DGAP-News: SOLARWATT AG: SOLARWATT AG sees positive business trend in second half of 2011
(firmenpresse) - DGAP-News: SOLARWATT AG / Key word(s): Final Results
SOLARWATT AG: SOLARWATT AG sees positive business trend in second half
of 2011
29.09.2011 / 15:40
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* Increase in sales and profits in 2010
* Losses in first six months of 2011, but good second half
* Solarwatt is high-performance partner in transition towards
renewable energies
With sales of around 324 million euros and an EBITDA of 16 million euros,
SOLARWATT AG managed to increase its profits again in 2010. Sales increased
by 27 percent compared with the previous year and operating profit rose by
77 percent. While the first half of 2010 was dominated by the decrease in
feed-in tariff payments under the German Renewable Energy Law and the
related pull-forward effect, extremely steady specialist retailer business
and project business in Italy and the Czech Republic were decisive in
generating healthy profits in the second half.
Sluggish project business in the first half of 2011
For SOLARWATT AG, the first half of 2011 was characterized by extensive
changes in political determining factors. This led to weak demand in the
Italian, French and German sales markets. The consequential build-up in
large warehouse stocks resulted in a substantial fall in prices for solar
modules. Like many other companies in the sector, SOLARWATT AG recorded
51.3 percent lower sales than the same period in the previous year,
generating earnings of around 61 million euros. 'Our performance over this
period ensures that we are still trading in the top third of the market,
however. Our solid business model and a forward-looking financing strategy
guarantee that we will continue to show a strong presence on the market.
However, secure political framework conditions will certainly need to be in
place,' explains Dr. Jürgen Bruns, CFO at SOLARWATT AG.
Positive performance in the second half of 2011
Even though the market environment remains difficult, all signs point to
further growth again in the second half of 2011. This period looks
particularly promising for SOLARWATT AG thanks to attractive project
business in Italy, France and the UK and partnerships arising from the
transition towards renewable energy sources in Germany. 'SOLARWATT is one
of the few companies in the photovoltaics sector where the label 'Made in
Germany' actually means what it says. We will also remain true to our
strategy of delivering optimum quality and manufacturing exclusively in
Germany in the future. We will also continue to expand our business on an
international level and consistently invest in new markets, products and
services,' states Detlev Neuhaus, Sales and Marketing Director (CSO) at
SOLARWATT AG.
Effective partner in implementing energy transition
In addition to a flux of incoming orders from abroad, SOLARWATT AG is also
superbly positioned as a provider of innovative, all-inclusive photovoltaic
packages and energy management systems in the residential and commercial
sectors while also benefitting from its expertise as a planner and builder
of turnkey solar power stations. With its efficient, all-inclusive
solutions for a wide range of different applications, SOLARWATT offers both
private and commercial customers fast, easy, cost-effective access to solar
electricity, thus allowing consumers to escape rising electricity prices.
SOLARWATT AG is also working in close cooperation with local energy
suppliers to bring about a transition towards renewable energy sources. In
August, SOLARWATT completed a 1.3 megawatt photovoltaic system for the
German energy supplier eins energie in Saxony. SOLARWATT is currently
building a nine megawatt ground-mounted system for the German-based energy
supplier ewag, which will provide around 4,000 households with
environmentally friendly electricity as from November 2011.
About SOLARWATT:
SOLARWATT AG, headquartered in Dresden, Germany and operating throughout
Europe, is one of Germany's leading manufacturers for high quality
crystalline solar modules and prime supplier for innovative photovoltaic
packages and energy management systems. Since its foundation in 1993 the
company has grown steadily and currently employs 490 employees. In 2010
SOLARWATT achieved a sales volume of 324 Million Euros.
The company's product portfolio contains module types for various
applications. Next to its core competency as a solar module manufacturer,
SOLARWATT develops and markets intelligent energy management systems for
the efficient control and optimal use of solar power. In another business
unit the company develops and implements turnkey solar equipment and power
plants. For photovoltaic projects in private households and the commercial
sector, SOLARWATT offers product packages that contain, next to the
complete solar technology, comprehensive service offers.
SOLARWATT produces in one of Europe's most modernist manufacturing lines.
The company's manufacturing capacity is 300MWp. The power spectrum of its
exclusively in Germany produced modules ranges from 2 to 320 Watt.
For further information: www.solarwatt.de
Contact:
Company
SOLARWATT AG
Sabine Penkawa
Maria-Reiche-Straße 2a
01109 Dresden
Germany
Tel.: +49 351 8895-447
Fax: +49 351 8895-100
E-Mail: sabine.penkawa(at)solarwatt.de
Media
biallas-communication&consulting GmbH
Carolin Hoppe
Goseriede 4
30159 Hannover
Germany
Tel. +49 511 676698-281
Fax: +49 0511 676698-270
E-Mail: c.hoppe(at)biallas-cc.de
End of Corporate News
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