DGAP-News: Roth&Rau AG confirms preliminary figures
(firmenpresse) - Roth&Rau AG / Key word(s): Quarter Results
15.11.2010 09:15
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Roth&Rau AG confirms preliminary figures
- Nine-month sales rise to EUR 189,238k
- EBIT of EUR 3,004k
- Further increase in orders on hand to EUR 364,599k
Hohenstein-Ernstthal, 15 November 2010 - With the presentation of its
quarterly report, Roth&Rau AG has confirmed the provisional key figures
previously announced. Accordingly, sales for the third quarter alone surged
year-on-year by 65.8 % from EUR 42,469k to EUR 70,414k. For the nine-month
period under report, sales therefore grew by 18.6 % to EUR 189,238k (2009:
EUR 159,514k). The international share increased from 81.8 % to 92.9 %,
with Asia accounting for 79.2 %, and thus once again the great majority of
sales.
Earnings before interest and taxes (EBIT) for the first nine months
amounted to EUR 3,004k (2009: EUR 13,127k), equivalent to an EBIT margin of
1.6 % (2009: 8.2 %). Consolidated net income for the first nine months
amounted to EUR 2,776k (2009: EUR 10,571k), resulting in earnings per share
of EUR 0.18 (2009: EUR 0.77). This development is mainly due to the
expected loss of a turnkey project in India, as a result of which the
prorated sales already generated had to be reclassified to own-account and
written down in the third quarter. Further charges on earnings resulted
from delays in the handling of two turnkey projects in Spain and the
resultant write-down of current assets. These one-off factors had a
significant negative impact on the Group's nine-month EBIT. The cash flow
from operating activities for the first nine months, by contrast, showed a
sharp year-on-year improvement, rising from EUR -1,361k to EUR 19,621k.
The marked revival in the business climate in the solar industry gained
further momentum in the third quarter, leading to further strong new order
growth. At EUR 392,068k, as against EUR 83,453k in the previous year's
period, new orders have reached a new record level. 'We are of course also
extremely dissatisfied with our current key earnings figures. However,
closer inspection of our order figures reveals a further shift in orders
towards our equipment business. What's more, the sale of the first mass
production system based on heterojunction technology in September confirms
our development strategy, with its focus on producing more efficient solar
cells. We continue to see strong demand and increasing growth potential in
this area in the coming years as well', commented Dr. Dietmar Roth, CEO of
Roth&Rau AG. 'Together, these two developments will also significantly
improve margins in our operating business from 2011 onwards.'
For the 2010 financial year as a whole, Roth&Rau AG expects its strong
sales performance to continue and to generate sales of around EUR 285
million. Due to the aforementioned factors, EBIT will amount to between EUR
9 million and EUR 9.5 million. 'In view of the further dynamic development
in sales in 2011, we are now channelling all of our energies into
increasing our EBIT once again in the coming year. The discontinuation of
one-off items, changes in the sales mix, increased margins in the turnkey
business and a cost and structure optimization programme will enable us to
return to a substantially and sustainably improved earnings position',
added company CFO Carsten Bovenschen.
The extensive nine-month report is available for downloading from the
Investor Relations section of the company's website at www.roth-rau.de.
About Roth&Rau AG:
Roth&Rau AG, based in Hohenstein-Ernstthal, has been one of the world's
leading suppliers of production equipment and innovative production
technologies for the photovoltaics industry for more than 10 years now. In
its photovoltaics segment, Roth&Rau focuses on providing antireflective
coating systems and turnkey production lines for use in the manufacture of
crystalline silicon solar cells. Further products include thermal
processing systems also used in the manufacture of crystalline silicon
solar cells, as well as coating systems and turnkey production lines for
the manufacture of thin film solar modules. Roth&Rau MicroSystems, a
subsidiary located in the Wüstenbrand district, develops and produces
process systems for plasma and ion beam enhanced thin film and surface
processing methods tailored to customers' specific needs. The customers
served by this division particularly include companies in the semiconductor
industry, R&D departments in various other industrial sectors, research
institutes and universities. The portfolio of the Roth&Rau Group is
supplemented by software products in the field of systems management,
production monitoring and maintenance and service offerings.
Contact:
Roth&Rau AG
Prof. Dr. Silvia Roth
Tel.: +49 (0) 3723/6685-333
E-Mail: investor(at)roth-rau.de
Haubrok Investor Relations GmbH
Simone Cujai
Tel.: +49 (0) 211/17183537
E-Mail: s.cujai(at)haubrok.de
15.11.2010 Dissemination of a Corporate News, transmitted by DGAP -
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The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Roth&Rau AG
An der Baumschule 6-8
09337 Hohenstein-Ernstthal
Deutschland
Phone: 03723 6685-0
Fax: 03723 6685-100
E-mail: info(at)roth-rau.de
Internet: www.roth-rau.de
ISIN: DE000A0JCZ51
WKN: A0JCZ5
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in München, Düsseldorf, Berlin, Stuttgart
End of Announcement DGAP News-Service
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Datum: 15.11.2010 - 09:15 Uhr
Sprache: Deutsch
News-ID 32610
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