DGAP-Adhoc

SolarWorld AG: Forecast for fiscal year 2016 will not be achieved

SolarWorld AG / Key word(s): Change in Forecast/Profit Warning

21.10.2016 20:08

Disclosure of an inside information according to Article 17 MAR,
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: Forecast for fiscal year 2016 will not be achieved

The Management Board of SolarWorld AG announces that the company will
achieve its shipment forecast of an increase of more than 20 percent
compared with the previous year, but it does not expect to fulfil its
forecasts regarding revenue and earnings before interest and taxes (EBIT).

After massive installations of solar systems in the first half of 2016, the
domestic demand in China collapsed due to the reduction of feed-in tariffs
in Q3 2016. In return, Chinese manufacturers have offered their inventories
at dumped prices on the global market, which has resulted in a global price
decline.


Contact:

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


21.10.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at 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: Regulated Market in Dusseldorf, Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange

End of Announcement DGAP News-Service

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