Conergy reports heavy losses in 2011

Conergy reports heavy losses in 2011

29.03.2012: German solar module maker Conergy AG saw a decline in revenue in 2011 and recorded a net loss of €162 million. Sales declined from €914 million in 2010 to €754 million in 2011, and the company's EBIT loss grew from €-14 million to €-183 million. In 2012, Conergy's management board expects sales to decline further, but it hopes to achieve an improved EBITDA. … Source: Conergy AG; Summary: PHOTON http://www.conergy-group.com http://www.conergy-group.com/en/desktopdefault.aspx/tabid-39/57_read-2342/ The complete press release can be viewed in PHOTON's archive using the following link: http://www.photon-international.com/newsletter/document/63076.pdf

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com