SolarWorld AG Increases Shipments by 58 Percent Versus First Half of 2009

SolarWorld AG / Half Year Results/Miscellaneous

29.07.2010 08:02

Dissemination of an Ad hoc announcement according to § 15 WpHG,
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The issuer is solely responsible for the content of this announcement.

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and Generates Operating Result of EUR 81.2 Million 

SolarWorld AG continued the sustainable, international growth of the group
in the second quarter of 2010. Group-wide shipments went up in comparison
with the level of the same period of the previous year of 125 MW by 90
percent to 237 MW. At the same time, the company boosted its revenue by
68.6 percent from EUR 227.1 million in the second quarter of 2009 to EUR
382.8 million in the second quarter of 2010. EBIT rose in comparison to the
second quarter of 2009 (EUR 45.5 million) by EUR 10.9 million to EUR 56.4
million in the second quarter of 2010. EBIT margin amounted to 14.7
percent. Profit after tax went up from EUR 27.9 million (second quarter of
2009) to EUR 29.6 million in the second quarter of 2010.

In comparison with the first half of 2009 (239 MW), group-wide shipments
increased by 58 percent to 377 MW in the first half of 2010. Revenue grew
by 50.8 percent from EUR 403.4 million in the first half of 2009 to EUR
608.4 million in the first half of 2010. In the first half of 2010, EBIT
amounted to EUR 81.2 million (first half of 2009: EUR 83.3 million). EBIT
margin came to 13.3 percent. Profit after tax in the first half of 2010
amounted to EUR 34.8 (first half of 2009: EUR 51.7) million.

The expansion of the production capacities will be implemented as
scheduled, and the worldwide production locations are working under full
load.

SolarWorld AG Investor Relations / Corporate Communications
Tel.-No.: 0228/55920-470; Fax-No.: 0228/55920-9470,
E-Mail: placement@solarworld.de; Internet: www.solarworld.de




29.07.2010 Ad hoc announcement, Financial News and Press Release
distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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@solarworld.de
Internet:     www.solarworld.de
ISIN:         DE0005108401
WKN:          510840
Indices:      TecDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
              Freiverkehr in Berlin, München, Hamburg, Stuttgart;
              Terminbörse EUREX
 
End of News                                     DGAP News-Service
 
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