In the wake of SpectraWatt’s startling announcement that it will be laying off most of its workforce and possibly close its doors, Roth & Rau is speculating that it will not be able to meet the sales and earnings levels it had hoped to attain during the 2010 financial year.
SpectraWatt is one of Roth & Rau’s customers, and as SpectraWatt sees itself fall prey to the economy, Roth & Rau is anticipating that it will have to post writedowns of around €12.5 million as of December 31, 2010.
Roth & Rau will continue to analyze its financial standings for 2010 and publish further information once it has completed more extensive research.