centrotherm photovoltaics Confirms Figures for Financial Year 2007 and Looks to the Future with Optimism

. Sales in 2007: E166.2 million (+ 53.1%)

. EBIT nearly doubled to E21.1 million (+87.1%)

. Record order volume: currently E676.3 million

(E462.7 at end of the financial year)

. Further increase in sales and earnings expected in 2008

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balance/Final results 2007

Blaubeuren (euro adhoc) - Blaubeuren, March 31, 2008 - Today,
centrotherm photovoltaics AG submitted its annual report for the year
2007, thereby confirming the preliminary figures. In the 2007
financial year the technology and services provider for manufacturers
of solar cells and solar silicon successfully continued on its growth
course and clearly exceeded the consensus estimate of financial
analysts.

Clear Increase in Sales and Earnings

As already announced with its preliminary figures, the company's
sales climbed by 53.1% from E108.5 million (pro forma) to E166.2
million. The trend in earnings clearly outpaced sales. Based on
overall performance, the company was able to increase its operating
result (EBIT) by 87.1% to achieve a total of E21.1 million, thereby
improving its EBIT margin to 12.5%. Likewise, there was a clear
increase in the company's consolidated net profit for the year from
E7.1 million (pro forma) to E13.6 million, while earnings per share
amounted to a total of E1.36.

"The year 2007 was outstanding for us in many ways," as Oliver
Albrecht, CFO at centrotherm photovoltaics AG, stated. "Of course our
successful debut on the stock market represented a particular
highlight. We not only have the required capital in order to
resolutely advance our expansion strategy, but we are now also
profiting from greater attention in our search for new qualified
staff. And once again, we succeeded in clearly increasing our sales
and result in financial year 2007, even exceeding the consensus
forecast of financial analysts."

Strongly Financing Cash Flow from Stock Market Launch Provides
Foundation for Continued Expansion

In addition to successful growth, the 2007 financial year was
decidedly marked by important strategic objectives. With the
company's launch on the stock market it obtained the financial
latitude needed in order to make even more resolute use of the
potentials the photovoltaic market offers. As a result, the company
had cash resources available in the amount of E163.2 million and an
equity capital ratio of 59.1% by the end of the year under review. At
the same time, the company vigorously advanced its development of
foreign business. As a high performance partner in the manufacture of
solar cells and solar silicon, centrotherm photovoltaics operates on
a global scale and offers a wide range of products and services,
including key equipment and turnkey production lines for crystalline
and thin film solar cells. The importance of the company's
international business is reflected particularly in the further
increase in its export ratio - approximately 82% of overall sales
were generated outside of Germany, compared with 78% in the previous
year.

Strategic Focus on the New Solar Silicon and Thin Film Divisions

Since 2007, centrotherm photovoltaics has offered equipment and
consulting services for the production of polysilicon. Through the
associated company SolMic, which is managed by experienced experts in
this field, centrotherm customers are provided with consulting
services on establishing polysilicon plants. In this case, the
entrepreneurial focus of business is on the optimization of the
required reactors through process automation, as well as the
expansion of the relevant product portfolio.

With regard to resource efficient thin film technology, centrotherm
photovoltaics draws on copper indium gallium diselenide compounds
[CIGS], enabling customers to manufacture entirely without toxic
gases and obtain high levels of efficiency - currently approximately
19.9% in research - compared with other thin film technologies. At
present, strategic work is being carried out on a cost-efficient
production process and further optimization of the corresponding
equipment. The acquisition of FHR Anlagenbau GmbH represents a
milestone along the way to achieving this goal, and supplements the
company's existing technology portfolio with the technology and plant
construction elements for sputtering systems. Sputtering technology
is a key technology and an essential component for the production of
thin film solar modules. The establishment of a CIGS reference line
is already in progress and centrotherm photovoltaics plans to advance
its development of sputtering technology even further.

Forecast for 2008 Based on High Order Volume

The centrotherm photovoltaics Management Board is decidedly confident
with regard to the company's future and assumes that the dynamic
development of the global photovoltaic market will continue in the
year 2008 as well. The company achieved the highest order volume in
its history with a current volume of orders amounting to E676.3
million and E462.7 million as of December 31, 2007. centrotherm
photovoltaics expects to see sales of between E 330 and 350 million
and an EBIT margin of at least 12.5% for the year 2008.

"Our aim is to establish solar energy as a competitive, alternative
energy source," comments Robert Hartung, Speaker of the Board at
centrotherm photovoltaics. "In recent years we took a big step toward
this goal and enabled our customers to lower their production costs
and thereby manufacture ever more efficient and inexpensive solar
cells and solar silicon. Therefore we are convinced that in just a
few years photovoltaic resources will be able to partially replace
fossil fuels without subsidies."

The annual report 2007 is available on the company's website
www.centrotherm-pv.de.

About centrotherm photovoltaics AG

centrotherm photovoltaics AG is an internationally leading provider
of technology and services for the production of solar cells and
solar silicon. The broad range of products and services comprises key
equipment and turnkey production lines for crystalline and thin film
solar cells. Business operations currently focus on the growth
market of Asia. The international customer base includes
well-known companies from the solar sector. The company, which is
based in Blaubeuren near Ulm, currently has over 320 employees.

centrotherm photovoltaics AG
Johannes-Schmid-Strasse 8
89143 Blaubeuren
Internet: www.centrotherm-pv.de

ISIN: DE000A0JMMN2
WKN: A0JMMN
Admitted to the Regulated Market/Prime Standard, Frankfurt Securities
Exchange
Corporate domicile: Germany

end of announcement euro adhoc
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ots Originaltext: centrotherm photovoltaics AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Company contact:

Saskia Schultz-Ebert

Senior Manager Investor Relations

Tel: +49 7344 918-8890

E-mail: saskia.schultz-ebert@centrotherm.de

Press contact:

Grit Pauli

HOSCHKE & CONSORTEN Public Relations GmbH

Tel: +49 40 3690 50-31

E-mail: g.pauli@hoschke.de

Branche: Energy
ISIN: DE000A0JMMN2
WKN: A0JMMN
Börsen: Börse Frankfurt / regulated dealing/prime standard


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