SolarWorld AG: Group sales and operating result 2007 boosted by more than 30 percent
Bonn, February 14th, 2008 - In fiscal year 2007 SolarWorld AG consistently expanded the national and the international solar business. Against the background of a strong demand group sales increased by more than 35 percent to 699 (previous year: 515) million EUR in comparison with the previous year. The operating result before interest and taxes (EBIT) grew by 48 percent to 175 (previous year: 118) million EUR thus reflecting the growth of the group along the entire value chain. The annual surplus went up by 33 percent to 97 (previous year: 73) million EUR. These operating results do not include special effects. With special effects the group achieved an EBIT of 202 (previous year: 181) million EUR and an annual surplus of 113 (previous year: 131) million EUR.
SolarWorld acknowledged as strongly growing company and popular employer
Thanks to its consistently implemented expansion strategy in the last few years the SolarWorld Group was among the 50 most vigorously growing technology companies in Germany in 2007. The management consultancy Deloitte thus acknowledged the company in its "Fast 50"-competition for its rapid sales growth since 2002.
In addition, SolarWorld AG was elected one of the one hundred best employers in Germany by the Great Place to Work® Institute Germany supported by the magazines Capital and Impulse. This decision was based on an employee survey.
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