DGAP-Ad hoc: Heliocentris Energy Solutions AG

DGAP-Adhoc: Heliocentris Energy Solutions AG adjusts forecast for 2016

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.

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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 ---------------------------------------------------------------------------