Centrotherm International AG Reviews Strategic Financing Following Positive 2023 Preliminary Results

Centrotherm International AG has released its preliminary, unaudited financial results for 2023, showing a positive trajectory in business development. Even though the total operating performance achieved EUR 195 million, slightly lower than the forecasted EUR 220 million to EUR 260 million, the company reports an EBITDA of EUR 19 million, aligning with positive expectations. Incoming orders have hit around EUR 270 million, within the forecast range, leading to a significant order backlog of approximately EUR 540 million as of December 31, 2023.

In light of these results, the Management Board is exploring strategic financing options aimed at bolstering the company's financial strength to support accelerated growth and enhance its market position. Options under consideration include attracting a new strategic investor, executing capital increases, securing debt capital, and issuing hybrid financial instruments such as convertible bonds or bonds with warrants.

CEO Jan von Schuckmann highlights the potential for these financial strategies to elevate centrotherm’s innovation and market standing, especially considering the growing global market. The company, a technology provider and supplier of production solutions to the semiconductor and photovoltaic industries, aims to continue its growth trajectory by capitalizing on opportunities within its core expertise of thermal production solutions.