SolarWorld Presents Provisional Business Figures
2005 Consolidated Profit Almost Tripled at 52 Million EUR
SolarWorld AG (ISIN: DE0005108401) presents the provisional figures for Fiscal Year 2005. These show that group profits hit 52 million EUR thus almost tripling in comparison with the previous year (18 million EUR). Group sales grew over the previous year by more than 75 per cent reaching 355 (previous year: 199) million EUR. The return on sales improved to 15 (previous year: 9) per cent. The return on equity of 24 (previous year: 14) per cent reflects the increased profitability of the group business. As at 31 December 2005, the equity ratio amounted to 48 (previous year: 45) % and emphasises the group’s solid pattern of finance.
Earnings before interests, taxes, depreciations and amortizations (EBITDA) increased in comparison with 2004 by 120 % to 108 (previous year: 49) million EUR. The group result before interests and taxes (EBIT) climbed by 170 % to 88 % (previous year: 33 million EUR). The EBIT margin thus improved to 25 (previous year: 17 per cent). All business units practiced consistent cost management to make a contribution to the high margin result. The group-wide growth has led to a further growth of employment. In comparison with the previous year the number of employees increased by 143 staff to 759 men and women until the end of December 2005.
Information and Explaination of the Issuer to this News:
The SolarWorld Group will continuously expand the solar business in the current year. On 04 May 2006 the company will celebrate the opening of its new highly automated Solarfab II, the worldwide leader in the production of solar power modules.