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Meyer Burger Technology AG — Earnings Release 2007
Dec 3, 2007
930_rns_2007-12-03_67ce27c6-aa36-4eb0-938c-7b59047a7de3.html
Earnings Release
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Corporate | 3 December 2007 10:07
Roth & Rau AG: Record incoming orders raise expectations for further growth in 2008
Roth & Rau AG / Forecast
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
Record incoming orders raise expectations for further growth in 2008
- Incoming orders of Euro 221.1 million in first eleven months
- Sales of at least Euro 200 million targeted for 2008
Hohenstein-Ernstthal, 3 December 2007 – The order situation at Roth & Rau
AG has shown further dynamic developments in recent weeks. New orders of
Euro 70.6 million were received in the months of October and November. In
total, the orders received in the first eleven months have therefore
reached a new record volume of Euro 221.1 million. At the end of the first
eleven months, incoming orders were therefore 71.3 % higher than the figure
of Euro 129.1 million reported for the whole of the 2006 financial year.
'We are more than satisfied with the strong growth in our orders,'
commented Dr. Dietmar Roth, CEO of Roth & Rau AG. 'Since we expect to see
growth rates in excess of 20 % in the solar industry in the coming years as
well, we have secured additional capacities in good time. As well as
building our new photovoltaic location, we are also investigating further
possibilities of expanding our capacity.' 'Based on our current level of
orders on hand, we are confident that we will generate sales of at least
Euro 200 million in 2008,' added Carsten Bovenschen, CFO of Roth & Rau AG.
'In spite of increased depreciation due to the investments in the new
production location, this sales growth will be achieved without any
significant reduction in our EBIT margin.'
The largest share of orders received in the past two months related to the
photovoltaic business division and in particular to the business with
antireflective coating facilities in the SiNA® series. The Asian sales
market in particular has tangibly gained in significance in this respect.
All in all, SiNA® facilities with a total value of Euro 48.4 million were
ordered, with the respective clients being located almost exclusively in
China. The orders involved both follow-up orders from existing customers,
such as Baoding Tianwei Yingli or JA Solar, as well as major orders
acquired from new customers. The individual orders consist of between two
and twelve facilities in each case. The SiNA® facilities enable a coating
to be applied to solar cells which reduces the volume of light reflected by
the cell, thus increasing its performance capacity and efficiency.
At Euro 15.3 million, the second-largest contribution to the latest orders
received was made by the high-growth turnkey business, involving the supply
of turnkey production lines for the mass production of crystalline silicon
solar cells. Silcio S.A., a Greek company based in Athens, ordered a 30 MWp
line with a contract volume of Euro 12.0 million. The installation of this
line is scheduled to take place by the end of 2008. The other Euro 3.3
million of orders in this division involved supplementary orders for
existing projects.
The remaining Euro 6.8 million of incoming orders related to thin layer
solar equipment.
About Roth & Rau AG:
Roth & Rau AG (ISIN DE000A0JCZ51) develops and manufactures equipment and
process systems on the basis of plasma and ion beam technology and supplies
these to a global customer base in a wide variety of sectors. Roth & Rau’s
photovoltaic business field focuses on providing antireflective coating
facilities for crystalline silicon solar cells. With a global market share
(excluding Japan) of around 60 %, Roth & Rau one of the leading suppliers
in this area. The company’s second business field of plasma and ion beam
technology, which accounted for around 15 % of total sales in the past
financial year, develops equipment for the semiconductor and automotive
industries, as well as for research and development in various
sectors.
Contact:
Haubrok Investor Relations GmbH
Simone Gorny
Kaistraße 16
40221 Düsseldorf
Tel.: +49 (0) 211/30126-130
Fax: +49 (0)211/30126-172
E-Mail: [email protected]
03.12.2007 Financial News transmitted by DGAP
Language: English
Issuer: Roth & Rau AG
Gewerbering 3 OT Wüstenbrand
09337 Hohenstein-Ernstthal
Deutschland
Phone: 0372349880
Fax: 03723 498825
E-mail: [email protected]
Internet: www.roth-rau.de
ISIN: DE000A0JCZ51
WKN: A0JCZ5
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Entry
Standard in Frankfurt
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