PVA TePla lowers revenue forecast on delayed processing of solar related order

Facebook
Twitter
LinkedIn
Reddit
Email

Crystal-growing equipment specialist, PVA TePla has lowered its sales forecast for the year after experiencing a delay in a PV equipment order processing.

The company said that according to the percentage-of-completion (PoC) method in line with IFRS accounting standards, the order was originally expected to be booked as sales revenue in the fourth quarter of 2013. However, this has now been delayed to sometime in 2014.

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

As a result, PVA TePla has lowered its 2013 revenue forecast to between €60 million – €65 million, compared to previous guidance of €75 million to €85 million.

The company said that it expected to generate a loss for the year of between €9 million – €10 million, compared to a slight profit.

However, business projections for 2014 would seem to be improving for the equipment supplier as it noted that it expected revenue to be in the range of €90 million-100 million. The company said that its order backlog already accounted for 60% of expected sales revenue in 2014.

Read Next

September 10, 2025
Japanese solar cell manufacturer Toyo Solar has sold 1.6GW of solar PV cells in the first half of 2025, driving revenue of around US$139 million.
September 10, 2025
The CEFC has said that a coordinated approach to transmission in Pilbara, Western Australia, could save more than AU$30 billion over 25 years.
September 9, 2025
Iberdrola has signed a 77MW power purchase agreement (PPA) with Italian grocery retail group Selex Gruppo Commerciale.
September 9, 2025
Nautilus and Summit Ridge Energy secured major financing deals to expand community solar projects across multiple US states.
September 9, 2025
The US is forecast to reach between US$55-60 billion in clean energy tax credit monetisation in 2025, according to a report from clean energy financing technology platform Crux.
September 9, 2025
The average price of solar modules sold in Europe fell marginally between July and August, while buyers’ confidence remained steady.

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