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Record quote levels as the global economy emerges from recession; recovery gaining strength in Asia, recovery in Europe and North America slightly more subdued
Order backlog at the end of Q1 2010 stands at €188 million which is 37% higher than compared to the end of Q1 2009
New contracts signed for nuclear power plant, Power Control system for traditional manufacturer of polysilicon Q1 revenue and profit are down year on year by 50% and 90%, respectively, reflecting the late cyclicality of business operations
Germany1 Acquisition Limited (“ Germany1” Euronext: “GAL1 S”), the holding company of AEG Power Solutions, today announced the approval of the resolutions of the Shareholder meeting of April 9.
Full-year 2009 revenue rose 17%1 to €399.4 million
2009 adjusted EBITDA increased 42%1 to reach €85 million
Adjusted net profit also up 42%1 to €42.2 million in 2009
Company positioning itself to benefit from growth in market for renewable energies and its development of applications to enable the smart grid
2010 to be a transitional year, with results reflecting late-cycle position within the value chain
Leading indicators supporting definitive recovery in polysilicon demand for solar energy needs
AEG Power Solutions, a global player in industrial power electronics, strengthens its position as a solutions provider for megawatt utility-scale photovoltaic (PV) power plants with the purchase of a majority stake in skytron energy. Founded in 1996, Berlin-based skytron provides leading-edge metering, monitoring and supervision solutions to companies in engineering, procurement and construction (EPCs), as well as to independent power producers (IPPs).