3W Power SA
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Publicatie datum
16 nov 2011 - 08:31
Statutaire naam
3W Power SA
Titel
3W Power/AEG Power Solutions Reports Strong Performance in Q3/2011
Bericht
LUXEMBOURG & ZWANENBURG, The Netherlands--(BUSINESS WIRE)--Regulatory News:
“We are very pleased with our performance during the third quarter 2011. Based on our global go-to market strategy for renewable energy solutions and our technical leadership in power controllers, we successfully continued to drive growth, despite market weaknesses in certain Western European countries”
.AEG Power Solutions (AEX:3WP):
(in € million) Q3 2011 Q3 2010 Change in %
Order intake 102.9 89.7 +14.7%
Revenue 109.2 70.0 +56.0%
EBITDA 17.0 0.8
EBIT (adjusted) 15.2 1.4
•Revenue target for 2011 increased to above 420 million Euro against the backdrop of strong Q3 growth
•EBITDA for Q3 is 15.6% of revenue; above Agenda 2012 target range
•Global positioning in the RES segment for solar solutions and power controllers drives profitable growth of more than 50% y-o-y despite market weaknesses in certain Western European countries
•Agenda 2012 targets remain in place while the Group notes that economic sentiment has worsened in recent months
3W Power S.A., the holding company of AEG Power Solutions (AEG PS), today announced its financial results for the third quarter ended September 30, 2011. The Group revenue for the quarter was 56.0% higher than in the same period in 2010, reaching €109.2 million (2010: €70.0 million). The revenue growth for the quarter was generated by both company business segments: revenue at Renewable Energy Solutions (RES) increased to €62.1 million (2010: €29.4 million) while revenue at Energy Efficiency Solutions (EES) rose to €47.1 million (2010: €40.6 million).
“We are very pleased with our performance during the third quarter 2011. Based on our global go-to market strategy for renewable energy solutions and our technical leadership in power controllers, we successfully continued to drive growth, despite market weaknesses in certain Western Europea
Datum laatste update: 07 februari 2025