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SolarWorld AG Meets Forecast in First Quarter 2008

08-04-29

In the first quarter of 2008 SolarWorld AG significantly expanded the national and international solar business. Group sales increased over the previous year by 28 per cent to 167.5 (prior year: 131.1) million EUR. The operating result before interests and taxes (EBIT) rose by 37 per cent to 39.2 (prior year: 28.7) million EUR. Taking into consideration special effects like the sale of shares in Gällivare PhotoVoltaic AB (GPV) amounting to 12.8 million EUR and allowing for a financial result of -13.2 million EUR SolarWorld AG generated a consolidated net profit of 34.8 (prior year: 21.4) million EUR in the first quarter of fiscal year 2008.

SolarWorld Press contact

SolarWorld AG

Martin-Luther-King-Straße 24
53175 Bonn
Germany

Contact Investor Relations: Phone: 0228/55920-470
Contact Press: Phone: 0228/55920-459
Fax: 0228/55920-9470

E-Mail: placement(at)solarworld.de
Internet: www.solarworld.de

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