Further increases in power revenue in first half of 2012

Edisun Power Europe Ltd. improved all key figures in the first half of 2012 compared to the same period in the previous year. This includes an increase in revenue from power sales of 16% to CHF 3.923m, thanks to three new plants in France with a capacity of 2.1 MW, which went online at the end of last year. Earnings before interest and taxes (EBITDA), at CHF 2.178m, are 27% greater than the previous year’s period (1H 2011: CHF 1.719m), while operational earnings (EBIT) were improved by 26% to CHF 0.737m (1H 2011: CHF 0.584m). Despite the greater write offs and tax burdens associated with the new facilities, net loss was reduced sharply, by 50%, to CHF -0.191m (1H 2011: CHF -0.384m).

Rainer Isenrich, CEO of Edisun Power Europe Ltd., notes: «Edisun Power has developed very positively in terms of all relevant figures. This confirms that the progress in revenue made by our young portfolio, despite the burden of interest due, is successfully sustainable going forward. Thanks to high liquidity and a number of interesting projects under consideration at the moment, Edisun Power will continue to expand its investment portfolio as soon as this fall.»

The 2.2-MW facility on Mallorca that went online in July 2012 will further accelerate revenue growth in the second half of 2012. All in all, in view of the typically lower solar power yields during the fall and winter months and assuming a stable Euro exchange rate, Edisun Power is expecting just a slightly negative annual result for the whole of 2012.

Media Contact:
Edisun Power Europe AG Universitätstrasse 51 8006 Zürich ZH Tel: 044 266 61 20 Fax: 044 266 61 22

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