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CENTROSOLAR Group AG Walter-Gropius-Straße 15 80807 München, Germany http://www.centrosolar-group.com
Contact Mr Georg Biekehör +49 6181 9828030
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CENTROSOLAR Group AG

Sales in core business area increased by 29 % - customer failures at Centrosolar Glas and impairments undermine earnings

(PresseBox) (Munich, )
Despite the difficult underlying situation in the photovoltaic market, CENTROSOLAR was able to increase its international sales of modules and systems by 29 % in the third quarter compared with the prior-year quarter. At the same time sales for the solar glass area fell well short of the previous year's figures. With market consolidation in full spate and weak demand worldwide, many customers scaled back their planned purchasing volumes. In addition, the bankruptcy of two important glass customers during the past two quarters has led to temporary dips in revenue and earnings.

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