+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
 
Loading...
{megaLeaderboard}
{normalLeaderboard}
News Article

Schletter Group reports significant growth in the first quarter

News

The Schletter Group, a global manufacturer of solar mounting systems, continued its strong and profitable growth in the first quarter. At EUR 112.4 million, the company's revenue in the first quarter of 2023 was around 90 percent higher than in the same period of the previous year. The Schletter Group had already reported strong growth in 2022 and, with annual revenue of around EUR 342 million, had moved into the top ten of the world's largest manufacturers of solar mounting systems.

"Our continued dynamic growth is proof of our excellent strategic and operational position in the market," emphasized Florian Roos, CEO of the Schletter Group. "We also have a positive cash flow, which enables us to finance further growth from our own resources". The Schletter Group has been growing faster than the market for more than a year and has gained significant market share. The company achieved its highest growth rates in Germany, China, Türkiye, and South Korea. The ground-mounted business was particularly dynamic, with sales tripling.

In addition to the positive cash flow, the Group's overall financial position is very strong. Cash and cash equivalents of EUR 42 million are offset by financial liabilities of EUR 66 million resulting from the bond placement in 2022. The ratio of total senior secured debt to adjusted EBITDA also remains very low at 0.8. "This extremely positive development of our company's financial data puts the Schletter Group in a good position to finance further growth and investments, such as the expansion of production via the new plant in Turkey, from its own resources," said Schletter CFO Martin Lipp.

The number of employees has also continued to grow. In the first quarter of the year, the group hired more than 180 new employees worldwide and now employs more than 700 people.

Schletter is currently preparing for the world's leading solar industry trade show, Intersolar Europe, which will be held in Munich in June. At the show, the company will be unveiling two major product innovations: a new Agrivoltaics system and a PV carport. "Agrivoltaics and solar carports are important growth markets in which we will continue to gain market share with our new products," said Dr.-Ing. Cedrik Zapfe, head of development and CTO of Schletter.

Schletter Group: 48 MWp Project in Italy
ENCAVIS Acquires Two More Solar Parks In Spain and Surpasses The Planned Expansion
Maximum profitability with KACO advanced technology for complex solar roofs
Enviromena wins contract to re-power three major solar farms ahead of the summer energy peak
New Swansea University Collaboration to Support Sustainable, Locally Manufactured Solar PV
New Swansea University Collaboration to Support Sustainable, Locally Manufactured Solar PV
Next2Sun Builds World's Largest Vertical PV Plant at Frankfurt Airport
DNV Publishes Bankability Study of Solcast Satellite Irradiance Data
Steel company SSAB switches to fossil-free energy in Italy with PV solution from Solnet
janom Investments enters the Croatian solar energy industry by investing in a 30 MW power plant project
Trina Solar Vertex S+ 505W n-type dual-glass modules enter mass production
BayWa r.e. and 3E sign partnership agreement for monitoring & analytics of global PV portfolio
Accelerating Spain's Energy Transformation: LONGi to supply Naturgy with 1 million modules in new deal
NTR announces corporate PPA with Almac Group to buy energy from Murley Wind Farm, Northern Ireland
Oxford PV sets new solar panel efficiency world record
Order Intake for the Construction of Wind Turbines in Turkey
Trilantic Europe acquires stake in AEROCOMPACT Group
Octopus Energy makes solar farm debut in Germany
Austria-based KOGA Energy, a solar EPC solutions provider, has kicked off.
Exus to acquire 625MW New Mexico solar portfolio
Capcora Accompanies SUSI Partners In Raising Senior Debt For a Polish Renewables Portfolio
Qualitas Energy acquires a 96 MW wind energy project pipeline in Germany
Nordex Group receives orders from the UK for approx. 150 MW
Trina Solar gains EPD certification from UL Solutions and EPDItaly for industry leading modules
Mandarin Oriental Hyde Park, London instals innovative solar tech to decarbonise heating
Efficiency First: The Road to Electrification
SCHLETTER Supplies Austria's Largest PV Roof System
E.ON partners with UK renewable heat innovator Naked Energy
Sonnedix signs innovative EUR500 million loan facility to finance construction of its renewable electricity pipeline in Europe and UK
Construction begins on Glennmont and Ørsted’s Borkum Riffgrund 3 offshore wind farm in Germany
ABB shores up reliable power supply at Southeast Asia’s largest floating solar plant
Sonnedix starts construction of 300MW UK solar PV portfolio

×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Solar + Power Magazine, the Solar + Power Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: