Centrotherm reports revenue of €144.4 million in 2016

Facebook
Twitter
LinkedIn
Reddit
Email
Key technology developments are centred on the transfer of its PECVD processes for alumina coating (AlOx) into mass production for PV manufacturers as they move production to high-efficiency PERC (Passivated Emitter Rear Cell) solar cells. Image: centrotherm

PV and polysilicon manufacturing equipment specialist centrotherm photovoltaics reported 2016 revenue at the higher end of previously withdrawn guidance that was pulled on fears of PV manufacturers withdrawing capital expenditure plans when PV demand drastically weakened in China in the second-half of the year. 

centrotherm did not need to panic as 2016 revenue touched €144.4 million, inline with previous guidance of €120 million to €150 million.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The company’s core segment of Photovoltaics & Semiconductor reported sales of €103.6 million, up 31% from €79.3 million in 2015 and helping equipment segment profitability (EBITDA) of €2.8 million.

centrotherm secured new orders totalling €141.8 million in 2016, resulting in new order intake up 55 %, year-on-year. New order intake had been €91.4 million in 2015. The company has since received and announced further new orders in 2017. Net loss for 2016 was €6.0 million.

Jan von Schuckmann, CEO of centrotherm photovoltaics said, “The competitive environment remains challenging for us in all areas in the years ahead. The development of new technologies, flanked by improved productivity, forms the focus of our investments and measures. To this end, we have developed a strategy road map for the next few years that we will be rigorously implementing together.” 

Key technology developments are centred on the transfer of its PECVD processes for alumina coating (AlOx) into mass production for PV manufacturers as they move production to high-efficiency PERC (Passivated Emitter Rear Cell) solar cells. 

Centrotherm noted that production solutions for PERC cell technology were in strong demand. 

The company allocated €8.03 million to R&D activities in 2016, up from €7.35 million in the previous year.

8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
11 March 2025
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

June 19, 2024
Singapore-headquartered solar manufacturer Maxeon Solar Technologies has filed a patent infringement lawsuit against Aiko Solar and its partners in Europe.
June 18, 2024
660GW of solar PV capacity will  be deployed in 2024 as market demand responds to sustained low module prices, according to polysilicon market researcher Bernreuter Research.
Premium
June 18, 2024
The two-pronged attack of vastly growing solar capacity and the shift to n-type technologies has converged to make silver a real pressure point for future solar manufacturing.
June 14, 2024
PV Tech's coverage of the SNEC 2024 trade show continues on day two, kicking off with a discussion with GCL System Integration.
Sponsored
June 13, 2024
Tongwei has continued to increase its investment in HJT cell and module technology and built a green supply chain for its PV cells.
June 11, 2024
The price of solar PV modules has hit bottom in the US, in response to the latest antidumping and countervailing duty (AD/CVD) petition and solar tariffs.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia