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SolarWorld Increases Operating Result by 51.8 per cent in the First Nine Months and Expects to Exceed the Profit Forecast for Fiscal Year 2008

03-11-08v3

SolarWorld AG further expanded sales and earnings by double digit percentage amounts in the 3rd quarter of 2008. In 3Q group sales grew by 47.2 per cent to 238.3 (previous year: 161.9) million EUR and in the first nine months by 41.5 per cent to 665.4 (previous year: 470.1) million EUR. The operating result before interest and tax (EBIT) went up from July through September by 67.3 per cent to 90.7 (previous year: 54.2) million EUR and cumulatively as per September by 51.8 per cent to 209.3 (previous year: 137.9) million EUR. The group profit could be increased in the 3rd quarter by 17.3 per cent to 35.9 (previous year: 30.6) million EUR and in the first nine months by 56.1 per cent to 123.0 (previous year: 78.8) million EUR. SolarWorld AG has thus consistently taken all currently predictable capital market risks into consideration in its balance sheet. The group-wide rate of international business amounted to 59 (previous year: 49) per cent. The Management Board of SolarWorld AG expects to exceed the profit forecast for Fiscal Year 2008. 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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