DGAP-News

centrotherm photovoltaics takes positive stock of 2015 and starts FY 2016 with good order book position - Seite 2

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