SolarWorld AG / Final Results
14.02.2008
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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In fiscal year 2007 SolarWorld AG consistently expanded the national and
the international solar business. Against the background of a strong demand
group sales increased by more than 35 per cent to 699 (previous year: 515)
million EUR in comparison with the previous year. The operating result
before interest and taxes (EBIT) grew by 48 per cent to 175 (previous year:
118) million EUR thus reflecting the growth of the group along the entire
value chain. The annual surplus went up by 33 per cent to 97 (previous
year: 73) million EUR. These operating results do not include special
effects. With special effects the group achieved an EBIT of 202 (previous
year: 181) million EUR and an annual surplus of 113 (previous year: 131)
million EUR.
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Information and Explaination of the Issuer to this News:
SolarWorld acknowledged as strongly growing company and popular employer
Thanks to its consistently implemented expansion strategy in the last few
years the SolarWorld Group was among the 50 most vigorously growing
technology companies in Germany in 2007. The management consultancy
Deloitte thus acknowledged the company in its 'Fast 50'-competition for its
rapid sales growth since 2002.
In addition, SolarWorld AG was elected one of the one hundred best
employers in Germany by the Great Place to Work® Institute Germany
supported by the magazines Capital and Impulse. This decision was based on
an employee survey.
About SolarWorld AG: The SolarWorld AG group of companies (ISIN:
DE0005108401) is a world leader in high quality solar power technology. The
company is involved at all levels of the solar value chain and combines all
activities of the industry from silicon as the raw material to turn-key
solar power system. SolarWorld AG is represented in all international solar
growth markets. The group is exclusively dedicated to its core business of
photovoltaic power generation, operating production facilities in Germany
and the USA. They in turn supply the SolarWorld AG sales offices in
Germany, Spain, USA, South Africa and Singapore. In South Korea SolarWorld
AG is currently building up a solar module production facility in order to
be able to serve the growing demand in Asia on the spot in the future. A
central element of the business in addition to the sale of turn-key solar
systems and solar modules to retailers is the distribution of solar silicon
wafers to the international solar cell industry. Apart from grid-coupled
(on-grid) products the SolarWorld Group also sells off-grid solar power
solutions that make an important contribution to the sustainable economic
development of threshold and developing countries. Under the name
Solar2World the group has pooled its ethical commitment to solar power
especially in developing countries.
SolarWorld AG employs more than 2,000 people worldwide. At the stock market
the company is listed among others in the technology index TecDAX, in the
ÖkoDAX, in the Dow Jones STOXX 600, in the international MSCI index as well
as in the sustainability indices DAXglobal Alternative Energy and NAI.
Contact:
SolarWorld AG Investor Relations / Marketing Communications
Kurt-Schumacher-Str. 12-14, 53113 Bonn
telephone number: +49 228 55920 -470; fax number: +49 228 55920-9470
E-mail: placement@solarworld.de; Internet: www.solarworld.de
DGAP 14.02.2008 ---------------------------------------------------------------------------
Language: English
Issuer: SolarWorld AG
Kurt-Schumacher-Straße 12-14
53113 Bonn
Deutschland
Phone: +49 (0)228 - 559 20 470
Fax: +49 (0)228 - 559 20 99
E-mail: placement@solarworld.de
Internet: www.solarworld.de
ISIN: DE0005108401
WKN: 510840
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
Freiverkehr in Berlin, München, Hamburg, Stuttgart;
Terminbörse EUREX
End of News DGAP News-Service
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DGAP-Adhoc: SolarWorld AG: Group sales and operating result 2007 boosted by more than 30 per cent
| Source: EQS Group AG