Heliocentris Energy Solutions AG / Key word(s): Change in Forecast 31.08.2016 19:45 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad-hoc notification as per section 17 of the Market Abuse Regulation (MAR) 31 August 2016, 6:10 p.m. CET Heliocentris Energy Solutions AG adjusts forecast for 2016 Berlin, 31 August 2016 - Heliocentris Energy Solutions AG (ISIN DE000A1MMHE3) has adjusted its forecast for the 2016 financial year. The Management Board anticipates sales of only EUR 10 million to EUR 12 million for the 2016 financial year (previous forecast: EUR 20 million to EUR 25 million). Despite the restructuring measures that have been initiated, the Management Board expects earnings for 2016 to be approximately at the previous year's level due to the shortfall in profit contributions from sales (previous forecast: improvement in earnings). The reason for the adjustment of the forecast is that incoming orders for turnkey solutions continue to fall short of expectations, in particular in Myanmar where the planned network extension has suffered significant delay due to the change in government. In the first half of 2016, Heliocentris Group achieved sales of EUR 2.6 million based on the provisional figures (previous year: EUR 5.6 million). EBITDA achieved in the first half of 2016 is set to be EUR -8.2 million (previous year: EUR -7.9 million). EBIT and net result in the first half of 2016 have not yet been finalised, as the necessary depreciation calculations are still to be determined in ongoing impairment tests. Against this backdrop, the Management Board of the company has introduced further cost reduction measures and is currently working on measures to promptly strengthen liquidity and equity. - End of the ad-hoc notification - Note: "EBITDA" is a financial ratio calculated on the basis of the result of the period before interest and other financial income and expenses, taxes, depreciation of tangible and amortisation of intangible assets. Contact Heliocentris Energy Solutions AG Rudower Chaussee 29 12489 Berlin, Germany Phone: +49 (0)30 340 601 500 Fax: +49 (0)30 340 601 599 IR@Heliocentris.com 31.08.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Heliocentris Energy Solutions AG Rudower Chaussee 29 12489 Berlin Germany Phone: +49 (0)30 340 601 500 Fax: +49 (0)30 340 601 599 E-mail: ir@heliocentris.com Internet: www.heliocentris.com ISIN: DE000A1MMHE3 WKN: A1MMHE Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Heliocentris Energy Solutions AG adjusts
Top 10 Most Recent News Articles
Luxury Vinyl Tiles Market Set for Steady Growth to 2031
Luxury Vinyl Tiles: A Market on the Rise Well, folks, the flooring game is picking up steam, and luxury vinyl tiles (LVT) are in the spotlight. With consumers and businesses all looking for something durable yet easy on the eyes and wallet, LVT is answering the call. MarketsandMarkets™ reports that this sector is expected to balloon from USD 18.22 billion in 2026 to USD...
Continue Reading
Windward Expands Maritime Scope with Azimut.ai Deal
An Invincible Maritime Shield When it comes to maritime intelligence, Windward just pulled a fast one. In a market where staying ahead of the game is like playing three-dimensional chess, they've snatched up Azimut.ai. This ain't some small fry; it's a visual intelligence firm poised to shore up Windward's grip on the elusive maritime world. Charting New Waters with...
Continue Reading
Lumentum Holders Question Marvell Deal Fairness: Legal Eyes
What's Brewing with Lumentum and Marvell? There's no denying the chatter on Wall Street when there's a potential shake-up, especially with a big merger at stake. We're staring down the barrel of an investigation concerning Lumentum Holdings Inc. (NASDAQ: LITE) and Marvell Technology, Inc.'s deal. The M&A Class Action Firm, helmed by Juan Monteverde, is the name leading...
Continue Reading
Tellus Offers Seamless Security with Passkey Sign-In
Tellus Brings a New Era of Convenience Even the most innovative, forward-thinking companies occasionally have to change step to keep up with the relentless march of technology. That's what Tellus App, Inc., a proptech company from Silicon Valley, is doing with its latest announcement to offer passkey sign-ins for its savings app across iOS, Android, and the web. In...
Continue Reading
Sunrate's Bold Move: New Payment Bond with Netstorming
Sunrate Joins Forces with Netstorming When two industry powerhouses shake hands, it's wise to sit up and listen. Sunrate, the global whiz in payment solutions, has linked arms with Netstorming, a tech-savvy pioneer in the travel sector. This ironclad partnership was announced at World Travel Market London 2026. Owners of travel businesses should take note: things are...
Continue Reading
Latham's Strategic Growth with 70 New Counsel Roles
Grit Meets Growth at Latham & Watkins There's grit, then there's growth, and Latham & Watkins seems hell-bent on showcasing both. Promoting 70 associates to the rank of counsel is no small feat, folks. This ain't your run-of-the-mill law firm shuffle; it's a calculated expansion with teeth. Effective January 1, 2027, these promotions will rope in legal heavyweights from...
Continue Reading
Fire Pro Shop Tackles Lumber Mold With New Campaign
Addressing Mold Where It Matters Lumber, my friends, has always been at the mercy of the elements. Rain, snow, and everything in between turn it into a sponge, especially during construction, and that's a mold risk that sneaks up faster than a bear market dive. Fire Pro Shop’s latest baby, the Snap-Plate Mold Defender, isn’t just another product—it’s a savior for...
Continue Reading
HikTech Star Tour Highlights Co-Innovation at Hikvision
Innovation Meets Collaboration at HikTech Star Tour Ever been to one of those tech expos that's more about hype than substance? No smoke and mirrors here. The 2026 HikTech Star Tour wasn’t your run-of-the-mill tech meet-up. Held in Hangzhou, the event brought together 130 tech professionals from 56 countries. It’s like a digital United Nations, but with fewer speeches...
Continue Reading
CFDA Fashion Awards: Stars Align for High-Stakes Night
A Night of Glamour and Recognition Fashion's upper crust pulled out all the stops at the 2026 CFDA Fashion Awards, presented by Amazon Fashion. Amidst glittering gowns and sharp tuxedos, recognition was the order of the night at an event held at the American Museum of Natural History. What you got was an industry tip of the hat to the visionaries pushing boundaries in...
Continue Reading
Qapture's Institutional Stablecoin Venture Unveiled
Stablecoin Strategy Meets Institutional Investment Here's a fresh one from the digital asset universe. We're talking about Qapture Investments' bold move to launch an institutional-grade stablecoin yield strategy. This ain't your average kitchen table crypto chat—it's the Qapture Safe Haven Vault (QHVN-USD), tailored for those looking to get a better return on their...
Continue ReadingTop 5 Most Recently Viewed Articles
Mobilizing for Equality: Texas AAPI Community Stands United
Mobilizing for Equality: Texas AAPI Community Stands United Communities across Texas are coming together in a powerful display of solidarity against discriminatory Senate Bill 17 (SB 17) and House Bill 17 (HB 17). Both pieces of legislation propose to ban or severely restrict real estate ownership for certain foreign nationals, all while cloaked in the guise of protecting...
Continue Reading
Duke Energy Foundation's Commitment to Community Resilience Grows
Duke Energy Foundation's Commitment to Community Resilience Duke Energy Foundation, along with Duke Energy, has made a significant impact by investing over $33 million in nonprofit organizations. This funding supports efforts aimed at enhancing community resilience, emergency preparedness, and disaster relief activities. The partnership extends across multiple states,...
Continue Reading
eCential Robotics Announces New Leaders to Boost Growth in US
eCential Robotics Welcomes New Leadership to Accelerate Growth in the U.S. eCential Robotics, an innovator in surgical robotics, is thrilled to announce the recent appointments of Lisa Jacobs as President for North America and Matthieu Ville as Vice President of Marketing. These strategic hires are designed to bolster the company's growth and innovation efforts in the...
Continue Reading
Michelin's Latest Share Buyback Update Everyone Should Know
Understanding Michelin's Share Buyback Program Michelin, a leader in tire manufacturing and innovation, is continuously taking steps to enhance its shareholder value. Investors often look for tangible actions reflecting a company's commitment to their financial growth. One of the most significant methods companies utilize to support their stock price and return capital to...
Continue Reading
InterDigital Boosts Third Quarter Forecast Following License Deal
InterDigital's Promising New License Agreement and Q3 Outlook Smartphone Licensing Agreement Enhances Revenue Predictions Recently, InterDigital, Inc. (Nasdaq: IDCC), a prominent player in the mobile technology field, announced an exciting update that significantly alters its revenue expectations for the third quarter. The company has secured a major licensing agreement...
Continue Reading