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DGAP-News: PAYOM SOLAR AG in the first quarter with new sales and profit record

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Sales: +1700% – EBIT: +2800% – For Q2 nearly sold out
Merkendorf 10 May 2010 – Despite the harsh and snowy Winters has Payom Solar AG in the first quarter of 2010 (January to March) again achieved a company record for sales and earnings can. After the same period the previous year’s revenues of EUR 2.2 Million was generated, the company booked in the first quarter 2010 revenues of approximately EUR 39.7 million is still positive, the Operating profit (EBIT) dar. With approximately EUR 3.2 million was the profit before interest and Taxes (same period 2009: EUR 109 719) over the previous year increased by a factor of rapprochement 30th ‘By the addition of political debate around the initiated EEG beat special economic the first synergies from the acquisition of Solar AG the books down. So the Solar AG in the first quarter, equal to two outdoor parks in Germany (Hinzerath / Mosel and Vestenbergsgreuth) to acquire Payom Solar AG and project. ‘ Board explains Jörg Truelsen. is also in the coming months to continue to expect a strong demand. ‘In the first half of the Society, almost sold out and a potential demand in the second hole Half may well offset by projects in Bulgaria be. ‘, so Truelsen.
About Payom Solar AG:
Payom Solar AG is a manufacturer System supplier of solar systems. The company plans, builds and sells Photovoltaic systems both for open areas as well as in Germany and in Roof segments from house plants to large industrial and delivers them turnkey to institutional and private Investors and operators.
For more information: www.payom-solar.de
Payom Solar AG
Jörg Truelsen, CEO
Energy Park 10-14, 91 732 Merkendorf
Tel: 09 826 65 99 45 Fax: 09 826 65 91 540
E-mail: info@payom-solar.de