SolarWorld AG Outperforms 1 Billion Revenue Forecast for 200905-01-10
Consolidated sales revenues of the SolarWorld Group increased substantially versus the previous year (900.3 million EUR) to the provisional figure of 1,010 million EUR.
SolarWorld AG benefited from the worldwide increase in the demand for high quality and brand name technology in solar power generation. By exceeding the one billion revenue mark in 2009 the group increased its annual sales revenue by a factor of more than 185 in the ten years since its IPO (1999 revenue: 5.4 million EUR).
The complete revenue and earnings figures for the fiscal year just ended will be published as planned on 25 March 2010.
Before making a forecast for 2010 the Management Board will wait to see the international price development and the development of the national funding policy. At the same time SolarWorld AG will push ahead with investments in its worldwide high-tech locations so as to be able to meet the constantly rising demand for solar energy generation technology with massive increases in its production volumes.
About SolarWorld AG
The SolarWorld AG group of companies (ISIN: DE0005108401) is a world leader in high-quality solar power technology. The company is exclusively dedicated to its core business of photovoltaic power generation and combines all activities of the solar industry from silicon as the raw material to turn-key solar power systems including recycling. SolarWorld is represented in all the world’s solar growth markets and predominantly produces in Germany and the USA. Its largest sites are located in Freiberg, Saxony, and Hillsboro, USA. The central group office is in Bonn. Worldwide sales of solar modules are secured by five sales offices in Germany, Spain, USA, South Africa and Singapore. The central element of the business in addition to the sale of turn-key solar systems and solar modules to the trade is the distribution of solar silicon wafers to the international solar cell industry. Apart from grid-coupled (on-grid) products, the SolarWorld Group sells off-grid solar power solutions. Under the name Solar2World the Group takes its ethical commitment to fair development also to emerging economies and developing countries, promoting in particular off-grid solar power solutions exemplary of sustainable economic development.
Sustainability is an integral element of SolarWorld’s corporate strategy. The corporate management is committed to sustainable, economically, ecologically and socially compatible growth. SolarWorld AG employs about 2,700 people worldwide. The company is listed at the stock market, among others in the technology index TecDAX, in the ÖkoDAX, in the Dow Jones STOXX 600, in the international MSCI-Index and in the sustainability indices DAXglobal Alternative Energy and NAI.
SolarWorld AG Investor Relations / Corporate Communications,
Phone no. +49 (0) 228/55920-470;
fax no. +49 (0) 228/55920-9470,