centrotherm photovoltaics first half year sales up 54% at €428.6 million

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

Strong demand for single equipment systems dominated revenue generation for centrotherm photovoltaics in the first-half of 2011. The major PV equipment supplier reported revenue of €428.6 million, up 54% compared to the first-half of 2010, when sales reached €278.3 million. Operating profits (EBIT) were up 57.2 % at €53.2 million, while its Solar Cell & Module division accounted for the biggest share of revenue on the back of record figures, contributing about 89% of sales and generating an EBIT margin of 21.4 %. centrotherm photovoltaics, Thin Film segment continued making a loss. The company’s Silicon & Wafer segment saw sales fall due to various projects completed in the same period.

“In the first six months of this year, we have profited from strong demand which is clearly reflected in our Group figures,” commented Dr. Thomas Riegler, CFO of centrotherm photovoltaics AG. “Sales were driven predominantly by single systems which accounted for 86.1 % of sales revenues – that‘s more than four fifths – especially in the Solar Cell & Module segment.”

The Solar Cell & Module segments record sales actually doubled to €382.0 million, compared to the same period a year ago. This segment contributed 89.1 % of consolidated turnover with an operating profit (EBIT) up 93.4 % at €81.7 million. The EBIT margin was 21.4 %, down from 23.4 % in the first-half of 2010.

Orders on hand in the Solar Cell & Module segment stood at €444.9 million, down from €513.8 million as of December 31, 2010.

The Silicon & Wafer segment sales were down due to several major projects being brought to completion at the same time, according to the company. Sales were reported at €33.9 million, compared to €90.7 million in the same period in 2010, generating a loss of €15.8 million.

However, in the second-half of the year, centrotherm photovoltaics, expects a positive contribution to revenue and profit from a major polysilicon project in Qatar.

Orders on hand in this segment stood at €243.4 million as of June 30th, 2011, only slightly down from €277.1 million reported for December 31, 2010.

In the Thin Film segment centrotherm photovoltaics generated sales revenues of €12.7 million, compared to €7.2 million in the same period a year ago. Earnings (EBIT) was said to have developed in line with expectations, improving to a negative €12.6 million, compared to €16.2 million in the first-half of 2010.

Overall order backlog stood at €715.2 million, down from €843.8 million as of December 31, 2010. Orders received in the first six months amounted to €344.5 million, compared to €353.3 million reported in the first-half of 2010.

“Both the market in general and our customers in particular recognize our technological strengths and our competence all along the solar value chain. With this in mind we are confirming our forecast for financial year 2011 with sales rising to between €690 and €710 million and an EBIT margin in the low double-digit range,” commented, Robert M. Hartung, CEO and Management Board Chairman of centrotherm photovoltaics AG.

Recently, centrotherm photovoltaics noted that it had identified significant demand from solar cell manufacturers, demanding or technology pushing higher efficiencies. The company had noted a potential market value of over €1 billion by the end of 2012.

centrotherm touted its selective emitter technology could increase the efficiency of monocrystalline solar cells up to 0.4% to reach an efficiency level of well over 18%. If its ‘centaurus’ rear side technology was also used, efficiencies could reach the 19% range.

28 September 2021
Solar Solutions International is the largest trade show for solar energy in Northwest Europe. Now the solar market has grown up, it's time for the next step. Solar Solutions International displays more than 500 innovations and over 100 practical seminars concerning the latest in energy storage, smart products, and an ever evolving array of solar panels. As an exclusively B2B trade show, Solar Solutions International offers both exhibitors and visitors the chance to network at the highest level. Duurzaam Verwarmd, the largest trade show for sustainable HVAC technology in the Benelux, is held simultaneously. This way your one visit gets you up to date with all of the developments in both sustainable energy and heating.
6 October 2021
Intersolar Europe is the world’s leading exhibition for the solar industry. It takes place as part of The smarter E Europe – the continent’s largest platform for the energy industry. Under the motto “Connecting solar business,” manufacturers, suppliers, distributors, service providers and project planners and developers from around the world meet in Munich every year to discuss the latest developments and trends, explore innovations firsthand and meet potential new customers.
6 October 2021
The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.
18 October 2021
Intersolar South America, South America’s largest exhibition and conference for the solar industry, takes place at the Expo Center Norte in São Paulo, Brazil on October 18–20, 2021, and has a focus on the areas of photovoltaics, PV production and solar thermal technologies. At the accompanying Intersolar South America Conference, renowned experts shed light on hot topics in the solar industry.
19 October 2021
This year’s EV World Congress will hold a special role, not only as the first live EverythingEV event in over a year – a chance to renew your connections and re-engage with the EV sector face to face – but also as a chance to share insight and inspiration as world starts to look towards move on post COVID towards hitting ambitious decarbonisation goals in 2030 and beyond. As ever, we will be bringing world leading organisations, cities, and technology providers to the UK to inspire EV innovators, and delve into the challenges facing the sector as the UK looks to revolutionise road transport.
20 October 2021
Utility-scale solar is evolving, shaped by higher power modules and demand for increasingly lower levelised cost of electricity (LCOE). Those trends are also changing project requirements elsewhere, with inverters capable of delivering high power density and power capacity in strong demand. In this webinar, FIMER will detail how its innovative high-power, multi-MPPT string inverter and modular conversion solution can both meet those demands and transform the utility-scale solar sector for the better.

Read Next

September 24, 2021
Independent power producer Catalyze has acquired commercial and industrial (C&I) solar developer Sol Alliance, expanding its presence in the northeast of the US and taking on an 80MW project development pipeline in the process.
September 24, 2021
California Governor Gavin Newsom has signed a US$15 billion package to fund programmes to tackle drought and climate change in the state
PV Tech Premium
September 24, 2021
Concerns have been raised that new measures introduced by Spain’s government to limit windfall profits of renewable energy plants could dent investor confidence and impact the stability of the country’s solar sector.
September 24, 2021
DNV-owned solar monitoring firm GreenPowerMonitor is to integrate Alteso’s solar analytics tech platform into its offering after striking a deal to acquire it.
September 23, 2021
A project that bids to combine up to 20GW of solar PV with the world’s largest energy storage battery and a 4,200km-long subsea power cable has moved a step forward after Indonesian authorities greenlit its proposed transmission cable route.
September 23, 2021
US national residential and C&I solar plant performance assessment company Omnidian has completed a US$33 million Series B raise.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK
Solar Media Events
December 1, 2021