Inline with preliminary results, issued in mid-July, Centrosolar posted revenue of €150.5 million, compared with the prior year period of €209.2 million. The very weak demand seen in the second quarter showed on the results as sales were €79.3 million, compared to €124.2 million in same period of 2010.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
Falling prices combined with the costs of expansion in North America and costs of expanding its mounting systems product range, led to a first-half operating loss of €4.9 million, compared with a positive €21.1 million in the first half of 2010. EBIT loss for the second quarter was €5.2 million compared with a positive €12.9 million in the previous year.
Falling cell prices were said to have a positive impact on earnings due to its flexible cell purchasing strategy, while compliance with EU content rules in Italy have led to increased interest in its modules.
