DGAP-Adhoc: SolarWorld AG: Preliminary business results for Q2 2016

SolarWorld AG  / Key word(s): Preliminary Results/Change in Forecast

29.07.2016 08:47

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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SolarWorld AG: Preliminary business results for Q2 2016

In Q2 2016, SolarWorld AG raised groupwide shipments by 39 percent,
compared with previous year's quarter, to 342 (Q2 2015: 246) megawatts. In
H1 2016, SolarWorld increased its shipments by 50 percent to 682 (H1 2015:
456) megawatts. In Q2 2016, consolidated revenue rose to EUR 222 (Q2 2015:
171) million. In H1 2016, the group reached EUR 434 (H1 2015: 320) million.

SolarWorld managed to increase its earnings before interest, taxes,
depreciation and amortization (EBITDA) to EUR 18.5 (Q2 2015: 7.0) million
in Q2 2016. In H1 2016, EBITDA rose to EUR 20.5 (H1 2015: 9.9) million.

Earnings before interest and taxes (EBIT) improved to EUR 6.6 (Q2 2015:
-4.2) million in Q2 2016. In H1 2016, SolarWorld AG managed to improve EBIT
to EUR -3.1 (H1 2015: -12.2) million.

At the cut-off date June 30, 2016, the group had liquid funds of EUR 148
(March 31, 2016: 183) million, after it had made repayments of loans and
interest payments in an amount of EUR 27 million and invested EUR 9 million
in production plants in Q2 2016.

Mid-year, price pressure on the international solar market increased. Due
to this market development, SolarWorld will reach EBIT in a range between
EUR -10 million and EUR +10 million for the full year 2016. The group still
expects to be able to raise its shipments by more than 20 percent in 2016,
compared with previous year (2015: 1,159 megawatts). Consolidated revenue
should also increase by more than 20 percent, compared with previous year
(2015: EUR 763 million). SolarWorld is striving to reach up to EUR 1
billion of revenue in 2016.

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


29.07.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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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, Hanover,
              Munich, Stuttgart, Tradegate Exchange; Terminbörse EUREX
 
End of Announcement                             DGAP News-Service
 
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