The primary drivers of Schletter Group’s record quarterly revenue growth in the ground-mounted segment were a sharp increase of tracker installations and a number of large fixed-tilt orders from countries including Germany (105 megawatts), the Dominican Republic (50 megawatts), Türkiye (20 megawatts), China, and South Korea. Sizeable Tracking System orders were also received from Bulgaria (106 megawatts), Israel, Jordan and Sweden.
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Schletter is thus getting closer to an even revenue split between ground-mounted and rooftop systems - its two main product categories - which was one of the company’s strategic goals last year.
Facility in Turkey now ramping up
Schletter’s ground-mount offerings have helped compensate for the reduction in year-on-year revenue from its rooftop range, which was to be expected considering the Europe-wide overstocking of rooftop systems due to the rising of interest rates, shortage of solar installers, grid bottlenecks and technological transitions in the solar industry. However, over the medium term, the company foresees a positive trajectory with the expectation of increased new orders and a subsequent recovery in order backlog by 2024.
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Schletter are investing in multiple new revenue streams, optimising existing ones, and investing in other areas of the business to increase efficiency and position themselves as a stable and reliable organisation. In this vein, their production facility in Turkey is now ramping up. When combined with their other production facilities, Schletter will have thus increased its in-house production capacity by 200% by 2024. (mfo)
