PV Crystalox Solar PLC Interim Management Statement (3708X)
November 19 2014 - 2:00AM
UK Regulatory
TIDMPVCS
RNS Number : 3708X
PV Crystalox Solar PLC
19 November 2014
PV Crystalox Solar PLC
19 November 2014
Interim Management Statement
PV Crystalox Solar PLC ("the Group") announces its Interim
Management Statement on a voluntary basis for the period from 1
July 2014 to the date of this announcement. From 7 November 2014,
the requirement in the Disclosure Rules and Transparency Rules to
publish interim management statements has been removed. As a result
the Group will cease publishing such statements after this one.
The PV market is slowly adjusting to the changes brought about
by the imposition of fresh US anti-dumping duties in July on solar
cells from China and Taiwan. Prices across the value chain have
seen very modest gains from the recent low point reached in late
August and wafer prices remain below industry production costs. PV
installations are expected to be at record levels in Q4 with
industry analyst NPD Solarbuzz forecasting global PV installations
to reach 50GW in 2014.
The Group expects full year wafer shipments to be within the
range 200-220MW in accordance with the guidance given in the 2014
Interim Report. The strengthening of the US dollar and the
weakening of the Japanese yen seen in recent weeks are expected to
impact positively the Group's gross margins, although these remain
negative.
Enquiries:
PV Crystalox Solar plc +44 (0) 1235 437160
Iain Dorrity, Chief Executive Officer
Matthew Wethey, Chief Financial Officer and Group Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
IMSBUBDBLUBBGSI
Pv Crystalox Solar (LSE:PVCS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Pv Crystalox Solar (LSE:PVCS)
Historical Stock Chart
From Jul 2023 to Jul 2024