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VDMA: Photovoltaic Equipment turnover grows 60% in the first Quarter of 2009

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VDMA: Photovoltaic Equipment turnover grows 60% in the first Quarter of 2009

The sales turnover of the manufacturers of equipment, machinery and plants for the photovoltaic industry in Germany for QI of 2009 has exceeded the respective quarter 2008 by 60%. The export ratio rose to 89%. The incoming orders significantly increased by 34% compared to the fourth quarter of 2008. This is the result of the current quarterly statistics that VDMA carries out specifically for this industry sector. For the second quarter the participating companies expect yet another turnover growth of nine per cent. The orders on hand remain at a high level, the range of orders only slightly went down to 10.2 production months. „The current oversupply of solar modules and financing problems of the manufacturers slow down the expansion of production capacities. Therefore, it comes as no suprise that the sales growth has declined significantly compared to the doubling it has seen for the last three years. Despite the general improvement incoming orders are still 16% below the first quarter of 2008“, says Dr. Eric Maiser, director of the VDMA photovoltaic equipment forum. 2009 will remain a difficult year for the entire industry. The participating companies report a significantly higher risk of cancellation or postponement of orders. Moreover, the results show a considerable spread: value chain effects tend to result in better business for machinery and plant manufacturers than for equipment makers.

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