SolarWorld presents good 2008 results
SolarWorld group: Group Sales, Operating Results and Net Income Precisely on Forecast with Increase of More Than 30 Percent in 2008
Bonn, Germany / Hillsboro, Ore., February 13, 2009 – In fiscal 2008, the SolarWorld group generated sustainable growth of its national and international solar business. Against the backdrop of vigorous demand, group sales precisely hit forecast by achieving a 30 percent increase over the previous year, with 900 million EUR (about $1.2 billion US), up from 690 million EUR. Operating results before taxes and interest (EBIT) also grew by more than 30 percent to 260 (previous year: 199) million EUR reflecting the growth of the group along the entire value chain. By the same token net income for the year went up by 33 percent to 150 (previous year: 113) million EUR. Setting aside onetime accounting charges, the group increased its EBIT by 49 percent to 254 (previous year: 171) million EUR and its results from continued activities by 39 percent to 132 (previous year: 95) million EUR
Sales in January 2009 exceeded those of the same month a year earlier. This comparison indicates growing customer eagerness to invest in solar power technology.
About SolarWorld (www.solarworld-usa.com)
SolarWorld (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 of all sizes, 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. 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 developing countries, exemplifying sustainable economic development. Worldwide, SolarWorld employs more than 3,300 people. SolarWorld AG has been quoted on the stock exchange since 1999 and today is listed on, among others, the TecDAX and ÖkoDAX as well as in the sustainability index NAI.
Media Contact:
Devon Cichoski
Media relations manager
SolarWorld Americas
4650 Adohr Lane
Camarillo, CA 93012
Mobile: 805-388-6388
Office: 805-377-2905
devon.cichoski(at)solarworld-usa.com