SolarWorld AG: Notice for individual company pursuant to Sec. 92 (1) AktG and confirmation of preliminary figures 2016 for SolarWorld Group and of forecast 201721-03-17
The Management Board of SolarWorld AG notifies that a loss has occurred in the amount of one half of the nominal share capital (Sec. 92 (1) of the German Stock Corporations Act - AktG). This loss mainly results from provisions and impairments with regard to measures to focus business activities and cut costs, which have been initiated to enhance the earnings power of the individual company and the SolarWorld Group.
Equity in the individual financial statements of SolarWorld AG prepared according to the German Commercial Code (HGB) for fiscal year 2016 decreased to € 2.6 (December 31, 2015: 30.8) million because of losses after taxes amounting to € 28.2 million.
Pursuant to Sec. 92 (1) AktG, the Management Board will convene a shareholders’ meeting.
As at December 31, 2016, equity of the SolarWorld group including all subsidiaries amounted to € 120.5 million. This equals an equity ratio of 18 percent. Moreover, the Management Board confirms the financial figures of the group for fiscal year 2016 announced on February 10, 2017, as well as its forecast for 2017. The report will be released on March 29, 2017, as planned.