Q1 sales came in 2% lower at €1,314m due to lower polysilicon and silicon-wafer prices (prices: -4%). Gross profit margin melted down from 21.8% to 16.7%, partly absorbing the start-up costs for the Charleston plan. The group’s EBITDA clearly dropped 14% to €229m due to the lower contributions from Polysilicon and Siltronic. Net income attributable to shareholders fell off the cliff (€20m after €70m). Due to the weaker operating performance, operating CF moved down 1
