Heliocentris publishes Annual Report of 2012

Sales up to € 7.7 million more than doubled
Sales in the industrial segment multiplied up to almost € 5 million
Fully integrated and scalable company structure established for the next phase of growth

Today Heliocentris Energy Solutions AG, the specialist for autonomous power solutions and energy efficiency, publishes its results according to HGB for the financial year 2012.

The financial year 2012 was primarily shaped by the market introduction and successful delivery of first major orders. Our customers’ satisfaction served as an important reference to establish a substantial sales pipeline resulting in further significant and expected increase of sales for 2013 and the subsequent years. With the set-up of necessary structures, processes and employees we have laid the foundation for further considerable scaling of the industrial business as well as the acquisition of new and large customers.

Financial and operational highlights of 2012:

Increase of sales by 133% to EUR 7.7 million (2011: EUR 3.3 million)
Sales in the industrial segment have multiplied from EUR 0.3 million to EUR 4.8 million
As part of gathering experience with larger rollouts and the optimization of operations, the revenue related gross profit margin of 28% of the first half of the year could be improved to 31% in the second half of the year
Significant stabilization of the training business with a turnover of just under EUR 3 million after a clear decline in sales in the previous year
The regional focus of the industrial business on Middle East, Africa and Asia led to a sharp increase in sales in the region from TEUR 961 in 2011 to TEUR 5,920 in 2012
Announcement of two follow-up orders from the mobile network operator „du“ in the United Arab Emirates
Ayad Abul-Ella, CEO of Heliocentris AG commented: “Due to the complete takeover of the business activities of the P21 GmbH and its complete integration into the group, Heliocentris was able to position itself as integrated provider of energy management systems and turnkey energy solutions. With the mobile network provider „du“ from the United Arab Emirates a customer reference could be created, which was of great value to us in the acquisition of new customers in the Middle East as well as in North Africa and Central Asia in 2012 and in the years ahead.”

Sales increased by 133% from EUR 3.3 million to EUR 7.7 million in 2012. This reflects the rapid growth of the telecommunication business, which multiplied from EUR 0.3 million in 2011 to EUR 4.8 million in 2012. In addition, the training business with a turnover of just under EUR 3 million could be stabilized after last year’s decline in sales.

Sales in Middle East, Africa and Asia increased sharply from TEUR 961 in 2011 to TEUR 5,920 in 2012, which reflects the regional focus of the industrial business.

Other operating income was with EUR 2.2 million over the previous year (2011: EUR 1.1 million). Therein included are EUR 0.3 million of grants as well as EUR 1.7 million capitalized R&D.

The annual loss of the Heliocentris group increased in 2012 to TEUR 7,663 compared to TEUR 5,592 in the previous year resulting from the increased cost base. The operating expenses for the financial year rose to EUR 12.3 million (2011: EUR 8.6 million). This increase is primarily due the rise of personnel costs by TEUR 1,849 to TEUR 6,760 (2011: TEUR 4,911), which was of high importance for the scaling of the industrial business. In view of the aspired profitability in 2014, it should be particularly highlighted, that the company structure set up in 2012 should be sufficient for sales in the range of EUR 30 – 40 million with the implementation of only minor further adjustments.

Dr. András Gosztonyi, CFO of Heliocentris AG commented: “Besides the successful entry into the business of industrial energy management and turnkey energy systems for mobile base station, we made also good progress with our business with renewable energy systems for applied research and education. Since this business suffered after the takeover of the P21 GmbH and the associated restructuring, it could be successfully stabilized in the past year.”

On the 31 December 2012 Heliocentris had cash and cash equivalents of TEUR 2,074 (31.12.2011: TEUR 3,099).

The Annual Report will be published in English on 24 April 2013.

Heliocentris develops, distributes and operates energy efficiency and autonomous power solutions to customers in industry, science and education worldwide. The company with its headquarter in Berlin and branches in Munich, Dubai and Johannesburg was founded in 1995 and aims to replace diesel generators with economically viable “zero-emission-solutions”. More information is available at www.heliocentris.com.

Disclaimer
This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Energy Solutions AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments. The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.

Source: Heliocentris

For more information on: Heliocentris