Ersol Solar Energy AG reported its consolidated revenue increased 25% to EUR 160.2 million in 2007, up from EUR 127.8 million in 2006.
The company said key driving forces for the boost in revenue were increased cell production (from 40 MW in 2006 to 53 MW in 2007) and revenue from subsidiary aimex-solar GmbH in 2007.
Ersol said sales for 2008 will reflect an output of approximately 140 MWp of solar cells and about 20 MWp of amorphous thin-film modules.
Together with other segments, Ersol is anticipating total revenue of EUR 300 million to EUR 320 million. Sales of EUR 420 million to EUR 440 millionare forecast for 2009, based in part on a planned output of about 180 MWp in the crystalline segment and about 30 MWp in thin-film photovoltaic modules.
Ersol adds that it is planning to expand its capacities in the crystalline solar cell segment to about 550 MW by the end of 2012, and in the thin-film module segment, approximately 200 MW by 2012.
Ersol will publishing complete annual financial statements on 28 March 2008
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