SolarWorld AG Generates Net Profit of 18.1 Million Euro in 2004
Group Sales Doubled to 200 Million Euro
SolarWorld AG (ISIN: DE0005108401) has achieved new record result by generating group profits after tax of 18.1 (previous year: -5.4) million Euro in the year 2004. The earnings before taxes rise to 28.5 (previous year: -9.3) million Euro. Earnings before interest and tax (EBIT) rose to 32.9 (previous year: - 3.1) million Euro and earnings before interest, tax, depreciation and amortization to 49.3 (previous year: 11.7) million Euro. Group sales of the solar technology company more than doubled in 2004 to 199.9 (previous year: 98.5) million Euro in comparison with the prior year. The SolarWorld Group while exercising consistent cost management generated clearly positive results along the entire solar production chain thus demonstrating the earnings power of its strategy of full solar integration. Another positive influence was exerted by the group wide activities in the areas of quality assurance and technological development underlining the SolarWorld AG claim on solar technology leadership.