DGAP-News: Heliocentris Fuel Cells AG: Heliocentris again increases revenues in 2009
(firmenpresse) - Heliocentris Fuel Cells AG / Final Results
09.03.2010 10:47
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Berlin-based supplier of energy storage solutions announces provisional
annual results for 2009 with accelerated revenue growth
Berlin - 9 March 2010. Heliocentris Fuel Cells AG, a leading supplier of
clean energy storage solutions, today published its provisional results for
the year ending 31 December 2009.
The company achieved revenues of EUR 3.4 million, which is a 31% increase
on the previous year (2008: EUR 2.6 million). The revenue related gross
profit was with 44% again very strong, slightly lower, however, than
previous year (48%) resulting from a larger strategic project with a
significantly lower margin.
The net loss for the financial year came to EUR 2.8 million (2008: EUR 2.3
million). The incurred loss was in line with the company's growth plan
which now leaves the company well positioned to expand its entry into
industrial markets.
Dr. Andras Gosztonyi, CFO of Heliocentris Fuel Cells AG commented: 'We are
proud of increasing our revenue growth so clearly - despite a challenging
market environment. Our success in acquiring projects for major autonomous
energy supply and storage solutions underlines our expertise and strong
international positioning. With further projects in the pipeline in both
the stationary and mobile field, we are very confident for 2010.'
Dr. Henrik Colell, CEO of Heliocentris commented: '2009 was an important
growth step for the company and we have achieved a lot. We have reached
important technical milestones and we are fully in-line with our roadmap
for the launch of advanced storage solutions in stationary and mobile
markets.'
The Managing Board expects major milestones to be reached in these fields
this year. The company now has a team of outstanding technology and
industry experts in the area of alternative energy systems and vehicle
engineering that will allow it to implement its industrial strategy
aggressively.
Highlights of 2009:
- Accelerated revenue growth compared to the previous year
- Acquisition of several major projects in the field of autonomous energy
supply and storage solutions, one of which was from an oil company in
Bahrain
- Signing of an OEM agreement with the Lucas-Nülle Gruppe GmbH, a renowned
global player in the field of technical training equipment, giving
Heliocentris access to new revenue channels, especially in the area of
large projects equipping full laboratories
- Launch of the new Heliocentris Nexa 1200 fuel cell system platform,
building the basefor our storage solution offering in the field of
emergency and autonomous power markets
- Delivery of an electrolyser as a hydrogen filling station for the fuel
cell bus of the city of Barth, Germany, following the successful
integration of a hybrid solution in the bus by Heliocentris in 2008
- Capital increase with gross proceeds of EUR4 million reflecting the
support of our existing shareholders and a new strategic shareholder,
Conduit Ventures. Conduit with shareholders such as Shell, Mitsubishi and
Solvay is a renowned venture capital company and an acknowledged expert in
the field of energy storage technologies
As of 31 December 2009, Heliocentris held cash and cash equivalents of EUR
3.9 million (2008: EUR 2.5 million). All figures are unaudited.
Publication of the audited annual financial statements is scheduled for 25
May 2010.
About Heliocentris Fuel Cells AG
Heliocentris Fuel Cells AG is a specialist for clean energy storage
solutions based on a smart combination of batteries, fuel cells and energy
management. Areas of application are mobile and stationary applications
that require longer ranges than current batteries can provide. Examples are
electric vehicles, onboard and emergency power supplies as well as
electricity supply for off-grid applications such as monitoring stations or
energy self-sufficient houses. Heliocentris has been developing and
marketing fuel cell-based energy solutions for more than 10 years now.
Heliocentris initially targeted the training and lab markets as typical
pioneer markets, where it has successfully positioned itself as one of the
worldwide market leaders. Since 2006, Heliocentris has been entering
selected industrial markets with considerable growth potential. With
customers in over 60 countries and a broad distribution and partner
network, Heliocentris is globally well positioned. Heliocentris Fuel Cells
AG is listed at the Frankfurter Wertpapierbörse (Entry Standard) and
employs in total 50 staff with its head office in Berlin and a subsidiary
in Vancouver, Canada. Further 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 Fuel
Cells 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 anyother country.
Press contact:
Dr. András Gosztonyi
CFO / Managing Director
Heliocentris Fuel Cells AG
+49-(0)30-6392-6185
A.Gosztonyi(at)Heliocentris.com
Katja Rinkinen
Senior Consultant
College Hill GmbH
+49-(0)69-133896-12
Katja.Rinkinen(at)collegehill.de
09.03.2010 10:47 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Heliocentris Fuel Cells AG
Rudower Chaussee 29
12489 Berlin
Deutschland
Phone: +49-(0)30 63 92 63 25
Fax: +49-(0)30 63 92 63 29
E-mail: info(at)heliocentris.com
Internet: www.heliocentris.com
ISIN: DE000A0HMWH7
WKN: A0HMWH
Listed: Freiverkehr in Berlin, Stuttgart; Entry Standard in Frankfurt
End of News DGAP News-Service
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