DGAP-Adhoc: SolarWorld AG increases sales volume by 26 per cent versus same period last year -

 | Source: EQS Group AG EQS Group AG 

SolarWorld AG / Half Year Results

27.07.2009 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------

Revenues grow by 27 per cent from first to second quarter 2009
Revenue forecast 2009 over previous year's level with 1 billion EUR as next
stage's goal confirmed

SolarWorld AG has continued the sustainable international growth of the
group in the second quarter of 2009. The company increased revenues by 27
per cent from 177 million EUR in the first quarter of 2009 to 225 million
EUR in the second quarter of 2009.

In the first half of 2009 the group-wide sales volume went up by 26 per
cent to 239 MW compared to the same period of the previous year. Revenues
changed by - 5.9 per cent from 427 million EUR in the first half of 2008 to
402 million EUR in the first half of 2009. Thus, SolarWorld was largely
able to maintain its revenue level in the first half of 2009 in spite of an
industry-wide decline in prices by about 25 per cent.

In comparison with the first quarter of 2009 (38.9 million EUR) EBIT grew
by 5.2 million EUR to 44.1 million EUR in the second quarter of 2009. The
EBIT margin amounted to 20 per cent. Profit after tax went up from 23.8
(first quarter of 2009) to 27.9 million EUR in the second quarter of 2009.

For the first half of 2009 EBIT amounted to 83.0 (previous year: 118.5)
million EUR. The EBIT margin of 21 per cent in the first half of 2009 shows
a change of 7 percentage points in comparison with the same period of the
previous year (28 per cent). Profit after tax of continued operations
amounted to 51.7 (previous year: 73.7) million EUR.

SolarWorld AG thus succeeded in largely counteracting the price decline in
the international solar market by way of cost savings and a substantial
increase in group-wide sales volumes because of its rising brand awareness.

The expansion of production capacities is being continued worldwide as
planned because all the production sites in Germany, USA and South Korea
are working at full capacity.  The revenue forecast 2009 over previous
year's level with 1 billion EUR as next stage's goal is confirmed.

Contact:
SolarWorld AG Investor Relations / Corporate Communications
Tel.-No.: 0228/55920-470; Fax No.: 0228/55920-9470,
E-Mail: placement@solarworld.de; Internet: www.solarworld.de


DGAP 27.07.2009 
---------------------------------------------------------------------------
 
Language:     English
Issuer:       SolarWorld AG
              Martin-Luther-King-Straße 24
              53175 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
 
---------------------------------------------------------------------------
GlobeNewswire