In releasing preliminary nine-month financial figures, PV equipment supplier Roth & Rau saw sales and profits impacted by several delays in turnkey projects and a probable cancellation ofturnkey projects in India, which were not detailed in a statement. Roth & Rau said that it would probably achieve a total revenue of €189.2 million for the period, compared to €159.5 million in the same period a year ago. Earnings before interest and taxes (EBIT) are expected to be only €3.0 million, compared with €13.1 million in the year ago period.
Roth & Rau stated that the turnkey project delays related to two customers in Spain, without giving further details.
However, revenue guidance for the year was said to be unchanged at approximately €285 million.