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SolarWorld AG continues growth with quality and high-efficiency products
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0 KommentareDGAP-News: SolarWorld AG / Key word(s): Quarterly / Interim
Statement/Miscellaneous
SolarWorld AG continues growth with quality and high-efficiency products
12.05.2016 / 08:28
The issuer is solely responsible for the content of this announcement.
Statement/Miscellaneous
SolarWorld AG continues growth with quality and high-efficiency products
12.05.2016 / 08:28
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Consolidated quarterly statement on first three months 2016 released
SolarWorld AG sees a growing demand for its quality and high-efficiency
products on the international solar market. In the first three months of
2016, the group increased its revenue by more than 40 percent, compared
with previous year's quarter. The company released its consolidated
quarterly statement today and confirmed its preliminary figures.
"We are quality and technology leader for high-efficiency solar products.
More and more customers recognize the clear added value we offer: highly
reliable energy yields and returns on investment for more than 30 years,"
explains Dr.-Ing. E. h. Frank Asbeck, CEO of SolarWorld AG. With its high-
tech strategy, SolarWorld was able to grow considerably above all in the
U.S. and Europe in the first quarter 2016. "Quality awareness is rising
everywhere, also in the market for large-scale solar projects. Here, we won
some attractive orders, for example in Sri Lanka, France and the United
States. Our modules with PERC technology and 72-cell-modules are
particularly high in demand for projects," Frank Asbeck says. "In future,
our bifacial modules Bisun will score highly in this segment, too." A solar
installation at the University of Richmond, Virginia/United States, is one
of the first to employ the Bisun modules, which generate electricity both
from direct exposure to solar radiation on the front side as well as
reflected sunlight on the backside.
Over the course of 2016, SolarWorld wants to further benefit from the
strong demand and continues to invest in technological upgrades and the
expansion of its production capacities. In the first three quarters, the
company already invested EUR 6 million. This year, SolarWorld concentrates
on PERC, bifacial technology and the introduction of 5 instead of the
market standard 3 busbars - the contacts on the solar cell. This will
increase cell efficiency by up to 2 percent. These investments enable
SolarWorld to increase its share of high-efficiency products in its product
mix. "This will also improve our operating result over the year. We are on
track to reach our goals for fiscal year 2016," Frank Asbeck says.
Consolidated Quarterly Statement Q1 2016 of SolarWorld AG:
www.solarworld.de/financial-reports
SolarWorld REAL VALUE: SolarWorld manufactures and sells high-tech solar
power solutions and in doing so contributes to a cleaner energy supply
worldwide. The group, headquartered in Bonn, Germany, employs 3,820 people
and carries out production in Freiberg, Germany; Arnstadt, Germany; and
Hillsboro, USA. From raw material silicon to solar wafers, cells and
modules, SolarWorld manages all stages of production ‒ including its own
research and development. Through an international distribution network
with locations in Europe, USA, Singapore, Japan and South Africa,
SolarWorld supplies customers all over the world. The company maintains
high social standards at all locations across the globe, and has committed
itself to resource- and energy-efficient production. SolarWorld was founded
in 1998 and has been publicly traded on the stock market since 1999. More
information at www.solarworld.com
Contact:
SolarWorld AG
Investor Relations
Phone: +49 228 55920-470;
Email: placement@solarworld.com; Web: www.solarworld.de/en/investor-
relations
---------------------------------------------------------------------------
12.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP 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-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; Terminbörse EUREX
End of News DGAP News Service
---------------------------------------------------------------------------
462901 12.05.2016
Consolidated quarterly statement on first three months 2016 released
SolarWorld AG sees a growing demand for its quality and high-efficiency
products on the international solar market. In the first three months of
2016, the group increased its revenue by more than 40 percent, compared
with previous year's quarter. The company released its consolidated
quarterly statement today and confirmed its preliminary figures.
"We are quality and technology leader for high-efficiency solar products.
More and more customers recognize the clear added value we offer: highly
reliable energy yields and returns on investment for more than 30 years,"
explains Dr.-Ing. E. h. Frank Asbeck, CEO of SolarWorld AG. With its high-
tech strategy, SolarWorld was able to grow considerably above all in the
U.S. and Europe in the first quarter 2016. "Quality awareness is rising
everywhere, also in the market for large-scale solar projects. Here, we won
some attractive orders, for example in Sri Lanka, France and the United
States. Our modules with PERC technology and 72-cell-modules are
particularly high in demand for projects," Frank Asbeck says. "In future,
our bifacial modules Bisun will score highly in this segment, too." A solar
installation at the University of Richmond, Virginia/United States, is one
of the first to employ the Bisun modules, which generate electricity both
from direct exposure to solar radiation on the front side as well as
reflected sunlight on the backside.
Over the course of 2016, SolarWorld wants to further benefit from the
strong demand and continues to invest in technological upgrades and the
expansion of its production capacities. In the first three quarters, the
company already invested EUR 6 million. This year, SolarWorld concentrates
on PERC, bifacial technology and the introduction of 5 instead of the
market standard 3 busbars - the contacts on the solar cell. This will
increase cell efficiency by up to 2 percent. These investments enable
SolarWorld to increase its share of high-efficiency products in its product
mix. "This will also improve our operating result over the year. We are on
track to reach our goals for fiscal year 2016," Frank Asbeck says.
Consolidated Quarterly Statement Q1 2016 of SolarWorld AG:
www.solarworld.de/financial-reports
SolarWorld REAL VALUE: SolarWorld manufactures and sells high-tech solar
power solutions and in doing so contributes to a cleaner energy supply
worldwide. The group, headquartered in Bonn, Germany, employs 3,820 people
and carries out production in Freiberg, Germany; Arnstadt, Germany; and
Hillsboro, USA. From raw material silicon to solar wafers, cells and
modules, SolarWorld manages all stages of production ‒ including its own
research and development. Through an international distribution network
with locations in Europe, USA, Singapore, Japan and South Africa,
SolarWorld supplies customers all over the world. The company maintains
high social standards at all locations across the globe, and has committed
itself to resource- and energy-efficient production. SolarWorld was founded
in 1998 and has been publicly traded on the stock market since 1999. More
information at www.solarworld.com
Contact:
SolarWorld AG
Investor Relations
Phone: +49 228 55920-470;
Email: placement@solarworld.com; Web: www.solarworld.de/en/investor-
relations
---------------------------------------------------------------------------
12.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP 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-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; Terminbörse EUREX
End of News DGAP News Service
---------------------------------------------------------------------------
462901 12.05.2016
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