DGAP-Adhoc: SolarWorld AG increases shipments in f
Post# of 301275
SolarWorld AG / Key word(s): Preliminary Results/Half Year Results 03.08.2015 08:00 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Preliminary business results H1 2015 - SolarWorld AG increases shipments of solar modules and kits by 32 Prozent to 440 (H1 2014: 333) MW - SolarWorld AG increases group revenue by 40 percent to EUR 320 (H1 2014: 228) million - SolarWorld AG reaches EBITDA of EUR 10 million In the first half of 2015, SolarWorld AG increased groupwide shipments of solar power modules and kits by 32 percent to 440 (H1 2014: 333) MW. The company achieved strong growth above all in the United States, where SolarWorld was able to double its shipments. Due to the strong export business, the foreign quota of shipments of modules and kits increased by 7 percentage points to 87 (H1 2014: 80) percent. Consolidated revenue in H1 2015 grew stronger than shipments, increasing by 40 percent to EUR 320 (H1 2014: 228) million. SolarWorld AG managed to improve its operating performance in the first half of 2015 compared with the previous year, too. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose to EUR 10 (H1 2014, adusted for one-off effects: 1) million and earnings before interest and taxes (EBIT) to EUR -12 (H1 2014, adjusted for one-off effects: -19) million. In Q2 2015, SolarWorld was able to continue the positive trend in its operating performance of this year's Q1. EBITDA improved to EUR 7 (Q1 2015: 3) million and EBIT to EUR -4 (Q1 2014 -8) million. At the end of the quarter, the group had liquid funds in an amount of EUR 141 (March 31, 2015: 148) million. The reduction can mainly be attributed to interest payments and investments in the expansion of production capacities. The Management Board of SolarWorld AG confirms its forecast for the year 2015 with an increase of groupwide shipments by at least 25 percent versus the previous year to more than one gigawatt as well as an increase of group revenue by at least 25 percent to more than EUR 700 million. Furthermore, SolarWorld will turn operating EBIT (2014: EUR -44 million) back into positive territory in fiscal year 2015. EBITDA (excluding potential one-off effects) in fiscal year 2015 should also exceed previous year's level (2014: EUR 2 million) significantly. 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 03.08.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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 Announcement DGAP News-Service ---------------------------------------------------------------------------