Solar market remains tough for PVA TePla in 2014

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PV solar mono c-Si pulling equipment specialists PVA TePla suffered another tough year due primarily to problems in the wider PV industry.

PVA TePla reported full-year 2014 revenue of €71.9 million, up from €64.1 million in 2013, while reporting a negative EBIT of €6.3 million, compared to negative EBIT of €9.5 million in the previous year. 

A major restructuring of its Solar segment operations with closures and headcount reductions led to a €4.0 million impairment charge. The company has merged its Solar segment into its Semiconductor segment.

PVA TePla was also impacted by a €2.5 million reduction in operating results due to value adjustments on a large solar order from China and order cancellations from Russia and China as well as insolvencies in the solar segment, according to the company. 

Order income in 2014 amounted to €67.2 million, compared to €80.1 million in 2013, which was unrelated to its solar sales, which had already been impacted by low capital expenditure on chronic industry overcapacity. 

However, the company expects revenue to increase in its Semiconductor Systems division by a figure in the single-digit millions on the basis of increased 300mm wafer production. 

The company had at the end of 2014 an order backlog of €37.9 million but has since received further volume production orders, which are expected to support 2015 consolidated revenue of between €70 million to €80 million and EBIT of a break even level.

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