28.04.2016
centrotherm photovoltaics AG DE000A1TNMM9
DGAP-News: centrotherm photovoltaics takes positive stock of 2015 and starts FY 2016 with good order book position
DGAP-News: centrotherm photovoltaics AG / Key word(s): Final Results
centrotherm photovoltaics takes positive stock of 2015 and starts FY 2016
with good order book position
28.04.2016 / 08:44
The issuer is solely responsible for the content of this announcement.
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Corporate News
centrotherm photovoltaics takes positive stock of 2015 and starts FY 2016
with good order book position
- Consolidated net income: EUR 7 million
- EUR 49 million of new orders in Photovoltaics & Semiconductor core
segment in Q1 2016
- centrotherm photovoltaics AG Supervisory Board appoints Jan von
Schuckmann to Management Board
Blaubeuren, April 28, 2016 - centrotherm has exceeded its goal of a
breakeven consolidated net result in the 2015 financial year as a
consequence of one-off effects. Earnings before interest and tax (EBIT)
amounted to EUR 19.0 million (previous year: EUR 19.6 million), equivalent
to a 13.7% EBIT margin (previous year: 10.3%). Along with cost-reduction
measures that were already launched in 2014, other operating income from
one-off effects made a particular contribution to this result. With around
EUR 139 million of consolidated revenue, the Group also lies slightly below
its 2015 revenue forecast of between EUR 150 million and EUR 200 million,
chiefly reflecting a lack of new business in the Silicon segment and a
delay to the large-scale polysilicon factory project in Qatar. Of the 2015
consolidated revenue, more than 30% was attributable to the Silicon segment
(previous year: 45%), almost 60% to the Photovoltaics & Semiconductor core
segment (previous year: around 50%), and more than 10% to the Thin Film &
Customized Equipment segment (previous year: over 6%).
Consolidated total operating revenue stood at EUR 141.1 million, following
EUR 184.1 million in the previous year. Compared with the consolidated
profit of EUR 1.2 million in the previous year, the centrotherm Group
generated EUR 7.0 million of consolidated profit in the 2015 financial
year. The company has thereby achieved its second consecutive positive
consolidated result after its 2012/2013 restructuring.
New order intake and order book position
The centrotherm Group booked new orders worth more than EUR 91 million in
the 2015 financial year, EUR 69 million of which were attributable to the
Photovoltaics & Semiconductor segment, and EUR 22 million to the Thin Film
& Customized Equipment segment.
New order intake trends during the first quarter of 2016 are especially
positive in the Photovoltaics & Semiconductor segment, as solar cell
manufacturers are making significant investments in expanding existing and
new production capacities. During the first three months of the new
financial year, centrotherm booked orders worth a total of EUR 49 million
in its core operating segment. The Group's total order book position stood
at around EUR 114 million on December 31, 2015 (end-2014: EUR 150 million),
and at over EUR 146 million as of March 31, 2016.
FY 2016 guidance
With regard to 2016, the centrotherm Group assumes accelerating business
trends in its Photovoltaics & Semiconductor and Thin Film & Customized
Equipment segments. Revenue in its Silicon segment is expected to be
recorded significantly below 2015 revenue due to a lack of new business to
date and a delay to a large-scale project. Consequently, the centrotherm
Group revenue target range lies between EUR 120 million and EUR 150
million. The Management Board also anticipates at least breakeven at the
consolidated net result level. The company continues to aim to achieve the
latter through consistent efficiency enhancement and cost structure
optimization.
Changes to Management Board
At its meeting on April 19, the Supervisory Board of centrotherm
photovoltaics AG appointed Jan von Schuckmann to the company's Management
Board with effect as of May 1. Jan von Schuckmann, who has been heading up
RENA Technologies GmbH over the past two years, previously spent a
nine-year period as CEO and holder of various management posts at office
supplies manufacturer Herlitz AG, before playing a key role in progressing
the restructuring of centrotherm photovoltaics AG as its Chief
Restructuring Officer and Management Board Spokesman between June 2012 and
April 2014. He commands in-depth financial know-how and extensive
photovoltaic industry expertise. Jan von Schuckmann also contributes many
years of operational management experience in establishing sustained
business relationships in the Far East.
The Chief Operations Officer to date of centrotherm photovoltaics AG, Boris
Klebensberger, relinquished his Management Board mandate by mutual consent
as of February 29, 2016 due to differing ideas about the company's future
strategic orientation. He was appointed to the Management Board in autumn
2015.
Consequently, the Management Board of centrotherm photovoltaics AG will
consist of the members Peter Augustin and Jan von Schuckmann as from May 1,
2016.
Note: The German version of our 2015 Annual Report can be downloaded from
our website, within the Investor Relations area.
About centrotherm photovoltaics AG
centrotherm has been developing and realizing innovative thermal solutions
for over 50 years. As a leading and globally operating technology group, we
offer production solutions for the photovoltaic, semiconductor and
microelectronic industries.
The continuous further development of our successful solutions in thermal
processing and coating, such as for manufacturing crystalline solar cells
and power semiconductors, form the basis for our successful partnerships
with industry, research and development.
Our customers worldwide appreciate our production systems' process
stability, scalability and availability in mass production. Above and
beyond this, our work is distinguished by the fact that we create high-end
process technology solutions which are specific for our customers and
tailored to their requirements, and the fact that we are outstanding in
system building.
We jointly confront the daily challenges of setting new trends, maximizing
the efficiency of producing, for example, solar cells and semiconductors,
and, coupled with our long machine durations, of securing investments.
In this way, we generate valuable competitive advantages for our customers
through targeted innovations to processes and production solutions.
Our around 700 staff worldwide are committed to the further development of
high-tech solutions for key markets.
centrotherm photovoltaics AG
Johannes-Schmid-Str. 8
89143 Blaubeuren
Internet: www.centrotherm.de
German Securities Identification Number (WKN): A1TNMM (bearer shares);
A1TNMN (unlisted shares from the non-cash capital increase)
ISIN: DE000A1TNMM9 (bearer shares); DE000A1TNMN7 (unlisted shares from the
non-cash capital increase)
Admitted to the Open Market/Entry Standard, Frankfurt Stock Exchange
Corporate domicile: Germany
Contact:
Nathalie Albrecht
Manager Public & Investor Relations
Tel: +49 7344 918-6304
E-mail: [email protected]
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28.04.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: centrotherm photovoltaics AG
Johannes-Schmid-Strasse 8
89143 Blaubeuren
Germany
Phone: +49 7344 918-0
Fax: +49 7344 918-8388
E-mail: [email protected]
Internet: www.centrotherm.de
ISIN: DE000A1TNMM9
WKN: A1TNMM
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News Service
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