Plunge in crystal-growing systems orders impacts 2009 results at PVA TePla

Silicon crystal-growing systems specialist PVA TePla saw plunging new orders in 2009, as customers reigned in capital spending and cut production in the first half of the year. The company reported consolidated sales revenues of €135 million in 2009, compared to €168.6 million in the previous year. Incoming orders decreased from €189.9 million in 2008, to only €69 million in 2009. Consolidated sales revenues were below the forecasted figure due to delivery extensions to 2010 requested by some customers.

Its Solar Systems division completed two orders to supply crystal-growing systems for European customers and generated €57 million in sales in 2009.

However, sales are not expected to recover in 2010. PVA TePla guided that consolidated sales revenues would be approximately €120 million this year, down from €135 million in 2009.

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