Sales rose to €12.2m($15.8m) in the first three months, from €9m a year earlier, as a loss inearnings before interest and taxes (ebit) widened to €2.5m from €1.1m in thefirst quarter of 2012.

“Based on our prospects,we confirm our forecast of a cumulated ebit of €60m-72m for the yearsfrom 2011-2013 and, based on our well-filled project pipeline, we alsoanticipate high income levels from our project development work beyond thistime period,” says chief executive Martin Billhardt.

With