DGAP-News: 3W Power S.A. / AEG Power Solutions / Key word(s): Final Results 3W Power S.A. / AEG Power Solutions: 3W Power/AEG Power Solutions reports unaudited results for Q4 and fiscal year 2015 24.03.2016 / 08:34 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - Year-end orders of Euro 178.6m meets expectations - Revenue of Euro 177.4m in line with guidance - Normalized EBITDA significantly improves; positive in second half - Moderate growth and positive Normalized EBITDA in 2016 Luxembourg / Zwanenburg, The Netherlands - March 24, 2016. 3W Power S.A. (ISIN LU1072910919, 3W9K), the holding company of AEG Power Solutions Group, a global provider of UPS systems and power electronic solutions for industrial, commercial, renewable and distributed energy markets, today announced its results for Q4 2015. Group results

(in Euro million)                12M 2015         12M 2014         Δ in %

Order backlog                        83.3             85.7           -2.8


Orders                              178.6            210.0          -15.0


Revenue                             177.4            203.3          -12.7


Book to Bill                         1.01             1.03


EBITDA                              (9.8)           (12.2)           19.3


EBITDA margin                       -5.6%            -6.0%


Normalized EBITDA                   (4.1)           (17.7)           77.0


Normalized EBITDA margin            -2.3%            -8.7%

(in Euro million)        Q4 2015 Q4 2014 Δ in % Q4 2015 Q3 2015 Δ in %

Order backlog               83.3    85.7   -2.8    83.3    97.2  -14.3


Orders                      41.4    47.6  -13.2    41.4    50.3  -17.8


Revenue                     51.1    57.5  -11.2    51.1    42.2   17.4


Book to Bill                0.81    0.83   -2.2    0.81    1.19


EBITDA                     (2.5)   (5.6)   56.5   (2.5)   (2.6)    3.8


EBITDA margin              -4.8%   -9.8%          -4.8%   -6.2%


Normalized EBITDA            0.5     0.7  -34.8     0.5     0.1


Normalized EBITDA margin    0.9%    1.2%           0.9%    0.2%

AEG Power Solutions finished fiscal year 2015 with Euro 178.6 million in orders and Euro 177.4 million in revenue. Compared to 2014, orders were down 15.0% (2014: Euro 210.0 million) and revenue was down 12.7% (2014: Euro 203.3 million) which is in line with the guidance of Euro 180.0 million. Industrial systems revenue and orders for 2015 were improved compared to 2014. We continue to rationalize our business activities by reducing or exiting loss making, non-strategic businesses. The Oil & Gas, Transportation and Power Generation markets make up 38.2% of the total order value and 36.4% of revenues. Services are 31.7% of the total order value and 30.7% of revenue. Services are concentrated predominantly in Europe with further growth possibilities in Asia Pacific and Africa/Middle East. Order intake was healthiest in Asia Pacific with Africa/Middle East also performing particularly well. Full year 2015 EBITDA of Euro -9.8 million was up 19.3% over 2014 EBITDA of Euro -12.2 million. 2015 Normalized EBITDA, which is EBITDA adjusted for one-time transactions was Euro -4.1 million, up 77.0% compared to Euro -17.7 million in 2014. Reduced costs, improved efficiency and better focus on core strengths significantly narrowed the losses. The Company recognized a goodwill impairment charge of Euro EUR11.2 million completing the write-off of all goodwill that incurred from the AEG PS acquisition by 3W Power SA in September 2009. The result is a net loss of Euro 41.6 million (2015: EURO 7.5 net income). Year-end equity is Euro 7.7 million (2014: Euro 44.0 million). Revenue for Q4 2015 was Euro 51.1 million with a normalized EBITDA of Euro 0.5 million compared to revenue Q4 2014 of Euro 57.5 million with a normalized EBITDA of Euro 0.7 million. The year-end book-to-bill ratio was 1.01 for the Group in 2015. The Group underwent substantial changes in the last two years. The following two tables represent the combined activities for the Group on an adjusted basis eliminating discontinued activities and the effects of partial results from divestments. The purpose is to provide as clean a comparison as possible between fiscal years 2014 and 2015. Industrial Products and Services (IPS)*

(in Euro million)                12M 2015         12M 2014         Δ in %

Order backlog                        83.3             85.7           -2.8


Orders                              178.6            203.4          -12.2


Revenue                             177.4            197.0          -10.0


Book to Bill                         1.01             1.03


EBITDA                              (7.1)            (2.3)


EBITDA margin                       -4.0%            -1.2%


Normalized EBITDA                   (0.5)           (13.3)           96.2


Normalized EBITDA margin            -0.3%            -6.8%

(in Euro million)        Q4 2015 Q4 2014 Δ in % Q4 2015 Q3 2015 Δ in %

Order backlog               83.3    85.7   -2.8    83.3    97.2  -14.3


Orders                      41.4    47.6  -13.2    41.4    50.3  -17.7


Revenue                     51.1    57.5  -11.2    51.1    42.2  -17.4


Book to Bill                0.81    0.83           0.81    1.19  -32.0


EBITDA                     (2.6)   (4.9)   46.4   (2.6)   (1.7)


EBITDA margin              -5.2%   -8.5%          -5.2%   -4.0%


Normalized EBITDA            1.0     0.8   37.6     1.0     0.9   10.0


Normalized EBITDA margin    2.0%    1.3%           2.0%    2.2%

*For the IPS segment, 2015 orders and revenue numbers correspond to those of the Group, historical numbers of 2014 have been adjusted by adding the previous reportable RES and EES Segment, adjusted for the operating results of discontinued operations (sale of Skytron and the Indian subsidiary). Orders and sales in the core industrial UPS business were stable compared to 2014. The drop in orders and revenues come from a managed effort to re deploy resources away from historic business activities that are no longer strategic or were loss making such as DC Telecom. IPS finished fiscal year 2015 with Euro 178.6 million in orders and Euro 177.4 million in revenue. Compared to 2014, orders were down 12.2% (2014: Euro 203.4 million) and revenue was down 10.0% (2014: Euro 197.0 million). EBITDA for IPS was Euro -7.1 million (Normalized EBITDA was Euro -0.5 million), compared to EBITDA of Euro -2.3 million (Normalized EBITDA Euro -13.3 million) for 2014. The Group's cash position was Euro 30.3 million as at 31 December 2015. Orders by geographical area (Annual and quarterly comparison)

(in Euro million)      12M 2015  12M 2014  Δ in %  Q4 2015  Q4 2014  Δ in %

Orders


Europe excl. Germany       69.3      74.2    -6.6     13.0     16.2   -19.8


Germany                    41.2      52.3   -21.2     10.3     15.2   -32.2


Asia                       37.1      35.9     3.2      9.0      5.8    35.5


Africa/Middle East         26.1      33.5   -22.1      6.8      8.7   -21.8


Rest of the world           4.9       7.5   -34.7      2.3      1.7    26.1


Order total               178.6     203.4   -12.2     41.4     47.6   -13.0


Of which Products         122.0     146.8   -16.9     28.4     34.2   -17.0


Of which Services          56.6      56.2    0.71     13.0     13.4    -3.0

Revenue by geographical area (Annual and quarterly comparison)

(in Euro million)     12M 2015  12M 2014  Δ in %  Q4 2015  Q4 2014   Δ in %

Revenue


Europe excl. Germany      64.8      79.0   -18.0     18.0     20.6    -12.6


Germany                   45.4      49.4    -8.1     13.0     15.0    -13.3


Asia                      33.4      40.2   -16.9     10.2     12.3    -17.1


Africa/Middle East        29.0      22.2    23.5      8.1      7.7      4.9


Rest of the world          4.8       6.2   -22.6      1.8      1.9     -5.3


Revenue total            177.4     197.0    -9.9     51.1     57.5    -11.1


Of which Products        123.0     142.4   -13.6     35.6     40.8    -12.7


Of which Services         54.4      54.6    -0.4     15.5     16.7     -7.2

Outlook The breadth of our core offering across multiple industrial markets including transportation, power generation and industrial process is a counter balance to slowdown in other sectors. Our geographical reach gives us an ability to compete on wide basis. And within industrial markets, backup power is always a necessity and stable in all market situations. There are challenges in some sectors in converting orders to revenue and we are experiencing increased competition as firms look to adjust to changing patterns of market demand. This can result in downward price pressure. As such, we will continue to aggressively address both our costs as well as to position our resources to where the opportunities exist. We expect further improvement in 2016, with both like-for-like growth in 2016 and an improvement in profitability. Our medium term goal continues to be double-digit top-line growth and increasing profit margins toward an EBITDA margin of 10%. For further enquiries please contact: Christian Hillermann Hillermann Consulting Investor Relations for 3W Power/AEG Power Solutions Tel.: +49 40 320 279 10 Email: [email protected] --------------------------------------------------------------------------- 24.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: 3W Power S.A. / AEG Power Solutions 19, rue Eugène Ruppert L-2453 Luxemburg Grand Duchy of Luxembourg Phone: +31 20 4077 800 Fax: +31 20 4077 801 E-mail: [email protected] Internet: www.aegps.com ISIN: LU1072910919, DE000A1A29T7, WKN: A114Z9 , A1A29T, Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Munich, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 448597 24.03.2016