Centrotherm Group Exceeds Its Earnings Forecast For 2015 Owing To Non-Recurrent Effects
Centrotherm has exceeded its goal of achieving breakeven for the Group in fiscal 2015 due to non-recurrent effects. According to the preliminary figures, earnings before interest and tax (EBIT) amount to approximately EUR 19 million. Along with the cost-cutting measures introduced back in 2014, extraordinary income in particular has contributed to this result. At the same time, having generated revenues of around EUR 139 million, the Group has fallen marginally short of its revenue forecast for 2015 of between EUR 150 and 200 million. This development was mainly attributable to the revaluation of a major project of subsidiary SiTec GmbH as part of auditing the financial statements, as well as due to a lack of new business in the Silicon segment.
In its core segment Photovoltaics & Semiconductor, centrotherm reported orders of more than EUR 40 million in the first two months of the new fiscal year alone, driven primarily by the high level of capital expenditure by solar cell manufacturers in ramping up or building new production capacities.