euro adhoc: quarterly or semiannual financial statement / centrotherm photovoltaics quadruples revenue
15.05.2008
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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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15.05.2008
* First-quarter 2008 revenue: EUR 67.7 million
(previous year: EUR 15.5 million)
* EBIT: EUR 8.5 million (previous year: EUR - 38,000)
* Record level of order books: EUR 677.4 million
Blaubeuren, May 15, 2008 - centrotherm photovoltaics AG has expanded its
national and international business in the photovoltaics market. The provider of
technology and services for manufacturers of solar cells and solar silicon has
almost quadrupled its revenue to EUR 67.7 million in the first three months of
2008 compared with the previous year period. Total output leapt to EUR 68.0
million compared with EUR 16.8 million in the first quarter of 2007. Operating
earnings (EBIT) rose to EUR 8.5 million (previous year: EUR - 38,000). The EBIT
margin relative to total output of 12.5 percent was also significantly above the
previous year's level (-0.2 percent).
The order book of EUR 677.4 million as of March 31, 2008 underpins the company's
growth objectives. The Management Board is consequently retaining its revenue
forecast for the full year 2008 of EUR 330 million to EUR 350 million, and an
EBIT margin of at least 12.5 percent.
=--- End of the ad hoc announcement ----
Additional information:
"In the first three months we managed to continue the success we achieved in the
2007 business year," commented Oliver Albrecht, CFO of centrotherm photovoltaics
AG. "Our new 'solar silicon' division is growing particularly well. We have
already won two major orders in the first quarter, including the largest single
order in the history of our company. This order is for the supply of reactors
and converters for the production of around 5,000 tons of polysilicon.
Photovoltaics is, and remains, a growth market, and we will exploit the
opportunities and potential it offers."
The quarterly report can be downloaded in both German and English from the
company's website at www.centrotherm-pv.de under the Investor Relations menu
item.
About centrotherm photovoltaics AG
centrotherm photovoltaics AG is an internationally leading provider of
technology and services for the production of solar cells and solar silicon. The
broad product spectrum comprises key equipment and turnkey production lines for
crystalline and thin-film solar cells. The product range is supplemented by
reactors and converters for the manufacturing of solar silicon. Business
operations currently focus on the growth market of Asia. The international
customer base includes leading companies from the solar sector. The company,
which is based in Blaubeuren near Ulm, currently employs a workforce of over 330
members of staff.
end of announcement euro adhoc
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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
=-------------------------------------------------------------------------------
15.05.2008
* First-quarter 2008 revenue: EUR 67.7 million
(previous year: EUR 15.5 million)
* EBIT: EUR 8.5 million (previous year: EUR - 38,000)
* Record level of order books: EUR 677.4 million
Blaubeuren, May 15, 2008 - centrotherm photovoltaics AG has expanded its
national and international business in the photovoltaics market. The provider of
technology and services for manufacturers of solar cells and solar silicon has
almost quadrupled its revenue to EUR 67.7 million in the first three months of
2008 compared with the previous year period. Total output leapt to EUR 68.0
million compared with EUR 16.8 million in the first quarter of 2007. Operating
earnings (EBIT) rose to EUR 8.5 million (previous year: EUR - 38,000). The EBIT
margin relative to total output of 12.5 percent was also significantly above the
previous year's level (-0.2 percent).
The order book of EUR 677.4 million as of March 31, 2008 underpins the company's
growth objectives. The Management Board is consequently retaining its revenue
forecast for the full year 2008 of EUR 330 million to EUR 350 million, and an
EBIT margin of at least 12.5 percent.
=--- End of the ad hoc announcement ----
Additional information:
"In the first three months we managed to continue the success we achieved in the
2007 business year," commented Oliver Albrecht, CFO of centrotherm photovoltaics
AG. "Our new 'solar silicon' division is growing particularly well. We have
already won two major orders in the first quarter, including the largest single
order in the history of our company. This order is for the supply of reactors
and converters for the production of around 5,000 tons of polysilicon.
Photovoltaics is, and remains, a growth market, and we will exploit the
opportunities and potential it offers."
The quarterly report can be downloaded in both German and English from the
company's website at www.centrotherm-pv.de under the Investor Relations menu
item.
About centrotherm photovoltaics AG
centrotherm photovoltaics AG is an internationally leading provider of
technology and services for the production of solar cells and solar silicon. The
broad product spectrum comprises key equipment and turnkey production lines for
crystalline and thin-film solar cells. The product range is supplemented by
reactors and converters for the manufacturing of solar silicon. Business
operations currently focus on the growth market of Asia. The international
customer base includes leading companies from the solar sector. The company,
which is based in Blaubeuren near Ulm, currently employs a workforce of over 330
members of staff.
end of announcement euro adhoc
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