Sharp announces 18 percent decrease in solar PV sales in Q1

Sharp's Solar Cells division reports a significant drop in domestic residential PV sales
Sharp's Solar Cells division reports a significant drop in domestic residential PV sales

Sharp Corp. (Osaka, Japan) has published Q1, FY 2014 (March–June, 2014) results for its Solar Cells division, and announced USD 672 million in sales and a 0.3% operating margin. This represents an 18.1% decrease in revenues over Q1, 2013 (USD 821 million).

The company revised its full-year 2014 sales forecast by 34% to USD 2.8 billion, and expects total shipments of 2 GW in 2014 (2013: 2,098 GW). Operating income dropped from USD 66 million in Q1, 2013 to USD 0.974 million in Q1, 2014.

 

Significant drop in Japanese residential PV sales

Sharp notes favorable results for industrial PV applications including mega-solar power generation in Japan, and deteriorated earnings due to a significant drop in sales of domestic residential PV applications and decrease in sales of overseas developer business.

The company announced to transform business models by expanding the EPC sales ratio and shift to IPP/O&M and other energy solution business. Profit also will be improved by structural reforms in Europe, Sharp says.

 

2014-08-04 | Courtesy: Sharp Corp. | solarserver.com © Heindl Server GmbH

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