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Meyer Burger Technology AG — Earnings Release 2007
Jul 30, 2007
930_rns_2007-07-30_21a9da2a-d868-4c64-a06c-54e91d05a5be.html
Earnings Release
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Corporate | 30 July 2007 10:05
Roth & Rau publishes preliminary results for first half and raises forecast for 2007 financial year as a whole
Roth & Rau AG / Half Year Results/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.
Roth & Rau publishes preliminary results for first half and raises forecast
for 2007 financial year as a whole
Hohenstein-Ernstthal, July 30, 2007 – Based on preliminary calculations,
Roth & Rau AG achieved substantial sales and earnings growth in the first
half of the financial year. Sales rose to Euro 65.2 million, thus
quadrupling compared with the first half of 2006 (previous year: Euro
15.6m). Earnings before interest and taxes (EBIT) also showed significant
growth to Euro 6.9 million (previous year: Euro 2.1m). This is equivalent
to an EBIT margin of 10.5% (overall 2006 financial year: 10.5%).
In view of these positive results and of the ongoing strength of
developments in the sector, the Management Board has raised its sales
forecast for the current financial year from Euro 100 million to at least
Euro 135 million. 'Based on this volume of sales, we expect to generate
EBIT amounting to around Euro 12 million for the 2007 financial year as a
whole', commented company CFO Carsten Bovenschen.
The increased forecast is also supported by the company’s comfortable order
situation, with orders on hand of Euro 120.9 million as of 30 June 2007.
What’s more, further new orders have already been received in the third
quarter. JA Solar, a Chinese solar cell manufacture listed on the Nasdaq
and longstanding customer of Roth & Rau AG, has ordered a total of ten
antireflective coating facilities of the SiNA L type in order to expand its
production in Ninjing. The supply of the facilities, which have a total
value of Euro 14 million, is expected to be completed in the third quarter
of 2008. A further large-scale order was received from Switzerland. Roth &
Rau’s cooperation partner Oerlikon Solar has commissioned the Saxon
equipment manufacturer to supply further production facilities for the
manufacturing of thin layer coat cells with a production capacity totalling
40 MWp. The supply of these so-called TCO facilities means that Roth & Rau
AG is further expanding its activities in the high-growth market for thin
coat solar technology. Part of these facilities will be supplied before the
end of the current year. Both orders will mainly be reflected in the
company’s sales in 2008.
'We are satisfied with our current business performance. Although our
strong order and sales growth and the resultant measures to expand our
production capacities will have a tangible impact on the cost side, we will
nevertheless succeed in more than doubling our EBIT in the current year',
commented Dr. Dietmar Roth, CEO of Roth & Rau AG.
The complete report on the second quarter and the first half of 2007 will
be published on 15 August and will then be available for downloading from
www.roth-rau.de.
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 is the global market leader 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]
DGAP 30.07.2007
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
Indices:
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Entry
Standard in Frankfurt
End of News DGAP News-Service