DGAP-News: SolarWorld Increases First Half 2010 Revenue by Some 50 Percent
(firmenpresse) - SolarWorld AG / Miscellaneous/Miscellaneous
11.08.2010 08:01
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Online Annual Report Receives LACP Award
Presenting its group interim report for the first half of 2010, SolarWorld
confirms previously reported figures. Compared with the same period of
2009, groupwide shipments in the first half of 2010 rose 58 percent to 377
(first half 2009: 239) MW. Revenue grew by 50.8 percent to EUR 608.4 (first
half 2009: EUR 403.4) million. EBIT for the first half of the year amounted
to EUR 81.2 (first half 2009: EUR 83.3) million while the EBIT margin ran
to 13.3 percent. 'We were able to make use of the dynamic development of
the international solar markets,' says Dr. Ing. h.c. Frank Asbeck, chairman
and CEO of SolarWorld AG. 'The worldwide production sites are working at
full capacity; capacity expansion is proceeding according to plan. We are
investing in highly advanced, efficient manufacturing facilities.
SolarWorld is fit for the markets of the future.'
In early September, machines for module production at the U.S. site in
Hillsboro/Oregon will be ramped up. The plan is for a year-end capacity of
350 MW. Cell production increased by around 35 percent in the first half of
the year and will reach full capacity utilization by the first quarter of
2011. Marketing measures were stepped up in the United States, the
important market of the future. Since the middle of July, Larry Hagman,
renowned as oil baron J.R. Ewing from the TV series 'Dallas,' has starred
in advertising for SolarWorld and solar energy's turnaround in the United
States. Capacities also are increasing at the German SolarWorld location in
Freiberg/Saxony. A new 250 MW wafer-production facility was inaugurated at
the end of May. In Freiberg, the capacity can be increased to a total of 1
GW. In early July, the foundation stone was laid for a new
module-production site, Solar Factory III, to boost SolarWorld's module
capacity to 550 MW. Dr. Ing. h.c. Frank Asbeck, 'The European markets will
grow vigorously, first and foremost in Italy but also in France and in
Eastern Europe. Our Freiberg production site is located right in the heart
of Europe, securing short transport routes to all these markets for us.'
SolarWorld faces the increased international requirements when it comes to
reporting, too. Its online annual report for fiscal year 2009 received a
Gold Award from the League of American Communications Professionals (LACP).
Philipp Koecke, chief financial officer of SolarWorld AG, 'We are delighted
with this award because the importance of good online communications is
increasing constantly. The annual report serves as a reliable worldwide
source of information. By way of global access facilities of the World Wide
Web, we are increasing transparency and reaching an enlarged audience.' The
award is among the largest competitions for annual reports.
About SolarWorld AG: The SolarWorld AG Group (ISIN: DE0005108401) is a
worldwide leader in offering brand-name, high quality, crystalline
solar-power technology. Its strength is its fully integrated solar
production. From silicon as the raw material through wafers, cells and
modules all the way to turn-key solar systems, including recycling, the
group combines all stages of the solar value chain. The central business
activity is selling quality modules into the installation and distribution
trades and crystalline wafers to the international solar cell industry.
Group headquarters are located in Bonn, Germany. Production sites are to be
found in Germany, the United States and South Korea. The group's largest
production facilities operate in Freiberg, Germany and Hillsboro in the
U.S. State of Oregon. Sustainability is the basis of the group strategy.
Under the name Solar2World, the group supports care projects using off-grid
solar-power solutions in emerging economies and developing countries,
exemplifying sustainable economic development. Worldwide, SolarWorld
employs more than 2,900 people. SolarWorld AG has been quoted on the stock
exchange since 1999 and today is listed on, among others, the TecDAX,ÖkoDAX, Dow Jones STOXX 600 as well as in the sustainability indices
DAXglobal Alternative Energy and NAI.
Contact SolarWorld AG
Investor Relations: Tel.-No.: 0228/55920-470; Fax-No.: 0228/55920-9470,
E-Mail: placement(at)solarworld.de
Press: Tel.-No.: 0228/55920-400, E-Mail: press(at)solarworld.de
Internet: www.solarworld.de
11.08.2010 08:01 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: SolarWorld AG
Martin-Luther-King-Straße 24
53175 Bonn
Deutschland
Phone: +49 (0)228 - 559 20 470
Fax: +49 (0)228 - 559 20 99
E-mail: placement(at)solarworld.de
Internet: www.solarworld.de
ISIN: DE0005108401
WKN: 510840
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
Freiverkehr in Hamburg, München, Berlin, Stuttgart;
Terminbörse EUREX
End of News DGAP News-Service
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Datum: 11.08.2010 - 08:01 Uhr
Sprache: Deutsch
News-ID 31951
Anzahl Zeichen: 0
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Kategorie:
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