Q-Cells CEO optimistic for 2008 – Focus magazine
Frankfurt, Feb 5, 2008
Source: Reuters
http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews
/idUSL0555383620080205
German solar cell maker Q-Cells (QCEG.DE: Quote, Profile, Research) is satisfied with last year’s performance and is upbeat about its development in 2008, Q-Cells’ chief executive told German magazine Focus Money in an interview. “I’m very pleased with the way 2007 went, not only in terms of sales and earnings, but also on a technological basis,” Anton Milner was quoted as saying by Focus Money.
The magazine added that the CEO was optimistic about the current year. Q-Cells had aimed in 2007 for a production volume of about 370 megawatt peak (MWp), with sales of well over 800 million euros and net income in its core business of about 120 million. The company is due to report preliminary full-year results on Feb. 19.
Milner added that the company may have overtaken Japan’s Sharp Solar (6753.T: Quote, Profile, Research) as the world’s largest solar cell producer last year. “I think, yes, if you include the production of our joint venture EverQ,” Milner said.
EverQ is a joint venture with U.S. firm Evergreen Solar (ESLR.O: Quote, Profile, Research) and Norway’s Renewable Energy Corporation (REC.OL: Quote, Profile, Research) (REC) and produces solar wafers, cells and modules. (Reporting by Eva Kuehnen; Editing by Quentin Bryar)