| The management board of Photon Energy on 18 November announces a revision of its financial projections for the full-year 2009 as follows: Previous projections Installed capacity 5.5 MWp Revenues CZK 792 million Net profit CZK 68 million EPS CZK 2.96 New projections Installed capacity 3.6 MWp Revenues CZK 510 million Net profit CZK 68 million EPS CZK 2.96 Due to a shift of PV projects previously planned for construction in 2009Q4 the company will install 1.9 MWp less than originally planned and projects revenues approximately 35% lower. Most importantly, Photon Energy reconfirms its net profit projection of CZK 68 million for the full-year 2009. A combination of the company\'s cost control, favourable market conditions and a strong performance by Photon Trading enable the company to increase its margins above forecast levels. The PV projects subject to delay are scheduled to be built in 2010 Q1. Please add Legal basis: § 3 ust.1. of the Appendix 1 to Resolution No. 363/2009 of the Warsaw Stock Exchange Management Board dated 27 July 2009 "Current and Periodical Information in the Alternative Trading System". |
| Data | Imię i Nazwisko | Stanowisko | Podpis | ||
| 2009-11-18 09:33:13 | Michal Gartner | Chairman of the Board of Directors | |||
| 2009-11-18 09:33:13 | Georg Hotar | Vice-chairman of the Board of Directors |
