DGAP-News: Global EcoPower S. A.: Financial results

DGAP-News: Global EcoPower S. A. / Key word(s): Final Results
Global EcoPower S. A.: Financial results

26.05.2011 / 08:30

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GEP achieved in 2010 a turnover of 107 kEUR. This turnover was calculated
according to the work completion on 31st December 2010 of the two turnkey
contracts sold to Leonidas group late 2010. The major part of the 32 mEUR
turnover of these two contracts will thus be recorded on the fiscal year
2011.

 The operating result establishes a loss of 1 047 ke against a loss of
884 kEUR in 2009.

In the absence of any banking debts, the financial result is essentially
represented by interests on current accounts. It amounts to - 162 kEUR,
against - 41 684 kEUR the previous exercise.

The net result amounted to - 1 210 kEUR against - 42 588 kEUR the previous
year.

The shareholder's equity represented 36 212 ke on December 31st, 2010,
against 37 379 kEUR on December 31st, 2009.

Philippe Perret, Executive Vice President of GEP declared: « The
construction of our first two photovoltaic power plants will impact the
accounts of GEP in the fiscal year 2011»


End of Corporate News

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