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SolarWorld AG: Group sales and operating result 2007 boosted by more than 30 per cent

08-02-08v3

In fiscal year 2007 SolarWorld AG consistently expanded the national and the international solar business. Against the background of a strong demand group sales increased by more than 35 per cent to 699 (previous year: 515) million EUR in comparison with the previous year. The operating result before interest and taxes (EBIT) grew by 48 per cent to 175 (previous year: 118) million EUR thus reflecting the growth of the group along the entire value chain. The annual surplus went up by 33 per cent to 97 (previous year: 73) million EUR. These operating results do not include special effects. With special effects the group achieved an EBIT of 202 (previous year: 181) million EUR and an annual surplus of 113 (previous year: 131) million EUR. Information and Explaination of the Issuer to this News: SolarWorld acknowledged as strongly growing company and popular employer Thanks to its consistently implemented expansion strategy in the last few years the SolarWorld Group was among the 50 most vigorously growing technology companies in Germany in 2007. The management consultancy Deloitte thus acknowledged the company in its 'Fast 50'-competition for its rapid sales growth since 2002. In addition, SolarWorld AG was elected one of the one hundred best employers in Germany by the Great Place to Work Institute Germany supported by the magazines Capital and Impulse. This decision was based on an employee survey. About SolarWorld AG: The SolarWorld AG group of companies (ISIN: DE0005108401) is a world leader in high quality solar power technology. The company is involved at all levels of the solar value chain and combines all activities of the industry from silicon as the raw material to turn-key solar power system. SolarWorld AG is represented in all international solar growth markets. The group is exclusively dedicated to its core business of photovoltaic power generation, operating production facilities in Germany and the USA. They in turn supply the SolarWorld AG sales offices in Germany, Spain, USA, South Africa and Singapore. In South Korea SolarWorld AG is currently building up a solar module production facility in order to be able to serve the growing demand in Asia on the spot in the future. A central element of the business in addition to the sale of turn-key solar systems and solar modules to retailers is the distribution of solar silicon wafers to the international solar cell industry. Apart from grid-coupled (on-grid) products the SolarWorld Group also sells off-grid solar power solutions that make an important contribution to the sustainable economic development of threshold and developing countries. Under the name Solar2World the group has pooled its ethical commitment to solar power especially in developing countries. SolarWorld AG employs more than 2,000 people worldwide. At the stock market the company is listed among others in the technology index TecDAX, in the ÖkoDAX, in the Dow Jones STOXX 600, in the international MSCI index as well as in the sustainability indices DAXglobal Alternative Energy and NAI.SolarWorld Press contact SolarWorld AG Martin-Luther-King-Straße 24 53175 Bonn Germany Contact Investor Relations: Tel.-Nr.: 0228/55920-470 Contact Press: Tel.-Nr.: 0228/55920-459 Fax-Nr.: 0228/55920-9470 E-Mail: placement(at)solarworld.de Internet: www.solarworld.de

 



 
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