PVA TePla returns to profitability in Q1

German production equipment manufacturer PVA Tepla AG has released its business figures for the first quarter of this year. The company achieved consolidated sales revenue of €23.3 million ($25.3 million) in the period. This corresponds to an increase of 37% compared to the same period of the previous year, when the company’s turnover reached €17.0 million.

The company’s spokeperson Gert Fisan told pv magazine that around 10% of revenue comes from sales of its PV production systems, as well as of its crystallizers and plasma systems.

The company also reported that its operating result was positive again for the first time in five years. Ebit swung from a loss of €0.7 million in the first quarter of 2016 to a profit of €0.6 million in the latest quarter. Net income also improved year-on-year from a loss of €1.2 million to a profit of €0.8 million.

Incoming orders amounted to €21m in the first quarter of 2017, and exceeded previous year level´s by €3.1 million. Total books of commissions are filled with orders worth of €47,5 million, the company stressed.

Looking forward, PVA TePla said it continues to expect consolidated sales revenues of around €85 million ($92.3 million) and an Ebitda margin of 6%.

By Carl Johannes Muth