centrotherm photovoltaics expects 40%-plus revenue growth in 2009

Facebook
Twitter
LinkedIn
Reddit
Email

One of the largest diversified equipment and service providers to the photovoltaics industry, centrotherm photovoltaics AG, posted an increase in revenue for 2008 of over 125% to reach €374.7 million compared to €166.2 million in 2007. Order backlog stands at €990.2 million at the end of 2008, of which the company expects to convert 60% into revenue this year. Total revenue guidance was set between €500 million and €550 million for 2009, potential growth of over 40% year-on-year.

“We achieved all the growth objectives we had set ourselves for 2008,” commented Robert M. Hartung, CEO of centrotherm photovoltaics AG. “However, there are further reasons why last year was a successful one for us, despite the global financial and economic crisis. The acquisition of some specialist providers allowed us to consistently implement our strategy of integrating key equipment and technology into the Group, which secures us access to key technologies, and helps us recruit globally recognized engineering and technology experts.”

This article requires Premium SubscriptionBasic (FREE) Subscription

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

The sales success was partially attributed to the company’s expansion overseas, establishing service and sales locations in Taiwan, the USA and Italy during 2008.

centrotherm photovoltaics said that in the first three months of the year, it had already signed orders from Asia and Europe with a total volume of around €390 million.

Read Next

September 12, 2025
German trade association BSW-Solar has called the German government for a simplified, standardised and more digitalised grid access for solar PV and energy storage operators.
September 12, 2025
ACME Venus Urja has secured INR3.8 billion (US$43 million) to develop and construct a solar-plus-storage project in Barmer, Rajasthan.
Premium
September 12, 2025
Vote Solar's Sean Garren tells PV Tech Premium that Georgia Power's latest IRP is 'skewed so heavily towards fossil fuels'.
September 11, 2025
Founder Group has won a RM10 million (US$2.3 million) engineering, procurement, construction and commissioning contract for a 30MW solar plant in Malaysia.
September 11, 2025
German renewable energy developer ib vogt has signed a 70MW solar PV virtual power purchase agreement (vPPA) in Romania.
September 11, 2025
Madison Energy Infrastructure has raised US$800 million to accelerate the deployment of clean energy assets across the US. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines