Echoing other PV manufacturers comments over weak demand for solar products in key markets such as Germany and Italy in the first-half of the year, Conergy announced after the German stock market had closed that it was retracting its 2011 fiscal year guidance of sales topping €1 billion. Conergy did not provide new guidance for 2011.
Although Conergy reported a weak business environment for the first quarter of 2011, hope was that the second quarter would see an uptick and therefore refrained from adjusting its sales and profit margin guidance.
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
However, Conergy noted that there had been ‘no significant improvement in the international solar markets that would have been able to compensate for the overall disappointing first quarter,’ in the first months of the second quarter.