Singulus recently published their first quarter financial results, posting a higher order intake this year of € 39.8 million, compared to last year’s first quarter € 17.4 million. The company still felt the hard economic hit though when it came to sales trends, posting a total of € 21.6 million for first quarter 2010.
Operating expenses totaled € 12.4 million, a drop form 2009’s € 16.5 million. Gross margin for 2010’s first quarter was 32.5%, slightly less than 2009’s 33.2%. Earnings before interest and taxes came to € -5.5 million.
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
While Singulus acknowledges that the hard hit world economies have affected its 1st quarter postings, it looks favourably to the solar segment of their business continuing to expand and provide stronger financial numbers in the months to come.
Singulus consolidated key figures (IFRS unaudited) |
|
||
1st Quarter |
|
2009 |
2010 |
Sales |
€ |
35.4 |
21.6 |
Order intake |
Mio. € |
17.4 |
39.8 |
Order backlog (March 31) |
Mio. € |
52.2 |
45.6 |
EBIT |
Mio. € |
-4.9 |
-5.5 |
EBITDA |
Mio. € |
0.2 |
-1.0 |
Net profit |
Mio. € |
-6.1 |
-5.7 |
Earnings per share |
€ |
-0.16 |
-0.15 |
Employees (March 31) |
|
684 |
483 |