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15.08.2016 08:46:16
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DGAP-News: SolarWorld
DGAP-News: SolarWorld AG: Significant growth in international markets
SolarWorld AG is proceeding on its path of growth. That is what the company states in its group interim report for Q2 2016, in which it confirms its preliminary figures for shipments and revenue and specifies its earnings figures. Accordingly, the group increased its shipments in Q2 2016 by 39 percent to 342 (Q2 2015: 246) megawatts, compared with previous year's quarter. Consolidated revenue rose by 30 percent to EUR 222 (Q2 2015: 171) million. SolarWorld saw significant growth in its largest individual market United States, which made up more than half of groupwide shipments and revenue, as well as in Germany, other European markets, Asia and Africa.
The group also improved its operating performance. In Q2 2016, earnings before interest, taxes, depreciation and amortization (EBITDA) increased to EUR 16.4 (Q2 2015: 7.0) million; preliminary EBITDA: EUR 18.5 million. In H1 2016, final EBITDA thus amounted to 18.5 (H1 2015: 9.9) million. In Q2 2016, SolarWorld improved its earnings before interest and taxes (EBIT) to EUR 4.5 (Q2 2015: -4.2) million; preliminary EBIT: EUR 6.6 million. Accordingly, final EBIT in H1 2016 amounted to EUR -5.2 (H1 2015: -12.2) million. Preliminary earnings figures changed in the finalization process of the consolidated interim financial statements.
"Our broad basis in international solar markets and our balanced product portfolio have paid off. In the second quarter, driver for growth were our leading technology in high efficiency modules. Our quality products with standard power were also high in demand," says Dr.-Ing. E. h. Frank Asbeck, CEO of SolarWorld AG.
In the second half of 2016, SolarWorld expects to be able to benefit from the rising international demand. In the full year 2016, the group will raise its shipments by more than 20 percent, compared with the previous year (2015: 1,159 megawatts). Consolidated revenue shall also grow by more than 20 percent (2015: EUR 763 million). SolarWorld is striving to reach up to EUR 1 billion of revenue in 2016. EBIT will presumably come out in a range between EUR -10 million and EUR +10 million.
Price pressure on the international solar market has increased since the end of June. "I am convinced, however, that we will be able to maintain and further expand our market position," says Frank Asbeck. SolarWorld focuses its efforts on high-efficiency modules with PERC cells and five busbars as well as its new Bisun modules and systems, which enable customers to gain an extra yield of up to 25 percent. Furthermore, the group intends to reduce production costs by further volume growth and by introducing new technologies.
Consolidated Interim Report of SolarWorld AG on Q2 2016: www.solarworld.de/ financial-reports
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 3,766 people and operates facilities in Freiberg, Germany; Arnstadt, Germany; and Hillsboro, Oregon, USA as well as in a joint venture with Qatar Solar Technologies. From raw material silicon to solar wafers, cells and modules, SolarWorld manages all stages of production ? including research and development in its own company, SolarWorld Innovations. Through an international distribution network with locations in Europe, USA, Singapore, Japan, South Africa and Qatar, SolarWorld supplies customers all over the world. The company upholds high social standards and commits itself to resource- and energy-efficient production. SolarWorld was founded in 1998 and has been publicly traded on the stock market since 1999. More information at www.solarworld.com
Contact:
SolarWorld AG Investor Relations Phone: +49 228 55920-470; Email: placement@solarworld.com; Web: www.solarworld.de/en/investor- relations
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15.08.2016 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.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at 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, Hanover, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------
492619 15.08.2016
DGAP-News: SolarWorld AG / Key word(s): Half Year Results/Quarter Results
SolarWorld AG: Significant growth in international markets
15.08.2016 / 08:46
The issuer is solely responsible for the content of this announcement.
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SolarWorld AG: Significant growth in international markets
Group interim report with final business figures for Q2 2016 released
SolarWorld AG is proceeding on its path of growth. That is what the company states in its group interim report for Q2 2016, in which it confirms its preliminary figures for shipments and revenue and specifies its earnings figures. Accordingly, the group increased its shipments in Q2 2016 by 39 percent to 342 (Q2 2015: 246) megawatts, compared with previous year's quarter. Consolidated revenue rose by 30 percent to EUR 222 (Q2 2015: 171) million. SolarWorld saw significant growth in its largest individual market United States, which made up more than half of groupwide shipments and revenue, as well as in Germany, other European markets, Asia and Africa.
The group also improved its operating performance. In Q2 2016, earnings before interest, taxes, depreciation and amortization (EBITDA) increased to EUR 16.4 (Q2 2015: 7.0) million; preliminary EBITDA: EUR 18.5 million. In H1 2016, final EBITDA thus amounted to 18.5 (H1 2015: 9.9) million. In Q2 2016, SolarWorld improved its earnings before interest and taxes (EBIT) to EUR 4.5 (Q2 2015: -4.2) million; preliminary EBIT: EUR 6.6 million. Accordingly, final EBIT in H1 2016 amounted to EUR -5.2 (H1 2015: -12.2) million. Preliminary earnings figures changed in the finalization process of the consolidated interim financial statements.
"Our broad basis in international solar markets and our balanced product portfolio have paid off. In the second quarter, driver for growth were our leading technology in high efficiency modules. Our quality products with standard power were also high in demand," says Dr.-Ing. E. h. Frank Asbeck, CEO of SolarWorld AG.
In the second half of 2016, SolarWorld expects to be able to benefit from the rising international demand. In the full year 2016, the group will raise its shipments by more than 20 percent, compared with the previous year (2015: 1,159 megawatts). Consolidated revenue shall also grow by more than 20 percent (2015: EUR 763 million). SolarWorld is striving to reach up to EUR 1 billion of revenue in 2016. EBIT will presumably come out in a range between EUR -10 million and EUR +10 million.
Price pressure on the international solar market has increased since the end of June. "I am convinced, however, that we will be able to maintain and further expand our market position," says Frank Asbeck. SolarWorld focuses its efforts on high-efficiency modules with PERC cells and five busbars as well as its new Bisun modules and systems, which enable customers to gain an extra yield of up to 25 percent. Furthermore, the group intends to reduce production costs by further volume growth and by introducing new technologies.
Consolidated Interim Report of SolarWorld AG on Q2 2016: www.solarworld.de/ financial-reports
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 3,766 people and operates facilities in Freiberg, Germany; Arnstadt, Germany; and Hillsboro, Oregon, USA as well as in a joint venture with Qatar Solar Technologies. From raw material silicon to solar wafers, cells and modules, SolarWorld manages all stages of production ? including research and development in its own company, SolarWorld Innovations. Through an international distribution network with locations in Europe, USA, Singapore, Japan, South Africa and Qatar, SolarWorld supplies customers all over the world. The company upholds high social standards and commits itself to resource- and energy-efficient production. SolarWorld was founded in 1998 and has been publicly traded on the stock market since 1999. More information at www.solarworld.com
Contact:
SolarWorld AG Investor Relations Phone: +49 228 55920-470; Email: placement@solarworld.com; Web: www.solarworld.de/en/investor- relations
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15.08.2016 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.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
---------------------------------------------------------------------------
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 End of News DGAP News Service ---------------------------------------------------------------------------
492619 15.08.2016
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