Germany United Kingdom market sales accounted for almost half of Trina 2013Q1

Trina Solar (NYSE: TSL) 2013 first quarter revenue from sales to Europe led, especially in Germany and the UK, in the European Union on Chinese PV module manufacturers to impose anti-dumping duties before the company strive to meet the needs of European customers.

Trina reported 2013 first quarter revenue of $ 260.2 million, compared with the fourth quarter of 2012 fell 14.0%. Germany, however, accounted for 24.6% of sales in the quarter, compared with 12.9% in the fourth quarter of 2012 has improved. UK sales in the first quarter of 2013 accounted for 22.9% of sales in the last quarter accounted for only 4.6%. As feed-in tariff cuts, the UK is experiencing a utility-scale PV solar cell projects to flourish, and has been dependent on lower-cost Chinese production of components to meet the project's return on investment (ROI) requirements. 

However, the company is expected to make a geographical basis, Germany will account for only 19% of revenues in 2013, while this year the UK will account for about 12% of revenue. The company said it expects 2013 sales to continue to diversify away from Europe. Expects China and other major emerging markets will account for 20% of revenue this year, compared with 2012 increased by 12.9%.

Estimated Japan and other emerging markets in 2013 will account for 9 percent of sales, while in 2012 accounted for 3% of revenue. India is expected in 2013 accounted for 6% of sales, while India Trina first quarter conference call to provide a percentage figure is not listed separately. Australia and other markets is expected to increase by 0.9% year on year.

Management to discuss financial results conference call that Europe as a whole, will still account for the second quarter of 2013, about 40% of revenue. However, the United States and other key markets is expected in 2013 will account for about 17% of revenue, compared with a decline of 25.5% in 2012. 2012 implementation of the cost reduction limits the first-quarter loss, and relieve the quarter average selling prices continued downturn.