SolarWorld AG: Preliminary business figures for first quarter 201728-04-17
In the first quarter 2017, SolarWorld AG sold 382 MW in a difficult market environment and thus increased its groupwide shipments both versus previous year’s quarter (Q1 2016: 340 MW) and versus previous quarter (Q4 2016: 348 MW). Due to the global price erosion since mid-2016, consolidated revenue decreased versus previous years’ quarter to € 186 (Q1 2016: 213) million. Compared with the previous quarter, however, SolarWorld was able to increase its consolidated revenue (Q4 2016: € 164 million).
Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to € -18 (Q1 2016: 2) million. In the previous quarter, EBITDA was € -41 million. Earnings before interest and taxes (EBIT) totaled € -28 (Q1 2016: -10) million, versus € -51 million in the fourth quarter 2016.
Both operating performance indicators in first quarter 2017 are so in line with plan for the year 2017.
As at March 31, 2017, SolarWorld had liquid funds of € 84 (December 31, 2016: 88) million.
SolarWorld AG started measures to focus on monocrystalline high-efficiency technology in the first quarter 2017. Measures are on track and will be mostly completed this year.