SolarWorld AG / Key word(s): Preliminary Results/Change in Forecast 29.07.2016 08:47 Disclosure of an inside information according 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 results for Q2 2016 In Q2 2016, SolarWorld AG raised groupwide shipments by 39 percent, compared with previous year's quarter, to 342 (Q2 2015: 246) megawatts. In H1 2016, SolarWorld increased its shipments by 50 percent to 682 (H1 2015: 456) megawatts. In Q2 2016, consolidated revenue rose to EUR 222 (Q2 2015: 171) million. In H1 2016, the group reached EUR 434 (H1 2015: 320) million. SolarWorld managed to increase its earnings before interest, taxes, depreciation and amortization (EBITDA) to EUR 18.5 (Q2 2015: 7.0) million in Q2 2016. In H1 2016, EBITDA rose to EUR 20.5 (H1 2015: 9.9) million. Earnings before interest and taxes (EBIT) improved to EUR 6.6 (Q2 2015: -4.2) million in Q2 2016. In H1 2016, SolarWorld AG managed to improve EBIT to EUR -3.1 (H1 2015: -12.2) million. At the cut-off date June 30, 2016, the group had liquid funds of EUR 148 (March 31, 2016: 183) million, after it had made repayments of loans and interest payments in an amount of EUR 27 million and invested EUR 9 million in production plants in Q2 2016. Mid-year, price pressure on the international solar market increased. Due to this market development, SolarWorld will reach EBIT in a range between EUR -10 million and EUR +10 million for the full year 2016. The group still expects to be able to raise its shipments by more than 20 percent in 2016, compared with previous year (2015: 1,159 megawatts). Consolidated revenue should also increase by more than 20 percent, compared with previous year (2015: EUR 763 million). SolarWorld is striving to reach up to EUR 1 billion of revenue in 2016. 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 29.07.2016 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; Terminbörse EUREX End of Announcement DGAP News-Service ---------------------------------------------------------------------------