DGAP-News

centrotherm photovoltaics AG: centrotherm photovoltaics takes stock of financial year 2016

DGAP-News: centrotherm photovoltaics AG / Key word(s): Final Results centrotherm photovoltaics AG: centrotherm photovoltaics takes stock of financial year 2016 30.03.2017 / 08:47 The issuer is solely responsible for the content of this announcement. centrotherm photovoltaics takes stock of financial year 2016

• Group revenue up 4 % to EUR 144.4 million
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• Order intake increases by 55 % to EUR 141.8 million
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• Group achieves EBITDA of EUR 2.8 million
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• Core businesses of Photovoltaics & Semiconductor and Thin Film & Customized Equipment generate positive EBITDA of EUR 6.0 million
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• Silicon segment weighs on the consolidated result in an amount of EUR -3.2 million
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Blaubeuren, March 30, 2017 - In the financial year 2016, centrotherm photovoltaics AG raised its revenue in its core segment of Photovoltaics & Semiconductor by 31 % to EUR 103.6 million (2015: EUR 79.3 million). The high level of new orders, particularly from Asia, is reflected by the significant increase in revenue. Earnings before interest, taxes, depreciation and amortization (EBITDA) in this segment was again positive at EUR 4.7 million. Order intake almost doubled to EUR 121.7 million (2015: EUR 68.8 million).


Revenue in the Thin Film & Customized Equipment segment also rose to EUR 16.1 million in 2016, up from EUR 15.5 million in the previous year. Segment EBITDA that came in at EUR 1.3 million developed well compared with EUR 0.1 million in 2015. Order intake in this segment stood at EUR 20.1 million at year-end 2016.

As forecast, revenue of EUR 24.7 million in the Silicon segment dropped considerably below the year-earlier figure (EUR 43.7 million). Revenue resulted mainly from progress made with the construction of a polysilicon factory under a major project in Qatar. In the previous year, the final billing of an old project, among other things, resulted in higher segment revenue. Owing to the strategic concentration on the performance of existing business, no new orders were received by this segment in 2016. In the reporting period, the Silicon segment weighed on group EBITDA in an amount of EUR -3.2 million.