Despite downward pressure on prices of about 40% during the year, Conergy reduced its net loss in 2012 to €99m ($126.7m) from €164.5m in 2011, the company said today.
The result was also dragged down by an €18m extraordinary item in the third quarter, relating to the early termination of a wafer supply contract with US company MEMC.
“The termination of the contract with MEMC was, next to other measures, a basic and logical step of our restructuring,” Conergy CEO Philip Comberg said.
