New order intake increase of 70.6 % to €115.0 million in the first half of 2011 is part of the reason why Singulus Technologies expects to return to profitability for the first time in three years. The equipment supply reiterated previous guidance that sales would reach €160 million this year. Though management were quick to highlight a slowdown in PV equipment purchases due to overcapacity and inventory build, sales to the PV sector actually made-up 33.1% of first-half sales, which reached €64.6 million, substantially higher than the prior-year level of €49.3 million, an increase of around 31.0 %.
Singulus noted that it was still in negotiations regarding major projects for the areas silicon and thin-film solar technology, but actual deals had not been concluded to date.
On the positive side, Singulus said that efforts to establishing itself as a partner for the PV industry, especially for the development of new, highly-efficient cell concepts and new production processes, which enable a significant increase in performance as well as cost reductions bode well for 2012 and beyond. Its solar division would continue to have a positive impact on the business development of the company in the long-term.