SolarWorld AG / Key word(s): Preliminary Results/Half Year Results 18.07.2013 17:14 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad hoc announcement pursuant to § 15 WpHG July 18, 2013 Ad hoc service by SolarWorld AG (Securities Code No.: WKN 510 840) (International Securities Identification Numbers: ISIN DE0005108401, ISIN XS0641270045 and ISIN XS0478864225) SolarWorld AG: Preliminary financial results for first half of 2013 As expected, SolarWorld AG sold fewer solar power modules and kits in the first half of 2013 than in the same period last year. According to preliminary calculations, groupwide shipments including the solar wafer business reached 233 MW in the first half of 2013 (H1 2012: 334 MW). The company recorded a downturn above all in the domestic market of Germany, which is expected to decrease from about 7 GW to 4 GW. Here, customers' hesitancy resulting from the necessary restructuring process of SolarWorld also affected SolarWorld's business. Declining shipments and persistent price pressure due to dumping modules have also led to a reduction in the consolidated revenue compared to the first half of last year. SolarWorld achieved a total revenue of about EUR 201 (H1 2012: EUR 340) million, including the solar wafer business. Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose in the first half of the year to about EUR -37 (H1 2012: EUR -99) million. Consolidated earnings before interest and taxes (EBIT) improved to about EUR -69 (H1 2012: EUR -144) million. As at June 30, 2013, liquid funds amounted to EUR 162 (December 31, 2012: EUR 224) million. The reduction can be mainly attributed to the payment of interests and investments in technologies of the future. Cash flow from operating activities amounted to EUR -9 (H1 2012: EUR -27) million. As planned, SolarWorld AG is going to release its interim report on the first half of 2013 on August 14, 2013. Noteholders and shareholders of SolarWorld AG are expected to have passed the decisive resolutions to implement restructuring measures by August 7, 2013. Apart from duties on dumping modules, this should have a positive effect on sales in the further year. Bonn, July 18, 2013 SolarWorld AG Management Board Contact: SolarWorld AG Investor Relations Phone: +49 228 55920-470; Fax: +49 228 55920-9470, Email: placement@solarworld.de; Internet: www.solarworld.de/en/investor-relations 18.07.2013 DGAP's 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-Stra�e 24 53175 Bonn Germany Phone: +49 (0)228 - 559 20 470 Fax: +49 (0)228 - 559 20 9470 E-mail: placement@solarworld.de Internet: www.solarworld.de ISIN: DE0005108401, XS0641270045, XS0478864225 WKN: 510840 Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, München, Stuttgart; Terminbörse EUREX End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: SolarWorld AG: Preliminary financial results
Top 10 Most Recent News Articles
Ace Hardware Ups the Stakes with Rewards Days Event
Ace Hardware: Doubling Down with Rewards Ace Hardware's rolling out the red carpet for its loyal customers. Imagine this: exclusive deals on trusted brands and double points on purchases—an incentive any savvy shopper would jump at. From October 6 to 7, those in the Ace Rewards circle have the chance to nab some hefty savings and perks, a move that's more than just a...
Continue Reading
Comparent Unveils Key Insights with Top 100 List
The Ebb and Flow of Vacation Rental Giants Ever noticed how some industries just sneak up and suddenly transform landscapes? Vacation rental management is one of those sneaky offenders. At the forefront of keeping tabs on this bustling sector, Comparent just dropped a meaty second annual roster—the Comparent 100—showcasing the biggest players flexing their muscles in...
Continue Reading
Haystack MRD Shines in Colorectal Cancer Trials
A New Dawn in Cancer Detection Just when you think you've seen it all in cancer diagnostics, Haystack MRD® pops up like a fresh tulip in spring. And listen, this ain't just fluff—the results from the DYNAMIC trials are a pretty compelling love letter to the power of liquid biopsy. With 100% specificity and sensitivity hitting a whopping 83.3% over five years, it’s...
Continue ReadingOctober Becomes a Beacon for Grieving Families
October: A Month for Heartfelt Observance There's a profound resonance when October rolls around, especially for families who've faced the heartbreak of pregnancy or infant loss. Thanks to Postpartum Support International (PSI), the month serves as more than just a page in a calendar—it's a solidarity rallying cry for awareness and remembrance. The group's commitment to...
Continue Reading
Li-Fire Expands Fire Safety Amid Rising Battery Risks
A Crunchy Look at New Fire Safety Moves Well, folks, here's a twist we didn't see coming but sure makes sense in today's electrifying business landscape. Li-Fire, the big brains behind lithium battery fire suppression, is spreading its wings nationwide, or at least its wholesale and distribution programs are. And right ahead of National Fire Safety Week no less—talk...
Continue Reading
Quorum Joins LIVE Coalition to Revolutionize Estate Planning
Shaking Up Estate Planning: Quorum Joins LIVE Coalition Here's a fresh shake-up in the world of estate planning. Quorum Federal Credit Union has thrown its hat into the ring as the latest member of the LIVE Coalition, a band of financial, legal, and tech wizards putting estate plans on a modern track. This marks them as the 70th player to dive into this alliance, pushing...
Continue Reading
New Tools Arm Manufacturers in Additive Arena
Diving Headfirst into Additive Manufacturing Standards Additive manufacturing (AM)—it's not just another tech buzzword. It's revolutionizing everything from life-saving medical devices to cutting-edge aerospace components. But as with any game-changing innovation, there's a wild west era before standards reign in the chaos. Enter ANSI and America Makes, offering new...
Continue Reading
Managed Connectivity: Key to Modern Multifamily Living
Connectivity Runs the Modern Show Imagine moving into a shiny new apartment, where the biggest hassle isn't unpacking boxes but ensuring your gadgets get online smoothly. That's the reality of today's multifamily living, where the internet is more than a utility—it's the backbone of modern life. And if you think it's just about offering internet access, you're missing...
Continue Reading
Gateway Unveils All-In-One Award Travel Platform
Transforming Loyalty with point.me's Gateway Here's the deal: the loyalty program game just changed. Point.me rolled out this slick beast called Gateway, and it's weaving award travel booking right into your everyday banking apps. That's right, ditch those clunky third-party sites, because now you can browse, compare, transfer, and book your award travel directly from...
Continue Reading
Texas A&M-San Antonio's Research Expansion Momentum
Texas A&M-San Antonio's Rising Research Ambitions A rainy day in San Antonio and Texas A&M University-San Antonio seems to have set the stage for more than just another semester of record enrollment. They’ve just rolled in with an exhilarating $8 million in external grants this fiscal year, more than doubling last year’s haul of $3.6 million, in a bid to push their...
Continue ReadingTop 5 Most Recently Viewed Articles
Elevating Digital Freight Solutions: Jambojet Integrates with Freightos
Jambojet Expands Cargo Services Through Freightos Integration Freightos, a prominent name in the global freight industry, has recently announced an exciting development: Jambojet Cargo has officially joined their WebCargo platform. This integration allows freight forwarders to efficiently book cargo capacity across Jambojet's extensive network in East Africa. Jambojet...
Continue Reading
Legence and BuildOps Team Up to Transform MEP Services
Legence and BuildOps Forge a Strategic Partnership Legence is partnering with BuildOps to modernize how it runs its business and raise the bar in commercial contracting. The focus is straightforward: work more efficiently, strengthen profitability, and deliver a better experience for customers at every step. Integrating Modern Technology By bringing BuildOps' platform...
Continue Reading
Westwood ETFs Reveal Recent Monthly Income Distributions
Monthly Income Distribution Announcements for Westwood ETFs DALLAS — Westwood Holdings Group (WHG) has publicly announced the monthly income distributions for the Westwood Salient Enhanced Midstream Income ETF (NYSE: MDST) and the Enhanced Energy Income ETF (NASDAQ: WEEI). Both ETFs aim to provide substantial monthly income to their investors through a combination of...
Continue Reading
Be Aware: Major Investments in Lam Research Options Revealed
Investors Making Bold Moves in Lam Research Options In the financial world, significant trading patterns can signal what might be on the horizon for a stock. Recently, there's been a noticeable shift in the sentiment surrounding Lam Research (LRCX), the renowned semiconductor manufacturer. It seems that investors, armed with substantial capital, are leaning towards a...
Continue Reading
Burning Rock Biotech Limited Updates Q3 Performance Insights
Overview of Financial Results Burning Rock Biotech Limited (NASDAQ: BNR), a pioneering company in the field of precision oncology through next-generation sequencing (NGS) technology, recently announced financial results for its third quarter, providing insights into its evolving business and strategic focus. Recent Business Developments As part of its commitment to...
Continue Reading