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SolarWorld presents good 2008 results

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.

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. Through an international distribution network with locations in the United States, Europe, Singapore and South Africa, SolarWorld supplies customers all over the world. 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 publically 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