SolarWorld AG: Preliminary business results 2012
Ad-hoc-Announcement according to § 15 WpHG
The preliminary individual financial statements and the preliminary consolidated financial statements of SolarWorld AG as at December 31, 2012, are available and will be disclosed tomorrow. The preliminary financial statements have not yet been audited by nor received an audit opinion from the company's auditors, nor have they been adopted yet. Thus, they are subject to amendments.
Massive price declines of about 40 percent in the international solar markets and decreasing shipment volumes lead to a reduction of the consolidated revenue by about 42.0 percent to € 606.0 (2011: € 1,044.9) million.
In accordance with IAS 36, impairment tests on fixed assets were conducted at the end of the annual period. These impairment tests resulted in impairment losses of net € 176.1 million.
In 2012, the consolidated EBIT decreased to € -492.4 (2011: € -243.9) million. The consolidated net result decreased to € -476.9 (2011: € -307.1) million.
At December 31, 2012, the group’s liquid funds amounted to € 224.1 (Dec 31, 2011: € 553.3) million.
As announced by ad-hoc in advance, the individual financial statements of the parent company SolarWorld AG, which are prepared according to the German Commercial Code (HGB), state a negative net result not covered by equity capital. As at December 31, 2013, it amounted to € -38 million (this result too is subject to amendments and unaudited).
Bonn, April 29, 2013
SolarWorld AG Investor Relations
Telephone: +49 228/55920-470