DGAP-Adhoc: SolarWorld AG reaches agreement with another important supplier of raw materials

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| Source: EQS Group AG
SolarWorld AG  / Key word(s): Contract/Miscellaneous

11.07.2014 14:42

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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After successful negotiations with another important supplier of raw
materials, SolarWorld AG has been able to place its long-term business
relationship with this partner on a new contractual basis, strengthening
the Group's silicon supply security under competitive conditions.

The positive agreement reached today will result in a revaluation of
prepayments and/or repayment claims against the raw material supplier in
the balance sheet of SolarWorld AG. Consequently, this will burden the
consolidated result of SolarWorld AG in fiscal year 2014 by presumably a
non cash, one-off effect in a low double-digit million Euro amount. This
will be reflected in the earnings before interest, taxes, depreciation and
amortization (EBITDA). For the future liquidity of the SolarWorld Group,
the agreement has positive effects.

A corresponding adjustment of the EBITDA forecasted for 2014 not taking
into account the positive one-off effects from the financial restructuring
and from the initial consolidation of assets from Bosch Solar Energy AG
will be conducted in the interim report on the first half of 2014.

Contact:
SolarWorld AG 
Investor Relations 
Phone: +49 228 55920-470; Fax: +49 228 55920-9470,
Email: placement@solarworld.de; Web:
www.solarworld.de/en/investor-relations


11.07.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      SolarWorld AG
              Martin-Luther-King-Straße 24
              53175 Bonn
              Germany
Phone:        +49 (0)228 - 559 20 470
Fax:          +49 (0)228 - 559 20 9470
E-mail:       placement@solarworld.de
Internet:     www.solarworld.de
ISIN:         DE000A1YCMM2, DE000A1YDDX6, DE000A1YCN14
WKN:          A1YCMM, A1YDDX, A1YCN1
Listed:       Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard);
              Freiverkehr in Berlin, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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