EANS-Adhoc: centrotherm photovoltaics AG /

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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28.10.2011

centrotherm photovoltaics expects higher revenue and slightly
positive EBIT margin for FY 2011

- Presentation of preliminary nine-month results
- Revenue continues to grow
- Adjustment to earnings forecast due to changes in overall conditions

Blaubeuren, October 28, 2011 - Given the weaker sector environment,
the Management Board of centrotherm photovoltaics AG has decided to
adjust its full-year forecast. The company is now assuming higher
revenue and a slightly positive EBIT margin for the current 2011
financial year.

Full-year revenue will prospectively be higher than forecast to date
due to the strong order book position and good business trends in the
first half of the year. The strained sector situation, particularly
in the Asian region, is evident in centrotherm photovoltaics'
earnings trend. In particular, operating earnings (EBIT) are under
pressure from the Silicon & Wafer segment. The worsening of the
financial situation, which is impacting the photovoltaic market, and
the fall in the polysilicon price, have prompted the Management Board
to implement adjustments to individual large-scale silicon projects
in Asia. Polysilicon is already being produced successfully with
centrotherm photovoltaics equipment and technology at the affected
factories.

According to preliminary figures, consolidated revenue amounted to
EUR 635.7 million in the first nine months of 2011, ahead of the
level reported in the 2010 financial year. Operating earnings (EBIT)
amounted to EUR 25.2 million, corresponding to a 4.0 percent EBIT
margin. Of this amount, revenue of EUR 65.3 million was generated in
the Silicon & Wafer segment, and EBIT of EUR -61.1 million. The Solar
Cell & Module segment continued to report a strong trend with revenue
of EUR 546.5 million and EBIT of EUR 102.3 million. The Thin Film
segment contributed EUR 23.9 million of revenue and EUR -16.0 million
of EBIT to the consolidated results.

New order intake in the first three quarters amounts to a provisional
figure of EUR 410.7 million.

The Management Board has responded to the changes in overall
conditions with an extensive catalogue of measures including a
targeted sales campaign, an expansion of the "Performance Plus"
cost-efficiency program, and a task force to particularly further
develop the silicon & wafer segment. Discussions about contracts with
potential customers in the Middle East and North Africa (MENA) region
are developing positively. Alongside the traditionally strong
business in Asia, the Group aims to further expand its already good
market position in this growth region. The company will further
expand its strengths in its core business and integrated factories
area with the investments that it has already launched.

With its flexible production model, centrotherm photovoltaics has
positioned itself well to meet the challenges presented by the solar
market. For example, the massive buildup of overtime hours and
vacation that was acquired in the production area during the boom
phase is to be reduced this year. The Management Board anticipates
that the solar market will continue to report sustainable growth
following its current phase of weakness.

centrotherm photovoltaics will publish its interim report as of
September 30, 2011 on November 10.

Further inquiry note:
Saskia Feil
Tel: +49 (0) 7344 918-8890
saskia.feil@centrotherm.de

end of announcement euro adhoc
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issuer: centrotherm photovoltaics AG
Johannes-Schmid-Str. 8
D-89143 Blaubeuren
phone: +49 (0) 7344 91880
mail: info@centrotherm.de
WWW: http://www.centrotherm.de
sector: Energy
ISIN: DE000A0JMMN2
indexes: TecDAX
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English