3S Industries AG
3S Industries AG triples sales and EBIT in the first half of 2008
3S Industries AG / Half Year Results/Forecast 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 announcement - 3S Industries AG 3S Industries triples sales and EBIT in the first half of 2008 Lyss, 28th August 2008. 3S Industries AG (formerly 3S Swiss Solar Systems AG), the world's technological leader for automatic string soldering machinery, laminating lines and testers for solar module production, again grew at an above-average rate in the first half of 2008. Net sales and EBIT tripled to CHF 30.5 million and CHF 3 million respectively. EBITDA and net profit grew to CHF 3.7 million and CHF 2.5 million respectively. The revenues of Somont GmbH, which was acquired by 3S Industries AG on 4th August, are not yet included in the half-year results. They will be consolidated from August onwards and will flow into the annual results for 2008. 'We are very pleased with this record result', said CEO Dr. Patrick Hofer-Noser 'Because it reflects the above-average growth of the group and shows that 3S Industries has succeeded in achieving a strong expansion of its market position and technological leadership'. The group confirms its sales forecast and profit target for the full year. For the 2008 financial year, 3S Industries expects sales revenues of CHF 110 million and an EBIT margin of more than 10 percent. Overview of half-year results, 3S Industries: in TCHF 01.01.-30.06.2008* 01.01.-30.06.2007* 01.01.-30.06.2006* Net sales 30.506 9.892 3.733 EBITDA 3.736 1.072 255 EBITDA margin in % 12.25 10.84 6.83 EBIT 3.037 902 92 EBIT margin in % 9.96 9.12 2.46 Profit after taxes 2.495 972 85 Number of employees 174 55 36 * A comparison with the previous year's results is only possible to a limited extent because no consolidated interim financial statements were prepared for this period. The consolidated financial statements of 3S Industries AG encompass the subsidiaries Pasan SA and 3S Swiss Solar Systems AG. The current half-year report is available to be downloaded from the company's website under www.3-s.ch in the Investor Relations section. 3S Industries AG 3S Industries AG (formerly 3S Swiss Solar Systems AG) brings together the three key technologies in the field of solar module production, namely soldering, laminating and testing, under a single roof. With the acquisition of Somont, the Group has continued its expansion strategy and, with automatic string soldering machinery, has added the missing element in the value-creation chain of solar module production. 3S Swiss Solar Systems has been the world's technological market leader in laminating for years. In August 2007, 3S Industries acquired a further key technology with Pasan SA, the leading producer of module testers. The three companies are present in the market independently of each other, each focusing on one of the three key technologies. Furthermore, 3S Industries integrates this production equipment in turnkey, semi-automatic production lines. 3S Industries is also a producer of solar modules and plans and develops building-integrated solar systems. For further information, please contact: Investor Relations Antje Greiner Telefon: +41 (0) 32 391 11 35 Fax: +41 (0) 32 391 11 22 E-Mail: aktie@3-s.ch Contact: 3S Industries AG Antje Greiner Tel. +41(0)32 391 11 35 Fax. +41(0)32 391 11 12 aktie@3-s.ch www.3-s.ch Schachenweg 24 CH-3250 Lyss 28.08.2008 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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