DGAP-Adhoc: SolarWorld AG: Preliminary financial r

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 ---------------------------------------------------------------------------