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 AG
SolarWorld AG manufactures solar power systems and in doing so contributes to a cleaner energy supply worldwide. The company, located in Bonn, employs approximately 3,000 people and carries out production in Freiberg, Germany, and Hillsboro, USA. From raw material silicon to the solar module, SolarWorld manages all stages of production ‒ including its own research and development. Through an international distribution network, SolarWorld supplies customers all over the world with solar modules and complete systems. The company maintains high social standards at all locations across the globe, and has committed itself to resource- and energy-efficient production. SolarWorld has been publically traded on the stock market since 1999 and is quoted in the technology index TecDax. SolarWorld achieved sales of about one billion Euros for the fiscal year 2011. More information at www.solarworld-usa.com.
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