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 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 2,500 people and carries out production in Freiberg, Germany, and Hillsboro, Ore. 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 publicly traded on the stock market since 1999. More information at www.solarworld-usa.com
Media relations manager
SolarWorld Industries America
4650 Adohr Lane
Camarillo, CA 93012