DGAP-News: SolarWorld AG / Key word(s): Half Year
Results/Miscellaneous
SolarWorld AG continues on a course of growth
14.08.2015 / 09:00
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CORPORATE NEWS
August 14, 2015
Corporate News SolarWorld AG
(International Securities Identification Numbers shares: DE000A1YCMM2)
(International Securities Identification Numbers bonds: DE000A1YDDX6 and
DE000A1YCN14)
SolarWorld AG continues on a course of growth
- In the first half of 2015, SolarWorld AG boosts shipments of solar
modules and kits by 32 percent to 440 MW and revenue by 40 percent to
EUR 320 million
- Shipments in July and current order backlog for 2015 already exceed
another 500 MW
- In the second half of 2015, SolarWorld AG increasingly delivers modules
to international large-scale projects and continues to focus on
high-performance technology
In its consolidated interim report released today, SolarWorld AG confirms
its preliminary figures for the first half of 2015. From January to June
this year, the company increased its groupwide shipments of solar power
modules and kits by 32 percent compared with the same period last year to
440 (H1 2014: 333) MW.
The main driver of this development was the solar market in the United
States, where SolarWorld was able to double its shipment volume in the
first half of 2015. The U.S. business represented a 52 percent share of the
group's total shipments of modules and kits.
SolarWorld increased the proportion of high-performance modules of group
shipments. Consolidated revenue grew faster than shipments in the first
half - by 40 percent - to EUR 320.0 (H1 2014: EUR 228.1) million.
Consolidated earnings before interest, taxes, depreciation and amortization
(EBITDA) rose in the first half of 2015 to EUR 9.9 (H1 2014: 1.1) million.
Earnings before interest and taxes (EBIT) improved to EUR -12.2 (H1 2014:
-19.1) million. The comparative figures of the first half of the previous
year are adjusted for one-off effects. Cost-cutting measures and efficiency
improvements at all group sites have contributed significantly to the
improvement of the operating performance.
A good start in the second half of 2015 with new large-scale orders
SolarWorld made a good start in the second half of 2015. The volumes sold
in July plus the current order backlog for 2015 already add up to more than
500 MW. The company was able to win orders to deliver modules to
international large-scale projects. The biggest single order has a volume
of 50 MW, which will be delivered to a project in Central Asia.
Dr.-Ing. E. h. Frank Asbeck, CEO of SolarWorld AG: "Our numbers in the
first half show that we are on track to achieve our forecast. In the
remaining months of this year, we will concentrate our efforts on
continuing the growth trend and further reducing costs to achieve a
positive operating result for fiscal year 2015, as planned. For our future
business success, we are further investing in high-performance
technologies. In the first half year, we again set a world record for
efficiency. Beginning in the fourth quarter, we will also offer bifacial
solar power modules, which are not only extremely robust and durable, but
which also use the indirect light on the back of the module to generate
electricity. This enables an additional yield of up to 25 percent."
SolarWorld REAL VALUE: SolarWorld manufactures and sells high-tech solar
power solutions and in doing so contributes to a cleaner energy supply
worldwide. The group, headquartered in Bonn, Germany, employs approximately
3,500 people and carries out production in Freiberg, Germany; Arnstadt,
Germany; and Hillsboro, USA. From raw material silicon to solar wafers,
cells and modules, SolarWorld manages all stages of production â including
its own research and development. Through an international distribution
network with locations in Europe, USA, Singapore, Japan and South Africa,
SolarWorld supplies customers all over the world. The company maintains
high social standards at all locations across the globe, and has committed
itself to resource- and energy-efficient production. SolarWorld was founded
in 1998 and has been publically traded on the stock market since 1999. More
information at www.solarworld.com
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
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14.08.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: SolarWorld AG
Martin-Luther-King-StraÃe 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 News DGAP News-Service
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386855 14.08.2015
DGAP-News: SolarWorld AG continues on a course of growth
| Source: EQS Group AG