29 Mar '16, 4pm

Singulus still expects loss in 2016 despite strong revenue guidance from major orders

Singulus still expects loss in 2016 despite strong revenue guidance from major orders

On a regional basis, sales to Asia accounted for 51.4% of total sales, followed by US (30.7%), Germany (7.2%) and Europe (excluding Germany) 9.1%. Sales to Africa and Australia accounted for 1.6% of total sales in 2015. PV manufacturing equipment specialist Singulus Technologies has recently reported a loss of €34.5 million in 2015, while forecasting a small expected loss in 2016 on sales guided to be in the range of €115 to €130 million, compared to €83.7 million in 2015. Sales increased 25.3 % in 2015, primarily due to two major orders in its Solar division, while sales in its Optical Disc and Semiconductor divisions sales declined, year-on-year. Solar division sales in 2015 accounted for 59.9% of the total (€50.1 million), compared to 22.6% (€15.10 million) in 2014. On a regional basis, sales to Asia accounted for 51.4% of total sales, followed by the US (30.7%), German...

Full article: http://www.pv-tech.org/news/singulus-still-expects-loss-i...

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