3S Industries AG
3S Industries AG: Confirmation Guidance 2008 and adaption production capacities
3S Industries AG / Statement Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Ad hoc release - 3S Industries AG 3S Industries AG confirms having achieved its objectives for the completed financial year and adapts its production capacities at the Lyss factory to the economic situation Lyss, 26 February 2009. 3S Swiss Solar Systems, a 100% subsidiary of 3S Industries AG, is adapting its current production capacities to the economic situation. With the aim of building on the outstanding financial year 2008 in the long term, ensuring further growth and obtaining know-how, the company is introducing reduced working hours in parts of its business at the factory in Lyss. With this measure, 3S Swiss Solar Systems AG is reacting to the weaker demand for laminating lines since the beginning of 2009. The development of the demand for complete production lines for solar modules is still very promising. 3S Swiss Solar Systems AG has achieved the sales and profit objectives which had already been published for the completed reporting year 2008. Sales, which were three times higher than those of 2007, were accompanied by a significant expansion of production capacities. This enabled the organisation to remain in step with the continually growing demand and to comply with the delivery times agreed with customers. With the introduction of reduced working times, the company is reacting to the decline in orders as well as the postponements of delivery requested by customers and currently affecting the entire solar industry. With the measure initiated by the management, the capacities for production of laminating lines are being temporarily reduced. Not affected is the business which began in 2008 with complete production lines for solar module production. The development in this sector is still very promising. The processing of orders in the line business as well as the production of solar modules, which is currently running at full capacity, do not fall within the measure of reduced working hours. 3S Industries AG 3S Industries AG brings together the three key technologies in the field of solar module production, namely soldering, laminating and testing, under a single roof. In the field of laminating, 3S Swiss Solar Systems has been the world's technological market leader for years. In 2007, today's 3S Industries acquired a further key technology with Pasan SA, the leading producer of module testers. With the acquisition of Somont in 2008, the Group has continued its strategy of expansion and added in the sector of automatic string soldering the missing element in the value-creation chain of solar module production. The three companies appear independently of each other in the market, each focused on one of the three key technologies. Furthermore, 3S Industries integrates this production equipment in turnkey production lines. 3S Industries is also a producer of solar modules and plans and develops building-integrated solar systems. Contact: 3S Industries AG Dr. Anja Knaus Tel. +41(0)32 391 11 36 Fax. +41(0)32 391 11 12 aktie@3-s.ch www.3-s.ch Schachenweg 24 CH-3250 Lyss 26.02.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: 3S Industries AG Schachenweg 24 CH-3250 Lyss Schweiz Phone: +41 (0)32 391 11 11 Fax: +41 (0)32 391 11 12 E-mail: aktie@3-s.ch Internet: http://www.3-s.ch ISIN: CH0042821089 WKN: A0Q48P Listed: Freiverkehr in Berlin, MĂĽnchen, Stuttgart; Open Market in Frankfurt; Foreign Exchange(s) BX End of News DGAP News-Service ---------------------------------------------------------------------------
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