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Singulus still expects loss in 2016 despite strong revenue guidance from major orders

On a regional basis, sales to Asia accounted for 51.4% of total sales, followed by US (30.7%), Germany (7.2%) and Europe (excluding Germany) 9.1%. Sales to Africa and Australia accounted for 1.6% of total sales in 2015.

PV manufacturing equipment specialist Singulus Technologies has recently reported a loss of €34.5 million in 2015, while forecasting a small expected loss in 2016 on sales guided to be in the range of €115 to €130 million, compared to €83.7 million in 2015.

Sales increased 25.3 % in 2015, primarily due to two major orders in its Solar division, while sales in its Optical Disc and Semiconductor divisions sales declined, year-on-year. 

Solar division sales in 2015 accounted for 59.9% of the total (€50.1 million), compared to 22.6% (€15.10 million) in 2014.

On a regional basis, sales to Asia accounted for 51.4% of total sales, followed by the US (30.7%), Germany (7.2%) and Europe (excluding Germany) 9.1%. Sales to Africa and Australia accounted for 1.6% of total sales in 2015.  

Order intake in 2015 increased to €96.6 million, up from €60.6 in 2014. The order backlog at the end of 2015 stood at €26.6 million, compared to € 14.0 million at the end of 2014.    

Singulus still expects loss in 2016 despite strong revenue guidance from major orders

Sales increased 25.3 % in 2015, primarily due to two major orders in its Solar division

Its earnings before interest and taxes (EBIT) were negative €34.5 million, compared to a negative EBIT of €49.1 million in 2014.  The company noted that the exclusion of write-offs and restructuring charges, primarily in its Optical Disc division would have led to a negative EBIT in 2015 of €8.8 million, compared to a negative EBIT of €2.6 million in the previous year.

Singulus had liquidity in the amount of €19 million at the end of 2015. Order backlog at the end of 2015 stood at €26.6 million, compared to €14 million at the end of 2014. 

Guidance

Singulus noted that it expected sales in a range of €115 to €130 million in 2016 and a negative EBIT in the range of €2.0 to €6.0 million and a balanced to slightly positive EBITDA, based on the assumption that extensive orders for production machines convert to orders.

Tags: c-si manufacturing, solar cell, cigs thin film

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