DGAP-Adhoc: SolarWorld AG increases revenue by 50 percent in Q1 2015


SolarWorld AG  / Key word(s): Preliminary Results/Quarter Results

27.04.2015 10:52

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

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Preliminary business results for Q1 2015

  - SolarWorld AG boosts shipments of solar modules and kits by 44 percent
    to 202 (Q1 2014: 140) MW

  - SolarWorld AG raises consolidated revenue by 50 percent to 149 (Q1
    2014: 99) Mio. EUR

  - SolarWorld AG achieves EBITDA of EUR 3 million

In the first quarter of 2015, SolarWorld AG increased groupwide shipments
of solar power modules and kits by 44 percent to 202 (Q1 2014: 140) MW. The
company achieved strong growth above all in the United States, where
SolarWorld boosted shipments by 170 percent to 116 (Q1 2014: 43) MW. This
market had a share of 57 percent of total shipments of modules and kits. In
Japan, Australia and South Africa, SolarWorld managed to grow, too. While
export business outside the euro zone benefited from the low rate of the
euro, the European market including Germany decreased. Thus, the foreign
quota of shipments further increased to 90 (Q1 2014: 81) percent.

Consolidated revenue in Q1 2015 grew by 50 percent, thus increasing
disproportionally compared with shipments to EUR 149 (Q1 2014: 99) million.

Consolidated earnings before interest, taxes, depreciation and amortization
(EBITDA) rose to EUR 3 (2013: 1.6) million. This positive trend can be
attributed among other factors to operative measures to improve efficiency
and the cost structure at all locations. EBITDA of previous year's first
quarter included positive one-off effects amounting to EUR 136 million
which resulted from the initial accounting of the acquisition of the solar
activities from Bosch Solar Energy AG. Including this one-off effect,
EBITDA in Q1 2014 amounted to EUR 137 million.

Consolidated earnings before interest and taxes (EBIT) reached EUR -8 (Q1
2014: 127) million. Previous year's quarter also included the one-off
effects mentioned above.

At the end of the quarter, the group had liquid funds in an amount of EUR
148 (Dec. 31, 2014: 177) million. The reduction can mainly be attributed to
interest payments and repayments including an unscheduled partial repayment
as well as investments in the expansion of production capacities.

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


27.04.2015 The DGAP 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.com
Internet:     www.solarworld.de
ISIN:         DE000A1YCMM2, DE000A1YDDX6, DE000A1YCN14
WKN:          A1YCMM, A1YDDX, A1YCN1
Listed:       Regulated Market in Dusseldorf, Frankfurt (Prime Standard);
              Regulated Unofficial Market in Berlin, Hamburg, Munich,
              Stuttgart
 
End of Announcement                             DGAP News-Service
 
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