to-the-point: Centrotherm's revenues, EBITDA top guidance

Image by centrotherm (www.centrotherm.de). All Rights Reserved.

March 4 (Renewables Now) - Centrotherm International AG (FRA:CTNK) on Friday said, citing preliminary figures, its revenues and EBITDA for 2018 have exceeded the manufacturing equipment supplier’s forecast.

Revenues for the year stood at around EUR 180 million (USD 204.7m), while the company had guided for a top line of EUR 110 million to EUR 150 million.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are expected to surpass EUR 6 million. Centrotherm, which provides technology to the PV, semiconductor and microelectronic industries, had forecast a breakeven result for 2018.

The annual report of the company will be published on April 3.

(EUR 1 = USD 1.14)

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