EANS-News: centrotherm photovoltaics presents 2010 preliminary figures showing marked revenue and earnings growth

• Revenue rises 22.6 percent to EUR 624.2 million
• EBITDA
up by 72.9 percent to EUR 101.3 million
• EBIT doubles to EUR
75.4 million
• Revenue budgeted to grow to between EUR 690
million and EUR 710 million in 2011

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Company Information

Subtitle: • Revenue rises 22.6 percent to EUR 624.2 million

• EBITDA up by 72.9 percent to EUR 101.3 million
• EBIT doubles to EUR 75.4 million
• Revenue budgeted to grow to between EUR 690 million and EUR 710 million in
2011

Blaubeuren (euro adhoc) - February 23, 2011 - centrotherm
photovoltaics AG benefited significantly from last year's boom in new
orders in the solar sector, and has achieved record results in the
2010 financial year according to preliminary figures. Revenue grew
22.6 percent to EUR 624.2 million (2009: EUR 509.1 million). Total
operating performance increased to EUR 681.2 million (2009: EUR 536.0
million). Earnings before interest, tax, depreciation and
amortization (EBITDA) grew from EUR 58.6 million to EUR 101.3
million, representing a 16.2 percent EBITDA margin on revenue (2009:
11.5 percent). Operating earnings before interest and tax (EBIT)
doubled to EUR 75.4 million (2009: EUR 37.2 million), equivalent to a
12.1 percent EBIT margin (2009: 7.3 percent).

"The figures show that we were optimally prepared for the solar boom
with our innovative strength, state-of-the-art production systems,
and excellent customer service", commented Dr. Thomas Riegler, CFO of
centrotherm photovoltaics AG. "In particular, we further expanded our
high market share in the Solar cell & Module segment. We anticipate
that business will continue to run successfully in 2011."

High order book position and record new order intake Despite
adjustments to the order book, the order book position appreciated to
EUR 843.8 million as of the year-end (2009: EUR 797.4 million). Due
to a very robust trend in new orders of EUR 1,049.8 million received
in the 2010 financial year, new orders breached the EUR 1 billion
mark for the first time - thereby setting a new record in the
company's history.

centrotherm photovoltaics has made a confident start to the new
business year, and its equipment orders on hand mean that that the
company will enjoy capacity utilization until well into 2011. The
company continues to benefit significantly from orders from the Asian
region in this context. "In a highly competitive market that has
reached mass production, we deliver significant competitive
advantages for our customers through first-class technology and
production systems", explained Robert M. Hartung, centrotherm
photovoltaics AG CEO. "This allows our customers to realize lower
operating costs, and to expand their cost leadership."

Outlook Due to the pleasing trend in new orders, centrotherm
photovoltaics anticipates that revenue will continue to grow to
between EUR 690 million and EUR 710 million in the 2011 financial
year, accompanied by a low double-digit EBIT margin.

Note: The figures and comments on trends relating to the 2010
financial year business results contained in this press release are
provisional. centrotherm photovoltaics AG will publish its 2010
annual report on March 23, 2011.

About centrotherm photovoltaics AG centrotherm photovoltaics AG,
which is based at Blaubeuren, is the world's leading technology and
equipment provider for the photovoltaics sector. The company equips
well-known solar companies and new sector entrants with turnkey
production lines and single equipment to manufacture silicon,
crystalline solar cells and thin film modules. As a consequence, the
Group possesses a broad and well-founded technological basis, as well
as key equipment at practically all steps of the photovoltaics value
chain. centrotherm photovoltaics guarantees its customers important
performance parameters such as production capacity, efficiencies, and
completion deadlines. The Group employs over 1,400 staff members, and
operates in Europe, Asia and the USA. centrotherm photovoltaics
achieved revenue in the 2010 financial year of EUR 624.2 million,
EBIT of EUR 75.4 million, according to provisional figures. The
company is listed in the TecDAX index on the Frankfurt Stock
Exchange.

Contact:
Saskia Feil
Senior Manager Investor & Public Relations
Tel: +49 7344 918-8890
E-mail: saskia.feil@centrotherm.de

Dr. Torsten Knödler
Manager Public Relations
Tel: +49 7344 918-8898
E-mail: torsten.knoedler@centrotherm.de

end of announcement euro adhoc
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ots Originaltext: centrotherm photovoltaics AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Dr. Torsten Knödler
Manager Public Relations
Tel.: 07344 - 918-8898
E-Mail: torsten.knoedler@centrotherm.de

Branche: Energy
ISIN: DE000A0JMMN2
WKN: A0JMMN
Index: TecDAX
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade