DGAP-Adhoc

SolarWorld AG exceeds shipments and revenue forecast for 2015

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

01.02.2016 08:32

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Preliminary business results for 2015

* SolarWorld AG raises groupwide shipments by 33 percent to 1,159 (2014:
873) megawatts.
* Consolidated revenue increases by 33 percent to EUR 763 (2014: 573)
million.
* EBITDA improves to EUR 35 (2014 adjusted for one-off effects: 1.6)
million.
* SolarWorld AG plans to increase its shipments and consolidated revenue by
more than 20 percent in 2016 and to reach positive EBIT in a two-digit
million amount.

In fiscal year 2015, SolarWorld AG increased groupwide shipments by 33
percent to 1,159 (2014: 873) megawatts according to preliminary
information. The United States was the largest individual market with a
share of 50 percent. In Germany, SolarWorld managed to raise shipments
contrary to the market trend (-30 percent) by more than 60 percent.

Consolidated revenue grew by 33 percent to EUR 763 (2014: 573) million in
2015. Thus, SolarWorld exceeded both its shipments forecast (> 1 gigawatt)
and its revenue forecast (> EUR 700 million) significantly.

Furthermore, SolarWorld managed to improve earnings before interest, taxes,
depreciation and amortization (EBITDA) to EUR 35 (2014 adjusted for one-off
effects: 1.6) million in 2015.

In Q4 2015, the group reached positive earnings before interest and taxes
(EBIT) amounting to EUR +8 million. For the full year, EBIT improved to EUR
-10 (2014 adjusted for one-off effects: -44) million.

In 2016, the SolarWorld group wants to uphold the trend and reach a
positive EBIT in a two-digit million amount.

Fiscal year 2015 brought considerable improvement of the group's liquidity.
SolarWorld AG increased liquid funds as at December 31, 2015, to EUR 189
(December 31, 2014: 177) million.

By the end of January 2016, the group has generated shipments and orders
amounting to 580 MW, which corresponds to half of the total shipments in
previous year 2015 (1,159 megawatts).

In the further course of the year 2016, SolarWorld expects a rising demand
for its products, especially for highpower modules with PERC and bifacial
technology, where modules turn sunlight into power using both the front and
the rear side. On this basis, SolarWorld will continue on its path of
growth in 2016 and increase groupwide shipments by more than 20 percent,
compared with previous year.

SolarWorld will raise consolidated revenue in line with shipments by more
than 20 percent and strives to reach up to one billion euros of revenue in
2016.

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


01.02.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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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:
E-mail: [e-mail]
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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