|
Bonn/Camarillo, August 2, 2007. In the second quarter of 2007, the German-American solar technology company SolarWorld Group increased sales and earnings in the double digit range. Group sales rose to $247 (previous year: $138.5) million in the second quarter and to $428.6 (previous year: $252.3) million in the first half of the year. Earnings before interest and tax (EBIT) went up by 32 percent to $67.9 (previous year: $51.5) million from April through June and to $115.9 (previous year: $88.2) million in the first half of the year.
In comparison with the first quarter of the year the quarterly profit rose by 25 percent to $36.6 million. In the first half of 2007, the annual surplus increased to $65.9 (previous year: $54.8) million. For the full year the target is - very much like in the first half of the year - to exceed the growth forecast of 20 percent. Also on the basis of the adjusted results for 2006 (EBIT: $161.3 million), SolarWorld Group is again expecting growth in operating profit of 20 percent.
About SolarWorld AG: The SolarWorld Group is among the top three in the solar power industry worldwide. The group is dedicated exclusively to the core business of solar energy, combining all stages of the solar value chain, from raw material silicon to turn-key solar power plants. The company operates production facilities in Germany, Sweden and the USA. The largest module production line in the USA is being built up in California, as well as a factory in Hillsboro, Oregon, which will be the largest wafer and cell production facility in America. In Freiberg, Germany the group operates one of the world’s most advanced integrated solar production facilities.
Among the currently most important sales markets are Germany, the United States and in the rest of Europe especially Spain. In addition, sales offices operate in South Africa and Singapore, completing the international alignment of the group. The responsibilities of these offices include the sale of rural solar power solutions that can make an important contribution to the fair and sustainable economic development of the southern hemisphere. In the trading business SolarWorld AG offers a broad and diverse range of products from modules for on-grid and off-grid power generation all the way to complete solar power systems for decentralized and centralized electricity generation.
After the IPO at the end of 1999, the company developed within a few years to a fully integrated solar technology group, increasing its workforce to more than 1,800 employees by the end of the second quarter of 2007. SolarWorld AG is listed at the stock exchange in the technology index TecDAX, in the Eco-DAX, in the Dow Jones STOXX 600 as well as the international MSCI Index and the sustainability index DAXglobal Alternative Energy and NAI.
Contact:
SolarWorld AG Investor Relations / Marketing Communications
Kurt-Schumacher-Str. 12-14, 53113 Bonn
Phone: +49 228 55920 470
Fax: +49 228 55920 9470
placement(at)solarworld.de
www.solarworld.de
Anne Schneider
SolarWorld Industries America
4650 Adohr Lane, Camarillo, CA 93012
Phone: +1 805 388 6285
Cell: +1 805 444 7425
a.schneider(at)solarworld-usa.com
| 
