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Solar machinery supplier Singulus turns to H1 profit

Source: Singulus Technologies (www.singulus.com)

August 14 (Renewables Now) - German photovoltaics (PV) production equipment maker Singulus Technologies AG (ETR:SNG) returned to profit in the first half of 2019 after its gross margin climbed to 32.3%.

The company’s profit for the period arrived at zero, as compared to a loss of EUR 2.4 million (USD 2.7m) in the same six months of 2018. Revenues stood at EUR 44.1 million. More details are available in the table.

Results in EUR million H1 2019 H1 2018
Order intake 27.1 65
Gross revenue 44.1 46.4
Gross margin 32.3% 28.8%
EBITDA (loss) 3.6 (0.3)
EBIT (loss) 1.6 (1.2)
Profit (loss) for the period 0 (2.4)

The company confirmed its forecast for higher sales and EBIT for the full year, supported by the solar division, and, more specifically, large CIGS orders. It also said its new segment Life Science is developing positively.

(EUR 1 = USD 1.12)

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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