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