Company Profile For Conergy AG

Conergy AG is a Germany-based global manufacturer of products for the solar power generation, operating in two business segments: Conergy PV and EPURON. The Conergy PV segment is divided into two divisions: Components, developing and manufacturing system components, such as solar cells, solar modules, module frames and electronic components, and Sales & Systems, distributing the products to wholesalers, installers and final customers. The activities of EPURON segment encompass project development and structured financing in the field of renewable energies, through a number of subsidiaries. EPURON develops, finances and implements solar farms, as well as solar thermal power plants and bioenergy systems, mainly for institutional investors. In addition to Conergy AG, as the parent, the Conergy Group encompasses 67 subsidiaries.

BRIEF: For the nine months ended 30 September 2009, Conergy AG's total revenue decreased 53% to EUR399.2M. Net loss from continuing operations decreased 19% to EUR78.6M. Total revenues reflect a decrease in demand in the Conergy PV business segment, as well as in the Germany and Rest of the World geographic segments. Lower net loss from continuing operations reflects lower other operating expenses and lower financial expenditures as well.