· 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.
