2009 and will generate a total production volume of at least 90 MWp at…
ersol confirms record results for 2007
Erfurt, 28 March 2008. With the publication of its audited financial statements for 2007 ersol Solar Energy AG (ersol) today confirms its preliminary revenue figures (2007: € 160.2 million, previous year: € 127.8 million). The operating result (EBIT) grew by 10.1% to € 22.3 million (previous year: € 20.3 million). Notwithstanding substantial expansion activities, in 2007 the Company thus posted the highest turnover and best operating results in its 10-year…
ersol expands management ranks
Peter Schneidewind as fourth Board Member responsible for ersol’s Thin Film activities
Board of Management expanded to accommodate strong growth in business
Responsibilities to be reshuffled in Board
Erfurt, 28 February 2008. With effect from 1 March 2008 ersol Solar Energy AG (ersol) is expanding its hitherto three-person Board of Management. Peter Schneidewind, past and future Managing Director of ersol Thin Film GmbH, will be responsible for the Thin Film activities as…
ersol winds up year of greatest expansion with a high degree of success
• 25.4 % increase in sales to € 160.2 million
• 10.1 % increase in operating income (EBIT) to € 22.3 million, despite
up-front costs
• Outlook for 2008 and 2009 promises strong growth
• Further expansion of capacity to approx. 550 MWp in crystalline segment and about 200 MWp in thin-film segment by the end of 2012
Preliminary key figures for the ersol Group as of 31 December 2007
million euros (IFRS) 2007 2006 Change
Sales …
