centrotherm photovoltaics AG is a German company engaged in the solar energy sector. The Company has two segments: Silicon and Solar cell/Thin film. It operates through its subsidiaries, including centrotherm photovoltaics technology GmbH, specializing in the provision of photovoltaics systems; centrotherm SiQ GmbH, offering reactors and conversion reactors for the solar silicon production; centrotherm photovoltaics Asia Pte. Ltd, a Singapore-based company responsible for the project management and process maintenance within Asian market; FHR Anlagenbau GmbH, providing engineering, tool building and comprehensive services for the vacuum and coating technology; GP Solar GmbH, focusing on the quality control and process technology in the solar energy sector. Other wholly owned subsidiaries include centrotherm Si Tec GmbH, centrotherm Thermal Solutions GmbH & Co. Kg, centrotherm Thermal Solutions Verwaltungs GmbH, Michael Glatt Maschinenbau GmbH.
Quick Financial Synopsis
BRIEF: For the nine months ended 30 September 2009, centrotherm photovoltaics AG's total revenue increased 55% to EUR376.9M. Net income for the period increased 5% to EUR25M. Total revenue reflects an increase in demand for the Company's products and services, especially in Asia geographic segment. Net income for the period was partially offset by significantly higher personnel costs and increased other operating expenses.