Solar cell and module equipment sales dominate centrotherm photovoltaics 2010 results

Facebook
Twitter
LinkedIn
Reddit
Email

In releasing 2010 financial results this week, centrotherm photovoltaics achieved record results, dominated by revenue generation in its Solar Cell & Module segment, while revenue from its Silicon & Wafer segment and Thin Film Module segment declined compared to 2009. Group revenue reached €624.2 million, a 22.6% increase over revenue of €509.1 million in 2009. Solar Cell & Module segment revenue reached €404.5 million, up 68.6% compared to the previous year and represented 64.8% share of total revenue.

EBITDA earnings increased from €58.6 million in 2009 to €101.3 million in 2010. Operating earnings before interest and tax (EBIT) doubled to €75.4 million, compared to €37.2 million in 2009.  Consolidated net income was €51.1 million, up from €28.5 million in the previous year.

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

Order intake also reached a new milestone, surpassing €1 billion for the first time. New orders increased by 77.8% to €1.049 billion, compared to €590.2 million in 2009.

Despite adjustments to its order book, the total order book position grew to €843.8 million as of the year-end, up from €797.4 million reported for same period in 2009.

In the Silicon & Wafer segment, revenue declined slightly to €201.7 million, compared to €218.7 million in the previous year. Management noted that this was due to a high degree of project realization and a low level of new shipments. The company noted that the segment had successfully commissioned and seen production of first silicon at polysilicon factories in Taiwan, China and Europe during the year.

The Thin Film Module segment, which focuses on CIGS technology, suffered the biggest decline in sales. Revenue fell from €50.6 million in 2009 to €18 million in 2010. The segment made a loss of €37.4 million compared to a loss of €11.9 million in the previous year.

The real success in 2010 was its Solar Cell & Module segment, marked by high shipment volumes for single equipment items totalling 435 single equipment items. Segment revenue reached €404.5 million, an increase of 68.6% compared to the previous year and responsible for a 64.8% share of total revenue for the company.

2011 guidance

Centrotherm photovoltaics management guided that due to the order intake levels achieved it expected that revenue would continue to grow in 2011, reaching within the range of  €690 million – €710 million.

“We have established a globally outstanding market position in the photovoltaic sector with our technology and production systems. We aim to exploit our business success to continue to invest heavily in R&D in order to thereby extend this technology lead, and to enable our shareholders to participate in the company's success at the same time. As a consequence, we see ourselves as excellently equipped for 2011 and the upcoming years”, commented Robert M. Hartung, CEO and Management Board Chairman of centrotherm photovoltaic AG.
 

Read Next

July 18, 2025
The average price of solar panels used in distributed generation projects in the US reached US$0.27/W by the first half of the year.
July 18, 2025
Companies have signed 4.22GW of solar PV power purchase agreements in the first half of 2025, according to Swiss consultancy Pexapark.
July 18, 2025
PV Tech spoke with international buyers and investors on key industry issues such as new technology equipment procurement, supply chain management and ESG compliance.
Premium
July 18, 2025
Inside the European Solar Academy's steps to equip Europe’s workforce with necessary skills as it approaches its first anniversary.
July 18, 2025
Georgia Power’s 2025 Integrated Resource Plan (IRP) will see the utility aim to install 4GW of new renewable power capacity by 2035.
July 18, 2025
Decisions and actions related to the US Department of Interior (DoI) will ‘undergo elevated review’ of solar PV and wind facilities.

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