EANS-Adhoc: centrotherm photovoltaics AG: scope for financial maneuver restricted
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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13.06.2012
Blaubeuren, June 13, 2012 - Due to the continued poor market environment, and
the resultant strained financing situation, merchandise credit insurance
companies have today informed centrotherm photovoltaics AG that they will no
longer insure merchandise deliveries to the centrotherm photovoltaics Group.
Based on this information, the Management Board anticipates a negative
liquidity effect in a low double-digit amount in millions of euros.
In coordination with its banks, centrotherm photovoltaics AG has mandated a
renowned management consultancy company to prepare a reorganization report that
is to form the basis for further discussions with banks to secure the Group's
financing. Until further notice, open credit and guarantee lines can no longer
be utilized given current financing discussions with banks.
---End of the ad hoc announcement ---
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 employed
around 1,900 staff as of the December 31, 2011 reporting date, 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:
Contact:
Saskia Feil
Senior Manager Investor & Public Relations
Tel: +49 7344 918-8890
E-mail: saskia.feil@centrotherm.de
Dr. Torsten Knödler
Manager Public Relations
Tel: +49 7344 918-8898
E-mail: torsten.knoedler@centrotherm.de
end of announcement euro adhoc
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issuer: 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: TecDAX
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English