SolarWorld and SMA with good numbers – German solar industry will right itself slightly
from China are the main competitors of the German solar industry. For the Conergy Group is coming from there, but supposedly the rescue. Other companies in the solar industry have been beaten in the first quarter of properly.
is a newspaper report that in front of a partial sale to China. A Chinese solar companies would take almost 30 percent of the shares, the “Financial Times Germany” on the reported Thursday, citing the business community. Conergy managers and board members have already met dozens of times with the interested parties. The business should be completed by summer. “It is no longer a question of if, but only of the tub,” said an insider of the leaf.There are accordingly a Chinese manufacturer of solar technology that is part of a corporate conglomerate. The Chinese government is not involved, but some managers are regierungsnah. The negotiations proceeded slowly. The basic principles of business was to agree, however.
The Hamburg-based solar company has long been struggling for survival after he was advised by mismanagement in 2007 to falter. Following a capital reduction and subsequent capital increase Conergy is one of a large part of hedge funds. Conergy is on the way as a system supplier and project developer in 2012 and hopes the first time – at least before interest, taxes, depreciation and amortization – a small profit. 2013, then even in the black numbers – the first time since 2005SolarWorld and SMA positive surprise
.The solar manufacturer SolarWorld makes have already registered for this year, however, hope for a return to profitability – at least in its operations. To start to the year, he benefited from an exceptional situation before the upcoming funding cuts and earned more than expected by experts. Earnings before interest and taxes rose in the first three months by about 13 percent to 31.5 million euros, as the Bonn-based company announced. Although net profit shrank to 7.2 million euros from 12.5 million a year ago. Analysts, however, had a significantly worse results expected and estimated EBIT of only 4.3 million euros and a net loss of almost 13 million euros.
When sales failed to SolarWorld € 170.5 million, however, the market expectations significantly by more than 50 million . The reason for the loss of CEO Frank Asbeck called a decline in demand for solar wafers, a component of solar modules. On the other hand provided the funding cutbacks to the federal government for solar electricity for a boom. “In Germany, our business in the first three months, influenced by a shift triggered once more by politics,” said Asbeck. Because of falling prices and high depreciation SolarWorld had entered 2011 with a decline to around 1.3 billion euros, a net loss of almost 300 million €. Operationally, the minus at € 233.2 million.
solar stocks on the rise
Up it went in the first quarter and for the solar technology group SMA , of the devices for feeding energy into the grid – manufactures – invert. He increased both turnover and profit, beating market expectations for the part. Operating profit tripled to 42.8 million euros, the company announced. The surplus surged to 10.3 million euros to 29.6 million high a year ago. CEO Pierre-Pascal Urbon founded the thriving business in key European markets with pent-up and pull-forward.
