SiC Processing GmbH
SiC Processing announces Financial Results 2010
SiC Processing GmbH / Key word(s): Finance/ 25.05.2011 / 14:50 Hirschau, 25th May, 2011 - SiC Processing GmbH, the leading provider for the conditioning of used slurry from the photovoltaic and semiconductor industry announces its audited financial results 2010. Total net revenues increased from EUR 100,312,000 in 2009 to EUR 160,872,000 in 2010. By geography and location of customers this means - Germany EUR 27,300,000 (2009 EUR 21,300,000), rest of Europe EUR 85,800,000 (2009 EUR 51,700,000) and rest of world EUR 47,800,000 (2009 EUR 27,300,000). Cashflow could be increased by EUR 21,395,000 to EUR 44,425,000 in 2010. The Group reached EBITDA EUR 51,285,000 in 2010 compared to EUR 26,008,000 in 2009. With a production capacity of 215,000 tons per year which means 5,4GW installation, SiC Processing is represented in 5 countries all over the world at the end of 2010. Production sites are located in Germany, China, Norway, Italy and USA. In 2010 SiC Processing was able to enhance its worldwide market share of 40% for the recovering and recycling of used sawing suspension. Further expansion plans of the company indicate an increase of 100 % in production capacities to 400,000 tons per year worldwide by end of 2012. The audited financial results please find at website of SiC Processing. http://www.sic-processing.com/index.php/unterlagen.html Pressekontakt / Press Contact: Markus Kreuzer Marketing and Communications Manager Telefon/Phone: 0049 (0) 9622 - 70 39 273 E-Mail: markus.kreuzer@sic-processing.de End of Media Release --------------------------------------------------------------------- 25.05.2011 Dissemination of a Press Release, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 126177 25.05.2011
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