centrotherm photovoltaics raises revenue and earnings in the first nine months of 2009

Blaubeuren, Germany - In the first nine months of 2009, centrotherm photovoltaics AG achieved revenue growth of 58.1 percent to EUR 374.7 million (previous year: EUR 236.9 million).

centrotherm photovoltaics improved earnings before interest, tax, depreciation, and amortization (EBITDA) by 62.3 percent to EUR 50.7 million (previous year: EUR 31.3 million). This corresponds to a higher EBITDA margin of 13.5 percent compared with 13.2 percent in the previous year. EBIT before purchase price allocations rose 55.3 percent to EUR 47.2 million following EUR 30.4 million in the prior-year period. The EBIT margin before purchase price allocations amounted to 12.6 percent (previous year: 12.8 percent). When including the effects from the purchase price allocations, EBIT increased by 16.8 percent to EUR 35.5 million. The EBIT margin amounted to 9.5 percent (previous year: 12.8 percent).

In the third quarter of 2009, centrotherm photovoltaics received orders amounting to a volume of EUR 41.2 million, following EUR 14.5 million in the second quarter of this year. The total order book as of September 30, 2009 totaled EUR 922.4 million (December 31, 2008: EUR 990.2 million). centrotherm photovoltaics is currently excited by prospects in Asia: by the end of the year, the company is aiming to produce the first, and to date largest, CIGS (copper indium gallium diselenide) module to be manufactured on a mass production basis that will feature a surface area of 1.5 m

Source: IWR Online, 11 Nov 2009