Centrotherm books over €40 million in solar manufacturing equipment orders

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
The equipment company also reported preliminary 2015 revenue of approximately €139 million.

Solar PV and polysilicon manufacturing equipment specialist centrotherm said it has booked over €40 million in solar and semiconductor manufacturing equipment orders in the first two months of 2016. 

The company is well known for its range of thermal diffusion furnaces used in solar cell processing, a key area of current capacity expansions, detailed in PV Tech’s ongoing analysis of technology and capacity trends. 

The equipment company also reported preliminary 2015 revenue of approximately €139 million, down significantly from previous revenue guidance of €150 million to €200 million. Centrotherm had previously reported first half revenue €85.9 million, compared to €78.09 million (US$86.4 million) in the prior-year period. PV sales in 2014 were €90.6 million, up from €70.1 million in 2013. 

Centrotherm said that the revenue miss was “mainly attributable to the revaluation of a major project of subsidiary SiTec GmbH as part of auditing the financial statements, as well as due to a lack of new business in the Silicon segment”.

The major SiTec project cited is believed to be the new polysilicon plant project in Qatar for Qatar Solar Technologies (QSTec), which has separately announced the 8,000MT facility is nearing completion and production is expected to ramp later in 2016. 

However, in recent months, QSTec has become a major investor in centrotherm and a major investor in SolarWorld since the company restructured. 

Cost savings at centrotherm combined with increased revenue over 2014 did produce a preliminary, earnings before interest and tax (EBIT) amount of approximately €19 million. The company had previously guided a ‘breakeven’ scenario for 2015.

Full-year results are expected to be released on April 28, 2016.

Read Next

PV Tech Premium
May 11, 2022
PV Tech Premium speaks with BIPV company SunStyle about their expansion into the US market and how they believe the time is right for the technology in the US.
May 3, 2022
Solar polysilicon, wafer and cell prices have all risen once again in the past week as demand continued to outstrip supply, with COVID-19 lockdowns in China continuing to disrupt the value chain.
PV Tech Premium
May 3, 2022
Last week saw yet another price increase from some of the solar industry’s largest manufacturers, continuing a trend that has placed some of the sector’s largest providers under heightened margin pressure and PV project developers the world over under strain.
April 29, 2022
JinkoSolar has increased its PV manufacturing capacity expansion plans for 2022 once again in spite of margin pressure affecting its bottom line, citing accelerating demand in Europe and beyond.
April 27, 2022
Both GCL Technology and Daqo New Energy have leapfrogged Wacker Chemie in Bernreuter Research’s annual polysilicon top ten rankings, completing a China-based top three.
April 27, 2022
Solar polysilicon and cell manufacturer Tongwei has stated plans to significantly increase its manufacturing capacity over the next four years after confirming a six-fold increase in net profit in Q1 2022.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
October 4, 2022
New York, USA