Vacuum and high-temperature-based systems supported revenue increases in 2011 at equipment supplier, PVA TePla while sales to the solar sector declined, year-on-year. The company reported preliminary full-year 2011 revenue of €132.6 million, up from €120.4 million in 2010.
Solar Systems division sales declined to €26.3 million, compared to €58.1 million in 2010. PVA TePla noted that revenue in the segment was essentially related to an order received in April 2011 for monocrystalline silicon crystal equipment from a customer in Asia. New orders in the Solar Systems segment were €28.9 million, compared to just €10.1 million in the previous year.
However, the company also received US$2.7 million in payments from Hoku Materials for slim rod pullers and float zone crystal pullers for its first polysilicon plant, expected to finally start production in 2012. In total, the company had orders worth US$6.6 million from Hoku, according recent SEC filings by the polysilicon producer.
PVA TePla has been impacted by the overcapacity in the polysilicon and wafer sectors as well as weak demand for monocrystalline solar wafers.
The equipment supplier also guided an EBIT of over 10% for 2011. The company expects consolidated sales revenue in 2012 to be in the range of €120-€130 million million with an EBIT margin of 8%-10%.