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centrotherm photovoltaics AG

euro adhoc: centrotherm photovoltaics AG
Financial Figures/Balance Sheet / centrotherm photovoltaics achieves substantial increase in sales and earnings in 2007

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
provisional figures
25.02.2008
[pic]
Ad hoc release pursuant to Section 15 of the German Securities 
Trading Act
centrotherm photovoltaics achieves substantial increase in sales and 
earnings in 2007
. Sales reach EUR 166.2 million (previous year: EUR 108.5 million)
    . EBIT reaches EUR 21.1 million (previous year: EUR 11.3 million)
    . Analysts' consensus estimates at time of flotation exceeded
Blaubeuren, February 25, 2008 - centrotherm photovoltaics AG presents
provisional figures for financial year 2007: The technology and 
service provider to manufacturers of solar cells and solar silicon 
expects recorded sales to come in at EUR 166.2 million. That equates 
to an increase of 53 percent over the year before (EUR 108.5 million 
pro- forma). Total output rose to around EUR 168.7 million (previous 
year: EUR 107.8 million pro-forma). The operating result (EBIT) was 
virtually doubled to some EUR 21.1 million (previous year: EUR 11.3 
million pro- forma). The EBIT margin - based on total output - is 
expected to be 12.5 percent (previous year: 10.5 percent pro-forma).
With these figures the company based in Blaubeuren in 
Baden-Württemberg has substantially exceeded the analysts' consensus 
forecast for sales (EUR 142 million) and EBIT (EUR 14 million) at the
time of its flotation.
---- End of the ad hoc release ----
Additional information:
"2007 was an excellent year for us in which we achieved some 
important strategic objectives," commented Oliver Albrecht, CFO of 
centrotherm photovoltaics AG.  "Of course I would like in particular 
to emphasize our successful IPO in October 2007. This injection of 
fresh capital enables us to consistently pursue our strategy of 
expansion in our solar cells and solar silicon business segments. By 
raising our public profile we have been able to consolidate our 
position as an attractive employer and recruit some top 
technologists. Particularly in our new segments of thin film and 
silicon technology, this is a major factor in our success."
As announced at the time of flotation, the worldwide development of 
the company network and the intensification of research and 
development activities are among the declared aims of centrotherm 
photovoltaics. The company has already made progress towards these 
objectives: In addition to setting up some new subsidiaries, another 
research and development center is currently being created at company
headquarters in Blaubeuren with the inclusion of a thin film 
laboratory and a pilot production facility. The center will use the 
latest technology and equipment to carry out development and testing 
in order to further increase the efficiency of the centrotherm 
photovoltaics production lines and enhance the company's 
technological expertise.
Oliver Albrecht continued:  "Our annual results prove the success of 
our strategy and show that we are in a position to realize the 
potential of the worldwide growth market for photovoltaics."
At the time the final figures are announced and the annual report for
2007 is published on March 31, 2008, the company will also release a
forecast for the current year.
end of announcement                               euro adhoc

Further inquiry note:

Saskia Schultz-Ebert
Senior Manager Investor Relations
Tel: +49 7344 918-8890
E-mail: saskia.schultz-ebert@centrotherm.de

Press contact:
Grit Pauli
HOSCHKE & CONSORTEN Public Relations GmbH
Tel: +49 40 3690 50-31
E-mail: g.pauli@hoschke.de

Branche: Energy
ISIN: DE000A0JMMN2
WKN: A0JMMN
Börsen: Börse Frankfurt / regulated dealing/prime standard

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