SolarWorld AG Increases Forecast for 2005
Sales and Earnings Growth of 40 Percent over the Previous Year
SolarWorld AG (ISIN: DE0005108401) again increases its forecast for fiscal year 2005. In comparison with fiscal year 2004 the Board of Management expects a group-wide increase of sales and earnings by 40 per cent each instead of the 25 per cent predicted so far. As a result group sales will rise to more than EUR 280 million and earnings after tax to more than EUR 25 million per annum. It is expected that the group will outperform the market with these figures.
The Board of Management of SolarWorld AG further decided to propose the distribution of a dividend of EUR 0.36 (previous year: EUR 0.18) for fiscal year 2004 to the Annual General Meeting. The AGM will also be asked to pass a resolution on issuing bonus shares.