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. --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 10-Feb-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 543661 10-Feb-2017 CET/CEST