For the first time since 2006, the ailing German PV manufacturer posted positive full-year earnings before interest, taxes, depreciation and amortization of €30.6m ($42m) – compared to a loss of €10.7m last year.
But that is where the unequivocally good news stops. And with a contentious extraordinary general meeting scheduled for 25 February, in which it will ask its shareholders to take a painful haircut on their loans, the company is not yet out of the woods.
Conergy
