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PV CrystaloxSolarOrd3.0206P (PVCS)

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08-Nov-2017 01:57 PM

PV Crystalox updates on arbitration award

PV Crystalox Solar said it has received notification of the final award rendered by the International Court of Arbitration of the International Chamber of Commerce in the matter filed by the Group in March 2015. The award relates to an outstanding long t
13-Jul-2017 02:03 PM

PV Crystalox to close UK manufacturing operations

PV Crystalox Solar has announced that, in order to better align production costs with market prices and further reduce overheads, it proposing to stop block production and instead source blocks from an external supplier. As a result it is expected that a
19-Mar-2015 07:43 AM

PVCS swings to FY pretax loss

PV Crystalox Solar has swung to a FY pretax loss of 4.65m euros, from a year-ago profit of 6.63m euros. Revenues totalled 53.33m euros, from 71.44m euros. CEO Iain Dorrity said the group made steady progress during 2014 in its limited objectives to ramp
19-Nov-2014 07:22 AM

PVCS' margins

PV Crystalox Solar said the strengthening of the US dollar and the weakening of the Japanese yen in recent weeks are expected to impact positively the Group's gross margins, although these remain negative. It expected FY wafer shipments to be within
19-May-2014 08:36 AM

PVCS looks to H2 for improved market environment

PV Crystalox Solar said an improved market environment with a reduction in oversupply and more favourable pricing is expected in the second half of the year as the rate of PV installations in China accelerates to meet the 14GW national target for 2014.
20-Mar-2014 08:53 AM

PV Crystalox Solar swings to FY pretax profit

PV Crystalox Solar swung to a FY pretax profit of 6.6m euros, from a loss of 30.7 euros. Revenue was 71.4m euros, from 46.3m euros. Lower costs of materials, higher revenue, lower wages and restructuring costs all contributed to the turnaround. PVCS book
15-Aug-2013 07:36 AM

Crystalox narrows H1 pretax loss to 0.9m euros

PV Crystalox Solar narrowed its first-half pretax loss to 0.9 million euros, from a loss of 11.9 million euros. Revenues totalled 28.6 million euros, from 32.6 million euros. The company said industry oversupply continued to maintain pressure on pricing
01-Jul-2013 10:37 AM

Management acquire PVCS plant in Germany

PVCS has agreed the disposal of its polysilicon operations in Bitterfeld, Germany, to a management buy-in team. The team will acquire the plant through Silicon Products Research Engineering Production. No consideration is being received for this trans
16-Aug-2012 08:26 AM

PV Crystalox sees revenue and profits slide

PV Crystalox Solar suffered an EBIT loss of �?¬12.2 million on reduced revenues of �?¬32.6 million (H1 2011: �?¬129.6 million); a significant fall from the EBIT profit for H1 2011 of �?¬24.3 million. Although the Group recognised custome
24-May-2012 04:01 PM

PV Crystalox Solar resolutions passed at AGM

All resolutions tabled at PV Crystalox Solar's annual general meeting were passed by shareholders. At 4:01pm: (LON:PVCS) share price was -0.12p at 8.74p Story provided by
18-May-2012 08:24 AM

PV Crystalox Solar highlights tough trading conditions

PV Crystalox Solar says trading conditions remain extremely challenging, with significant industry overcapacity and high inventory levels maintaining the intense pressure on prices which developed during last year. Spot wafer prices have fallen by 70% s
28-Mar-2012 08:27 AM

No dividend declared by PV Crystalox Solar

PV Crystalox Solar's shipment volumes of 384MW in 2011 were slightly above the 378MW achieved in 2010 but results for the year in general were disappointing. Group revenue was 17% lower at �?¬210.4 million due to the effect of lower average sel
21-Oct-2011 02:08 PM

PV Crystalox Solar nose dives on loss warning

Shares in solar company PV Crystalox Solar (LON:PVCS) have plunged nearly 40% after the company announced a reduction in production and signaled that it will make a loss in 2011. A management statement for the period from 30 June 2011 to 21 October showe
21-Oct-2011 07:43 AM

Reduced production and job losses for PV Crystalox Solar

PV Crystalox Solar PLC has issued a management statement for the period from 30 June 2011 to 21 October showing the anticipated recovery in PV end-market demand stimulated by lower module prices has been weaker than expected in the second half of 2011, pa
18-Aug-2011 07:21 AM

PV Crystalox Solar conscious of pricing pressures

PV Crystalox Solar has released interim results for the 6 months ended 30 June 2011 showing Strong H1 performance but the company continues to expect difficult trading conditions in H2. Revenues were up by 16% to €129.6million (H1 2010: €111.7
28-Jun-2011 07:19 AM

PV Crystalox fears operating loss

PV Crystalox Solar plc has announced that, as a result of the widely reported adverse PV market conditions experienced in recent weeks, Group shipment volumes in the first half of the year will be slightly below the guidance of 210-225MW given in its Inte
24-Mar-2011 08:48 AM

PV Crystalox Solar profit down 20.7% after prices slump

Photovoltaic silicon wafers provider PV Crystalox Solar plc reported a 20.7% fall in pre-tax profit to €33.7m from €42.5m for the year to December as selling prices dropped sharply. The group, which supplies leading solar cell manufacturers,
11-Feb-2011 11:23 AM

PV Crystalox schedules finals

Photovoltaic silicon wafers provider PV Crystalox Solar plc will deliver its results for the year to December on March 24. Story provided by
19-Nov-2010 08:14 AM

PV Crystalox to expand capacity as demand strengthens

Silicon wafers producer PV Crystalox Solar said demand has strengthened and its production has operated at full capacity during the second half. Full-year shipment volumes are now expected to be around 350MW, ahead of the 320-340MW range indicated at the
19-Aug-2010 08:14 AM

PV Crystalox Solar halves divi as pricing pressure hits H1

Solar wafer manufacturer PV Crystalox Solar halved its interim dividend to 1€c after reporting a 59% fall in net income to €6.65m from €16.40m. Revenue for the six months to June 30 was €111.7m, down from €121.6m. The group said
19-May-2010 01:10 PM

PV Crystalox Solar sees increased demand

PV Crystalox Solar has seen increasing demand for its products with market growth being driven by the impending cut in the feed in tariff in Germany which will now be implemented from 1 July. Shipment volumes for the first half of the year are now expe
09-Apr-2010 11:44 AM

Vestra Wealth ups stake in PV Crystalox Solar

Vesta Wealth has added to its stake in PV Crsytalox Solar. On 24 March 2010 it doubled its holding to 21.574m shares, representing a holding of 5.75%. Story provided by Business Financial Newswire...
25-Mar-2010 08:35 AM

PV Crystalox Solar EBIT down 53% at €50m

Photovoltaic silicon wafers group PV Crystalox Solar reported adjusted EBIT excluding currency of €50.0m for the year to December, down from €106.5m. Revenues totalled €237.3m, in line with expectations, against the 2008 figure of &euro
04-Mar-2010 11:17 AM

Morning broker moves round-up

Admiral cut to equal-weight from overweight at Morgan Stanley, target raised to 1411p from 1344p. Also downgraded to hold from buy at Citigroup. Cairn Energy upgraded to buy from neutral at UBS. Meggitt downgraded to neutral from buy at Nomura, target
17-Feb-2010 09:26 AM

PV Crystalox names finals date

PV Crystalox Solar, the provider of photovoltaic silicon wafers, will report its results for the year ending December 31 on March 25. Story provided by Business Financial Newswire...
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