SiNA 2 start-up difficulties, delivery push-outs and cancellations impact Roth & Rau revenue in 1H

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

Roth & Rau said that delays in the final acceptance of its new SiNA 2 antireflective coating equipment, which were caused by start-up difficulties, led revenues to fall more than expected in the first half of the year. The company also cited equipment delivery push-outs and order cancellations due to weak demand as reasons for the weaker results. Roth & Rau generated sales of €92.8 million in the first half of 2011, compared to €118.8 million in the prior year period. The company had an EBIT loss of €24.4 million.

“The order situation has cooled off noticeably since June 2011,” commented Dietmar Roth, CEO of Roth & Rau AG. “We expect the subdued demand for production equipment, particularly for use in the manufacture of crystalline silicon solar cells in our core markets, to continue in the coming months. New high-efficiency technologies are currently being developed in the field of cell production, a further reason for our customers’ current reluctance to invest. We therefore expect positive momentum from the market launch of our latest products in the fields of heterojunction technology and reverse side passivation scheduled for the second half of the year.”

Roth & Rau reported that orders on hand totalled €244.2 million as of June 30, compared to €351.1 million in the prior-year period. New orders received in the first half of the year totalled €111.4 million.

However, the company was impacted by a major turnkey order cancellation in the first quarter, valued at €94.4 million, in addition to further cancellations of €16.4 million in the second quarter.

Net new orders after cancellations therefore amounted to only €616,000 in the first half, compared to €265.1 million in the same period a year ago.

“We have largely remedied the ‘teething problems' still witnessed by our SiNA 2 equipment in the first half. This means the delayed projects can be accepted in the near future. Recognising these sales will generate substantial earnings contributions in the second half, thus partly making up for the losses incurred in the first half of the year,” added Roth.

However, management said it was unable to provide full-year guidance due to the dependence on successful project handling and overall market conditions.

22 September 2021
To commemorate the World Energy Storage Day(WESD) on 22 September, being recognized worldwide, Customized Energy Solutions (CES) and India Energy Storage Alliance (IESA) is organising the 5th global conference and virtual expo, which will be held virtually on 22 September 2021. WESD is a global movement initiated by various apex trade bodies working to promote and adopt energy storage, e-mobility & green hydrogen technologies for a sustainable future. The forthcoming edition of WESD is expected to attract global participation with an intent to facilitate bi-lateral trade, market development and new research and innovation, which will invite 100+ countries, 100+ regulators & policy makers, 100+ International speakers,1000+ organisations, 100+ partners & exhibitors and 20,000+ global delegates.
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.

Read Next

September 16, 2021
Vistra Energy has welcomed the enactment of clean energy policies in Illinois which the power generation company said will support 300MW of solar and 150MW of battery storage to be built at nine of its coal plant sites. 
September 16, 2021
Renewables developer Amp Energy has secured financing for a 120MW solar installation in the Australian state of New South Wales that is expected to begin energisation in early 2022.
September 16, 2021
As much as 191GW of new solar PV is expected to be installed this year – up by a third on last year’s deployment figure – despite polysilicon and module prices remaining high into 2022, BloombergNEF has said.
September 16, 2021
Australia’s government has committed AU$19.2 million (US$14 million) to implement the recommendations of a new report that that aims to improve regulation and compliance in the country’s rooftop solar sector.
September 16, 2021
Energy engineering firm Babcock & Wilcox is to enter the US solar market through the acquisition of a majority stake in Illinois-based solar contractor Fosler Construction.
September 16, 2021
North American module manufacturer Silfab Solar has received an investment led by private equity firm ARC Financial Corp to help scale up its US PV production footprint.

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