A new equipment investment cycle for PV manufacturers is boosting quarterly sales for Roth & Rau. New order intake in the first quarter increased 22.5% to €55.8 million, compared to €45.5 million in the previous quarter. Due to long lead times in its project business, the first-quarter revenue continued to be affected by the poor order situation in the second and third quarters of 2009, resulting in revenue declining to €35.32 million.
However, Roth & Rau said that its order backlog continued to grow, reaching €225.3 million at the end of the quarter. The company said that it had also received letters of intent for orders worth €497.25 million.
Roth & Rau also expects to see positive momentum from the introduction of its CdTe turnkey production lines.
“We will consistently pursue our strategic objectives in the current financial year, focusing on the development and market launch of high-efficiency technologies,” noted Dietmar Roth, CEO of Roth & Rau. “The implementation of our technology roadmap and ongoing integration of our new subsidiaries will help significantly strengthen our market position. We are thus optimally prepared for the forthcoming upturn.”