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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.

SolarWorld Real Value

SolarWorld manufactures and sells solar power solutions and in doing so contributes to a cleaner energy supply worldwide. As the largest solar producer in the United States and Europe, SolarWorld employs about 3,200 people and carries out production in Hillsboro, Ore., and Freiberg and Arnstadt, Germany. From the raw material silicon to solar wafers, cells and panels, SolarWorld manages all stages of production ‒ including its own research and development. The company maintains high social standards at all locations across the globe and is committed to resource- and energy-efficient production. Headquartered in Bonn, Germany, SolarWorld was founded in 1998 and has been publicly traded on the stock market since 1999. For more information, visit www.solarworld-usa.com.

Media Contact

Devon Cichoski
Media relations manager
SolarWorld Industries America
4650 Adohr Lane
Camarillo, CA 93012
Mobile: 805-377-2905
Office: 805-388-6388
devon.cichoski(at)solarworld-usa.com