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

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

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

July 14, 2025
ACWA Power has signed power purchase agreements (PPAs) with Saudi Power Procurement Company (SPPC) for five solar PV projects in the country.
July 14, 2025
Elements Green has secured €80 million (US$93.5 million) in financing from Danish investment firm Copenhagen Infrastructure Partners (CIP).
July 14, 2025
Solar and storage developer MN8 Energy has raised US$575 million to refinance three PV projects in North Carolina, Kentucky and Illinois.
July 14, 2025
OpenSolar has launched a new model to help US rooftop solar installers reduce costs and thrive despite the loss of the 30% IRA tax credit.
July 14, 2025
Analyst Wood Mackenzie has forecast that solar PV and wind installations in the US will be 100GW lower than expected between 2025 and 2030 with the removal of Inflation Reduction Act (IRA) incentives.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK