17.03.2016
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DGAP-News: SolarWorld AG will continue growth in 2016 with high-tech strategy and bifacial solar modules
DGAP-News: SolarWorld AG / Key word(s): Miscellaneous/Miscellaneous
SolarWorld AG will continue growth in 2016 with high-tech strategy and
bifacial solar modules
17.03.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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SolarWorld AG will continue growth in 2016 with high-tech strategy and
bifacial solar modules
Growth in the international solar markets and a clear focus on high
efficiency technology made in Germany and in USA were the key factors
behind SolarWorld's performance in fiscal year 2015, as the company points
out in its Annual Group Report 2015 released today.
In fiscal year 2016, SolarWorld will continue its growth with its high-tech
strategy and bifacial solar modules. Dr.-Ing. E. h. Frank Asbeck, CEO of
SolarWorld AG: "In 2016, we will continue to offer our customers added
value and further strengthen our technology and quality leadership." In
this respect, SolarWorld has launched the BISUN solar module, which
captures the sunlight with its front as well as with its rear side and thus
generates up to 25 percent more electricity using the same space.
In fiscal year 2016, SolarWorld wants to increase its shipments by more
than 20 percent, compared with the previous year (2015: 1,159 MW). By
mid-March 2016, SolarWorld had generated shipments and orders amounting to
more than 800 MW. In line with shipments, group revenue should grow by more
than 20 percent, too, compared with the previous year (2015: EUR 763
million), striving to reach up to EUR 1 billion in 2016.
Philipp Koecke, CFO of SolarWorld AG: "In 2016, SolarWorld wants to invest
further and to improve its performance in the operating business, compared
with 2015." On this basis, earnings before interest, taxes, depreciation
and amortization (EBITDA) will increase significantly in 2016 (2015: EUR 41
million). Earnings before interest and taxes (EBIT) should be positive in
fiscal year 2016 (2015: EUR -4 million). Typical seasonal effects may,
however, lead to different results in individual quarters. Over the course
of the whole year, SolarWorld expects its EBIT to be in the lower double
digit million range.
The Annual Group Report 2015 of SolarWorld AG:
www.solarworld.de/financial-reports
Note for journalists: CEO Dr.-Ing. E. h. Frank Asbeck and CFO Phillip
Koecke will present the Annual Group Report 2015 today at 10.30 a.m. CET at
the financial statement press conference in Bonn, Germany.
SolarWorld REAL VALUE: SolarWorld manufactures and sells high-tech solar
power solutions and in doing so contributes to a cleaner energy supply
worldwide. The group, headquartered in Bonn, Germany, employs approximately
3,800 people and carries out production in Freiberg, Germany; Arnstadt,
Germany; and Hillsboro, USA. From raw material silicon to solar wafers,
cells and modules, SolarWorld manages all stages of production ‒ including
its own research and development. Through an international distribution
network with locations in Europe, USA, Singapore, Japan and South Africa,
SolarWorld supplies customers all over the world. The company maintains
high social standards at all locations across the globe, and has committed
itself to resource- and energy-efficient production. SolarWorld was founded
in 1998 and has been publicly traded on the stock market since 1999. More
information at www.solarworld.com
Contact:
SolarWorld AG
Investor Relations
Phone: +49 228 55920-470;
Email: [email protected]; Web:
www.solarworld.de/en/investor-relations
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17.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and 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, Munich,
Stuttgart; Terminbörse EUREX
End of News DGAP News Service
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