Singulus releases 1st quarter financial results

Facebook
Twitter
LinkedIn
Reddit
Email

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.

This article requires Premium SubscriptionBasic (FREE) Subscription

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

 

 

Read Next

September 11, 2025
Founder Group has won a RM10 million (US$2.3 million) engineering, procurement, construction and commissioning contract for a 30MW solar plant in Malaysia.
September 11, 2025
German renewable energy developer ib vogt has signed a 70MW solar PV virtual power purchase agreement (vPPA) in Romania.
September 11, 2025
Madison Energy Infrastructure has raised US$800 million to accelerate the deployment of clean energy assets across the US. 
September 11, 2025
The PEARL Consortium has developed perovskite solar cells with carbon electrodes with a conversion efficiency of 21.6%.
September 11, 2025
The EBRD has launched a new programme to improve access to green financing and support energy investments such as renewable power projects.
September 11, 2025
Constant Energy has secured THB300 million (US$9.4 million) in green financing from HSBC to expand large-scale solar and battery storage projects in Thailand. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines