Year End trading update
11 Gennaio 2010 - 8:00AM
UK Regulatory
TIDMPVCS
RNS Number : 2902F
PV Crystalox Solar PLC
11 January 2010
11 January 2010
PV Crystalox Solar plc
("the Group")
Year End Trading Update
Trading in the period since our Interim Management Statement on 19 November 2009
("the November Statement") has been in-line with management expectations.
Volumes through to the end of the year benefited from incentive programmes in
certain key end markets, although pricing remained under pressure. The Group
announces that wafer shipments for the full year were 239 MW which marginally
exceeded the upper end of the guidance of 230-235 MW provided in the November
Statement. As expected the Group ended the year with a strong cash position.
The Group's directors continue to believe that our longstanding relationships
with major PV companies, strong balance sheet and continuing focus on cost
reduction and operating efficiency gives the Group resilience to compete
effectively in the current uncertain market environment. Accordingly, we are
well placed to benefit from any sustained upturn in the PV market.
-ends-
Enquiries:
+-----------------------------------------------------+--------------------+
| PV Crystalox Solar | Tel: 01235 437160 |
+-----------------------------------------------------+--------------------+
| Iain Dorrity, CEO | |
+-----------------------------------------------------+--------------------+
| Peter Finnegan, CFO | |
+-----------------------------------------------------+--------------------+
| | |
+-----------------------------------------------------+--------------------+
| Financial Dynamics | Tel: 020 7831 3113 |
+-----------------------------------------------------+--------------------+
| Juliet Clarke / Giles Sanderson / Haya | |
| Herbert-Burns | |
+-----------------------------------------------------+--------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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