10.02.2017
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DGAP-Adhoc: SolarWorld AG: Preliminary business figures for 2016
DGAP-Ad-hoc: SolarWorld AG / Key word(s): Preliminary Results/Forecast
SolarWorld AG: Preliminary business figures for 2016
10-Feb-2017 / 13:33 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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SolarWorld AG: Preliminary business figures for 2016
In fiscal year 2016, SolarWorld AG increased groupwide shipments by 19
percent to 1,375 (2015: 1,159) megawatts, compared with the previous year.
Consolidated revenue rose by 5 percent to EUR 803 (2015: 763) million.
Earnings before interest, taxes, depreciation and amortization (EBITDA) was
EUR -26 (2015: 41) million, including provisions amounting to EUR 12
million for measures to focus operating activities until 2019. Preliminary
earnings before interest and taxes (EBIT) amounted to EUR -99 (2015: -4)
million. This includes one-off effects from impairments on fixed assets
amounting to EUR -25 million, which are not cash relevant.
As at December 31, 2016, SolarWorld had liquid funds of EUR 88 (December
31, 2015: 189) million. Liquidity improved in Q4 2016 versus the previous
quarter (September 30, 2016: EUR 84 million).
In the course of 2017, SolarWorld AG will focus its business activities on
monocrystalline high-efficiency products. This will considerably decrease
expenses in production, sales and overhead and lead to a reduction of the
number of employees by about 400 by 2019. Simultaneously, module shipments
shall increase to about 2 gigawatts in the same time period.
On the assumption that the solar market will remain fiercely competitive,
but will not be subject to extreme price reductions, the company expects
EBIT in 2017 to rise compared with 2016, although it will still be
negative. 2017 shipments are expected to grow and consolidated revenue
should lie at approximately previous year's level.
Contact:
SolarWorld AG
Investor Relations
Phone: +49 228 55920-470; Fax: +49 228 55920-9470,
Email: [email protected]; Web: www.solarworld.de/en/investor-
relations
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10-Feb-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: SolarWorld AG
Martin-Luther-King-Straße 24
53175 Bonn
Germany
Phone: +49 (0)228 - 559 20 470
Fax: +49 (0)228 - 559 20 9470
E-mail: [email protected]
Internet: www.solarworld.de
ISIN: DE000A1YCMM2, DE000A1YDDX6, DE000A1YCN14
WKN: A1YCMM, A1YDDX, A1YCN1
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime
Standard); Regulated Unofficial Market in Berlin, Hamburg,
Hanover, Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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543661 10-Feb-2017 CET/CEST
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