SolarWorld group: Group Sales, Operating Results and Net Income Precisely on Forecast with Increase of More Than 30 Per Cent in 2008

Bonn, Germany / Hillsboro, Ore., February 13, 2009 – In fiscal 2008, the SolarWorld group generated sustainable growth of its national and international solar business. Against the backdrop of vigorous demand, group sales precisely hit forecast by achieving a 30 percent increase over the previous year, with 900 million  EUR (about $1.2 billion US), up from 690 million EUR. Operating results before taxes and interest (EBIT) also grew by more than 30 per cent to 260 (previous year: 199) million EUR reflecting the growth of the group along the entire value chain. By the same token net income for the year went up by 33 per cent to 150 (previous year: 113) million EUR. Setting aside onetime accounting charges, the group increased its EBIT by 49 per cent to 254 (previous year: 171) million EUR and its results from continued activities by 39 percent to 132 (previous year: 95) million EUR. 

Sales in January 2009 exceeded those of the same month a year earlier. This comparison indicates growing customer eagerness to invest in solar power technology.

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