German PV equipment provider Centrotherm Photovoltaics reported revenue of €144.4 million ($155.6 million) for last year, up 4% from a year earlier. This result is in line with the company’s previous forecast of a turnover ranging between €120 milion and €150 million.
Last year’s growth in revenue was mainly driven by the performance of the Photovoltaics & Semiconductor, which was able to achieve a 31% increase in turnover to €103.6 million ($111.2 million). The division also posted a positive Ebidta of €4.7 million ($7.9 million) in 2016.
The group’s order intake grew by 55% year-on-year to €141.8 million ($152.2 million) last year, with solar accounting for €121.7 million ($130.7 million) in new orders.
In 2016, the Thin Film & Customized Equipment segment registered revenue of €16.1 million, while the Silicon segment reported sales in the amount of €24.7 million. In the previous year, the two divisions posted revenue of €15.5 million and €43.7 million, respectively.
The company’s sales for last year were 75.8% for single equipment, 15.8% for service and spare parts and 7.5% for turnkey production lines. Most of the sales came from Asia (€114.6 million) and Germany (€19.1 million). The export quote increased year-on-year from 85.9% to 86.9%.
Furthermore, Centrotherm reported a negative Ebit of €965,000 and a net loss of €6.0 million for last year. In 2015, Ebit was positive at €18.9 million and net profit was €6.9 million.
“The competitive environment remains challenging for us in all areas in the years ahead. The development of new technologies, flanked by improved productivity, forms the focus of our investments and measures. To this end, we have developed a strategy road map for the next few years that we will be rigorously implementing together,” said the company’s CEO Jan von Schuckmann.
Centrotherm had a strong start to the current financial year. The company has brought in €80 million in crystalline silicon cell production equipment orders, for “high-efficiency cell concepts” over the past months. The €80 million in equipment will be produced and shipped in 2017.