SolarWorld Group again reports double digit growth in second quarter/EBIT climbs by 32 percent to $68 million
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 the SolarWorld group
The SolarWorld group (ISIN: DE0005108401) is a worldwide leader in offering brand-name, high-quality, crystalline solar-power technology. Its strength is its fully integrated solar production. From silicon as the raw material through wafers, cells and modules all the way to turn-key solar systems, including recycling, the group combines all stages of the solar value chain. The central business activity is selling quality modules into the installation and distribution trades and crystalline wafers to the international solar cell industry. Group headquarters are located in Bonn, Germany. Production sites are to be found in Germany, the United States and South Korea. The group’s largest production facilities operate in Freiberg, Germany and Hillsboro in the U.S. state of Oregon. Sustainability is the basis of the group strategy. Under the name Solar2World, the group supports care projects using off-grid solar-power solutions in emerging economies and developing countries, exemplifying sustainable economic development. Worldwide, SolarWorld employs more than 2,700 people. SolarWorld AG has been quoted on the stock exchange since 1999 and today is listed on, among others, the TecDAX, ÖkoDAX, Dow Jones STOXX 600 as well as in the sustainability indices DAXglobal Alternative Energy and NAI.
www.solarworld-usa.com
Media Contact:
Ben Santarris
Public affairs manager
SolarWorld
25300 N.W. Evergreen Road
Hillsboro, OR 97124
Mobile: 503 927 9858
Office: 503 693 5189
ben.santarris(at)solarworld-usa.com