DGAP-Adhoc

SolarWorld AG announces preliminary business results for third quarter 2014

SolarWorld AG / Key word(s): Preliminary Results/9-month figures

28.10.2014 11:22

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.

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SolarWorld AG raised its groupwide shipments of solar modules and kits in
the third quarter 2014 by 50 percent to 270 (Q3 2013: 180) MW. Compared
with the prior quarter (Q2 2014: 193 MW), the group increased its shipments
by almost 40 percent. Overall, SolarWorld AG reached shipments of 602
(Q1-Q3 2013: 390) MW in the first three quarters of 2014, an increase by 54
percent compared with the same period last year. By mid-September, the
group exceeded the level of shipments reached in 2013 as a whole (548 MW).

The United States were the largest individual market of the group. In the
third quarter 2014 alone, SolarWorld placed more than 42 percent of total
shipments in this market (Q3 2013: 22 percent). Compared with the prior
year, shipments in SolarWorld's European export markets and Japan rose in
the first three quarters of 2014 considerably, too. Moreover, against the
negative trend in the overall German solar market, SolarWorld managed to
grow lightly in Germany and thus to raise its market share.

The group was able to increase its consolidated revenue in the third
quarter 2014 by 26 percent to EUR 181 (Q3 2013: 144) million. In the first
nine months of 2014, the group increased its consolidated revenue by 18
percent to EUR 409 (Q1-Q3 2013: 346) million compared with the same period
last year.

Consolidated earnings before interest, taxes, depreciation and amortization
(EBITDA) improved in the third quarter to EUR 6 (Q3 2013: -26) million and
thus turned positive again. In the first three quarters of 2014, EBITDA
rose to EUR 107 (Q1-Q3 2013: -63) million compared with the same period
last year.

Consolidated earnings before interest and taxes (EBIT) in the third quarter
2014 amounted to EUR -4 (Q3 2013: -36) million. In the first nine months
2014, EBIT was EUR 77 (Q1-Q3 2013: -95) million.

As at the cut-off date September 30, 2014, the group had liquid funds of
EUR 151 (June 30, 2014: 159) million after it had made interest payments
amounting to EUR 7 million as planned.

Contact:
SolarWorld AG
Investor Relations
Phone: [phone]; Fax: [phone],
Email: [e-mail]; Web:
www.solarworld.de/en/investor-relations


28.10.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and 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: [e-mail]
Internet: www.solarworld.de
ISIN: DE000A1YCMM2, DE000A1YDDX6, DE000A1YCN14
WKN: A1YCMM, A1YDDX, A1YCN1
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard);
Freiverkehr in Berlin, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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