Conergy still faces an uphill battle in the face of blistering module price declines, however. It recorded a net loss of €5.6m ($6.9m) during the second quarter, and its sales plunged more than 35% year-on-year to €145.5m.

Nevertheless, Conergy’s second-quarter Ebitda of €500,000 contrasts sharply with the negative figure of €148m posted this week by German peer SolarWorld.

It bolsters the notion that Conergy has progressed significantly further than many of its European rivals when it comes to adapting to the harsh new realities of the global PV industry.

“We