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    DGAP-Adhoc  529  0 Kommentare SolarWorld AG increases revenue by 50 percent in Q1 2015


    SolarWorld AG / Key word(s): Preliminary Results/Quarter Results

    27.04.2015 10:52

    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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    Preliminary business results for Q1 2015

    - SolarWorld AG boosts shipments of solar modules and kits by 44 percent
    to 202 (Q1 2014: 140) MW

    - SolarWorld AG raises consolidated revenue by 50 percent to 149 (Q1
    2014: 99) Mio. EUR

    - SolarWorld AG achieves EBITDA of EUR 3 million

    In the first quarter of 2015, SolarWorld AG increased groupwide shipments
    of solar power modules and kits by 44 percent to 202 (Q1 2014: 140) MW. The
    company achieved strong growth above all in the United States, where
    SolarWorld boosted shipments by 170 percent to 116 (Q1 2014: 43) MW. This
    market had a share of 57 percent of total shipments of modules and kits. In
    Japan, Australia and South Africa, SolarWorld managed to grow, too. While
    export business outside the euro zone benefited from the low rate of the
    euro, the European market including Germany decreased. Thus, the foreign
    quota of shipments further increased to 90 (Q1 2014: 81) percent.

    Consolidated revenue in Q1 2015 grew by 50 percent, thus increasing
    disproportionally compared with shipments to EUR 149 (Q1 2014: 99) million.

    Consolidated earnings before interest, taxes, depreciation and amortization
    (EBITDA) rose to EUR 3 (2013: 1.6) million. This positive trend can be
    attributed among other factors to operative measures to improve efficiency
    and the cost structure at all locations. EBITDA of previous year's first
    quarter included positive one-off effects amounting to EUR 136 million
    which resulted from the initial accounting of the acquisition of the solar
    activities from Bosch Solar Energy AG. Including this one-off effect,
    EBITDA in Q1 2014 amounted to EUR 137 million.

    Consolidated earnings before interest and taxes (EBIT) reached EUR -8 (Q1
    2014: 127) million. Previous year's quarter also included the one-off
    effects mentioned above.

    At the end of the quarter, the group had liquid funds in an amount of EUR
    148 (Dec. 31, 2014: 177) million. The reduction can mainly be attributed to
    interest payments and repayments including an unscheduled partial repayment
    as well as investments in the expansion of production capacities.

    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


    27.04.2015 The DGAP Distribution Services include Regulatory Announcements,
    Financial/Corporate News and Press Releases.
    Media archive at www.dgap-medientreff.de and www.dgap.de

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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, Munich,
    Stuttgart

    End of Announcement DGAP News-Service

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    DGAP-Adhoc SolarWorld AG increases revenue by 50 percent in Q1 2015 SolarWorld AG / Key word(s): Preliminary Results/Quarter Results 27.04.2015 10:52 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 …

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