SOLON SE / Preliminary Results 24.02.2009 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Berlin, February 24, 2009 - SOLON SE, Berlin, Germany (ISIN DE0007471195) presents its preliminary figures for fiscal year 2008 today. The figures show that the company was again one of the fastest growing solar companies in Germany last year. SOLON increased production volume by 49% to 176 MWp (2007: 118 MWp). Group revenues increased by 62% to EUR815 million (2007: EUR503.1 million). Earnings before interest and tax (EBIT) rose by 70% to EUR60 million (2007: EUR35.2 million). Net income after minority interests rose by 50% to EUR32 million (2007: EUR21.3 million). Earnings per share improved to EUR2.55 (2007: EUR2.07). The SOLON Group currently has five production sites in Germany, Austria, Italy and the U.S. The production capacity of these sites was expanded to 450 MWp in 2008. The greatest expansion was at the Greifswald, Germany and Carmignano, Italy locations. The number of employees at all locations increased throughout the year to 886. The company sees 2009 and the following fiscal years as having the potential for further growth. However, because of the difficult economic situation and the development of key markets (U.S., Southern Europe), which cannot yet be reliably estimated, the visibility for the current year continues to be limited. For that reason, the Management Board considers it reasonable not to provide a specific forecast for fiscal year 2009 until during the course of the year. The complete 2008 annual report of SOLON SE will be published on April 2, 2009 and will then be available for download on the company's website at www.solon.com. SOLON SE Therese Raatz Investor Relations Telefon: +49 / 30 / 818 79 - 9305 Telefax: +49 / 30 / 818 79 - 9999 E-Mail: investor@solon.com DGAP 24.02.2009 --------------------------------------------------------------------------- Language: English Issuer: SOLON SE Am Studio 16 12489 Berlin Deutschland Phone: +49 (0)30 81 87 9-9305 Fax: +49 (0)30 81 87 9-9999 E-mail: investor@solon.com Internet: www.solon.com ISIN: DE0007471195, DE 000 A0S TYS 2, WKN: 747119, A0S TYS Indices: TecDAX Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard); Freiverkehr in Hannover, München, Hamburg, Düsseldorf, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: SOLON SE: SOLON SE increases revenues to more than EUR800 million
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