Conergy sees Q1 sales boost

German PV group Conergy maintained its guidance for a return to operating profit this year as sales in the first quarter soared, but losses still widened amid a carry-over effect of a fall in prices at the end of 2012.

“This is the best opening quarter Conergy ever recorded in terms of volume. We have gained market share, almost doubled our volume and increased sales by one quarter, despite the sustained excess capacities in the global market," said Conergy CEO Philip Comberg in an earnings release today.

“Although the substantial fall in prices affected our income for a large part of the first quarter, prices have become more stable and have even risen slightly in some cases since mid-March,” he said.

Conergy saw its volume increase by 83% to 128MW in the first quarter from a year earlier, pushed up by a Log in to read complete article.

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