Quick Quarter - 3rd Quarter 2009
With our Quick Quarter overview we offer you fast and compact information on the current business development of SolarWorld. Here you will find in a brief summary all the most important facts and figures of the third quarter of 2009.
It goes without saying that we will continue to make available to you our comprehensive consolidated interim report for the third quarter of 2009 with more detailed information: Just click on the “Find out more” button and you will be passed to the relevant website instantly.
Experts are expecting strong growth of the international solar market. The main driver will continue to be the roof systems business above all in Germany and the USA.
SolarWorld will continue to invest in its production capacities in Germany, the USA and South Korea. In doing so the company will consistently use the site advantages in these core markets.
For the year 2010 the group plans investments in the order of magnitude of 300 million €.
Earnings, Finance and Asset Situation
SolarWorld was able to increase its total shipments in the first nine months of 2009 by 22 per cent to 364 (previous year: 298) MW.
Group revenues in the first nine months amounted to 634.1 (previous year: 665.4) million €. Sales revenues in the third quarter of 2009 amounted to 232.5 (previous year: 238.3) million € and rose by three per cent in comparison with the second quarter despite decline in prices.
SolarWorld continued its high level of investments. The emphasis was on the expansion of wafer production in Germany as well as integrated wafer and cell production in the USA.
Business Development 3rd Quarter 2009
The increased demand had a positive influence on the business development of SolarWorld: Thus, the shipments of modules and solar kits went up by 29 per cent in the third quarter versus the same period of the previous year.
In the reporting period the company continued to invest in its brand awareness. The main instruments were TV commercials, posters, mailings, inserts and print advertisements.
Maket and General Conditions
The international solar market developed dynamically in the third quarter of 2009. The main driver of this was the German market where in the period under review 953 MW of output capacity were newly installed.
In the US market the general conditions for the funding of solar power have changed for the positive. Demand effects resulting from this are, however, not expected before the first half of 2010.
The European markets continued to grow in the third quarter. France, Belgium and Italy showed particularly dynamic growth.
In the period under review SolarWorld AG received some awards for its capital market communication. For example, in the annual Manager Magazin competition “The Best Annual Reports” the annual report of the company came in as second in the TecDAX category.
The interest of the capital market in SolarWorld stocks has further increased. At the cut-off date 41 (previous year: 29) analysts reported about SolarWorld.