centrotherm photovoltaics AG

EANS-News: Next step in reorganization process: centrotherm discontinues operations at Vienna branch

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Company Information


Blaubeuren (euro adhoc) - Blaubeuren, August 22, 2012 - As part of its ongoing
reorganization process, centrotherm photovoltaics AG is continuing its
concentration on its core business. In a further step, the operations and
financial backing of the Vienna branch, centrotherm power solutions GmbH, are
being discontinued. centrotherm power solutions GmbH specializes in engineering
services and large-scale project management. The 38 staff who are affected by
this move have already been informed of this decision.

Due to the decision taken by the parent company's Management Board to no longer
procure services, and also to no longer render payments, there is no longer any
positive forecast for the continued existence of centrotherm power solutions
GmbH. For this reason, various options for action are being reviewed relating to
the winding-down of the company according to Austrian law.


About centrotherm photovoltaics AG
centrotherm photovoltaics AG, which is based at Blaubeuren, Germany, is a
globally leading technology and equipment provider for the photovoltaics sector.
The company equips well-known solar companies and new sector entrants with
turnkey production lines and single equipment to manufacture silicon, and
crystalline solar cells and modules. As a consequence, the Group possesses a
broad and well-founded technological basis, as well as key equipment at
practically all steps of the photovoltaics value chain. centrotherm
photovoltaics guarantees its customers important performance parameters such as
production capacity, efficiencies, and completion deadlines. The Group currently
employs around 1,400 staff, and operates globally in Europe, Asia and the USA.
centrotherm photovoltaics achieved revenue in the 2011 financial year of around
EUR 700 million. The company is listed in the Prime Standard on the Frankfurt
Stock Exchange.


Further inquiry note:
Kontakt:
Saskia Feil
Senior Manager Investor & Public Relations
Tel: +49 7344 918-8890
E-Mail: saskia.feil@centrotherm.de

Nathalie Albrecht
Manager Public Relations
Tel: +49 7344 918-6304
E-Mail: nathalie.albrecht@centrotherm.de

end of announcement                               euro adhoc 
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company:     centrotherm photovoltaics AG
             Johannes-Schmid-Str. 8
             D-89143 Blaubeuren
phone:       +49 (0) 7344 91880
mail:     info@centrotherm.de
WWW:      http://www.centrotherm.de
sector:      Energy
ISIN:        DE000A0JMMN2
indexes:     Prime All Share, GEX, ÖkoDAX
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing/prime standard: Frankfurt 
language:   English
 



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