Ralos New Energies AG
BGI EcoTech AG: Planning permission obtained

BGI EcoTech AG / Miscellaneous

11.11.2009 

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BGI EcoTech AG

  - Planning permission obtained for major project in Italy/Approvals for
    large-scale plants with a total output of 15 MWp expected shortly

  - High level of incoming orders in Germany, Northern and Southern Italy 

  - Strong sales and earnings prospects in 2010/Project pipeline of more
    than 100 MWp

  - 2009 Sales and earnings down versus prior year due to postponement of
    German Small Systems orders and major projects

Kassel/Griesheim, 11 November 2009: BGI EcoTech AG today announced the
first project approval for a large-scale plant in Sicily following a long
and difficult process. A number of additional project approvals for
large-scale plants with a capacity of over 15 MWp were also submitted to
authorities via ralos Italia. Approval is expected in the coming weeks.

In addition, orders with an output of more than 5 MWp were acquired in
northern Italy in small-scale and large-scale plant business in recent
months by the Ralos Northern Italy subsidiary. A sound and promising market
position was achieved in the area of roof-mounted systems for cold storage
warehouses. An important Italian mechanical engineering group was also
acquired as a major customer whose first order was a plant with an output
of 890 kWp. This customer stated that he is planning further PV plants with
an output of several MWp in the coming year.
Due to the high order book at Ralos Northern Italy the company is expected
to operate at a high level of capacity utilisation next year.

In Germany order intake in the German Small Systems business is also
currently significantly higher than in the previous year, though decisions
were delayed throughout August due to continually falling module prices.
The market situation has picked up significantly, especially recently,
meaning an overwhelming majority of the newly commissioned plants will not
be installed until 2010 and will therefore be recognised in sales in the
next financial year.

The good sales and earnings prospects for the coming year in Germany are
also being propelled by major project business. In this area we are close
to finalising several orders for PV outdoor plants with a total output of
more than 10 MWp. The plants will not be realised until next year due to
delays that clearly relate to the economic crisis.

Despite the current strong upswing in the markets and the high order
backlog, the losses from the first half of the year were not offset. In
addition to investment reluctance in the first six months due to the
economic situation as well as numerous project delays, the result was also
negatively impacted by investments in settlement systems, process
efficiency and the expansion of the sales network. In light of these
developments, BGI's Board of Directors is assuming a significant decline in
sales and a correspondingly negative results for the current financial
year.

Sales and earnings in the 2010 financial year are expected to improve on
the record year of 2008 thanks to the processing of the heavy order
backlog, especially in Germany and Italy, and the promising pipeline for
projects with a capacity of more than 100 MWp.

Shortly, BGI will be publishing an interim announcement on the second half
of the year ('Zwischenmitteilung zum 2. Halbjahr') as part of its announced
expansion of IR activities. In addition to increasing transparency about
its current and future business prospects, BGI would like to further raise
the visibility of its business model by fulfilling the financial
communication requirements of the General Standard segment of the Frankfurt
Stock Exchange.

The Board of Directors

 
About BGI EcoTech AG: 

BGI EcoTech AG is a company specialising in the renewable energies growth
market, with a particular focus on photovoltaic systems. BGI EcoTech AG,
which was founded in 1990, operates as a holding company. With subsidiaries
and distribution companies in Germany, Austria, Spain, Italy, Canada, Czech
Republic and Dubai, BGI is represented in the most important and
potentially fastest growing markets worldwide. The company's largest
holding is Ralos Group, one of Europe's leading premium system solutions
providers in the photovoltaic field.

The company develops, plans, constructs and operates innovative
photovoltaic plants, the capacity of which ranges from private solar power
systems to powerful large-scale power plants of all sizes.



Contact:
Company contact:
 
BGI EcoTech AG
Kuhbergstraße 28
34131 Kassel      
Tel.: +49 (0) 561 93 87 70 
Fax: +49 (0) 561 31 24 51 
info@bgi-ecotech.de
www.bgi-ecotech.de



Investor relations contact:

GFEI Aktiengesellschaft
Hamburger Allee 26-28 
60486 Frankfurt am Main
Tel.: +49 (0) 69 74 30 37 00
Fax: +49 (0) 69 74 30 37 22
bgi-ecotech@gfei.de
www.gfei.de





11.11.2009  Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      BGI EcoTech AG
              Kuhbergstr. 28
              34131 Kassel
              Deutschland
Phone:        +49 (0)561-93 87 70
Fax:          +49 (0)561-93 87 744
E-mail:       info@bgi-ecotech.de
Internet:     www.bgi-ecotech.de
ISIN:         DE0005203004
WKN:          520300
Listed:       Freiverkehr in Berlin, Stuttgart; Entry Standard in Frankfurt
 
End of News                                     DGAP News-Service
 
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