SolarWorld AG / Miscellaneous
12.11.2009
Dissemination of a Corporate News, transmitted by
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Expansion Creates Basis for Further Growth - Technology Fast 50 Award Won
in Tenth Year after IPO
SolarWorld AG confirms the figures it previously announced in submitting
its consolidated interim report for the third quarter of 2009. The group
was able to increase its shipments in the third quarter by 15 per cent to
125 (same quarter of previous year: 109) MW and YTD by 22 per cent. Sales
revenues in the third quarter amounted to 232.5 (same period last year:
238.3) million EUR in the third quarter and rose by three per cent in
comparison with the second quarter with module prices going in the opposite
direction. In the first nine months group-wide revenues added up to 634.1
(same period of the previous year: 665.4) million EUR. Chairman and CEO
Frank H. Asbeck comments, 'We succeeded in largely counteracting the price
pressure in the international solar market by way of cost savings and a
substantial increase in group-wide shipments.'
Currently, all the SolarWorld production sites are working at their
capacity limits. With an expansion of its capacity the company lays the
foundation for further growth: The module production in the USA will be
expanded to 500 MW and in Germany to 450 MW. In South Korea 300 MW will be
available in the future. Frank H. Asbeck, 'We thus clearly show our
commitment to our current strategy and our production sites. This is where
we find optimum background conditions and at the same time they ensure our
presence in the most important markets.'
This year SolarWorld AG is again among the most vigorously growing German
technology companies. With its 5-year growth rate of 350.3 per cent the
group received the 'Technology Fast 50 Award' from the business consultancy
Deloitte as one of 50 companies in the areas of technology, communication
and life science in Hamburg on 21 October.
SolarWorld AG is celebrating its tenth anniversary at the stock exchange
these days. The IPO took place on 8 November 1999. In 2004 SolarWorld rose
into the TecDAX by way of the so-called Fast Entry Rule. Today the company
is also traded among others in the ÃkoDAX, in the Dow Jones STOXX 600, in
the international MSCI Index as well as in the sustainability indices
DAXglobal Alternative Energy and NAI.
About SolarWorld AG: The SolarWorld AG group of companies (ISIN:
DE0005108401) is a world leader in high-quality solar power technology. The
company is exclusively dedicated to its core business of photovoltaic power
generation and combines all activities of the solar industry from silicon
as the raw material to turn-key solar power systems including recycling.
SolarWorld is represented in all the world's solar growth markets and
predominantly produces in Germany and the USA. Its largest sites are
located in Freiberg, Saxony, and Hillsboro, USA. The central group office
is in Bonn. Worldwide sales of solar modules are secured by five sales
offices in Germany, Spain, USA, South Africa and Singapore. The central
element of the business in addition to the sale of turn-key solar systems
and solar modules to the trade is the distribution of solar silicon wafers
to the international solar cell industry. Apart from grid-coupled (on-grid)
products, the SolarWorld Group sells off-grid solar power solutions. Under
the name Solar2World the Group takes its ethical commitment to fair
development also to emerging economies and developing countries, promoting
in particular off-grid solar power solutions exemplary of sustainable
economic development.
Sustainability is an integral element of SolarWorld's corporate strategy.
The corporate management is committed to sustainable, economically,
ecologically and socially compatible growth. SolarWorld AG employs about
2,700 people worldwide.
Contact:
SolarWorld AG Investor Relations / Corporate Communications,
Phone no. +49 (0) 228/55920-470; fax no. +49 (0) 228/55920-9470,
Email: placement@solarworld.de; Internet: www.solarworld.de
12.11.2009 Financial News distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: SolarWorld AG
Martin-Luther-King-StraÃe 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
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DGAP-News: SolarWorld Confirms Revenues Increase in Course of Year
| Source: EQS Group AG