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centrotherm photovoltaics achieves significant revenue and earnings growth on strong new order inflow in Q1 2011


In its Silicon & Wafer segment, centrotherm photovoltaics achieved revenues of EUR 29.3 million with the sale of silicon production technology and systems (prior-year period: EUR 43.3 million). Segment operating earnings (EBIT) were reported at EUR 2.2 million (prior-year period: EUR 7.0 million). The segment order book stood at EUR 259.5 million as of March 31 (December 31, 2010: EUR 277.1 million).

In its Solar Cell & Module segment, the company doubled revenue to EUR 154.9 million (prior-year period: EUR 68.2 million). This segment contributed 81.8 percent to Group revenue as a consequence (prior-year period: 59.2 percent). Segment EBIT improved to EUR 19.3 million (prior-year period: EUR 11.7 million). This represents a 12.4 percent EBIT margin (prior-year period: 17.1 percent). The segment’s order book stood at EUR 575.5 million at the end of the first quarter (December 31, 2010: EUR 513.8 million).

In its Thin Film segment, centrotherm photovoltaics generated revenue of EUR 5.1 million (previous year: EUR 3.8 million). Investments in process and technology development fed through to an operating result of EUR -3.8 million (previous year: EUR -8.8 million). This segment reported an order book position of EUR 34.8 million (December 31, 2010: EUR 52.9 million).

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