SolarWorld Shipped 440MW of PV Modules in the First Half of 2015

published: 2015-08-04 18:35 | editor: | category: News

SolarWorld AG’s groudwide PV module shipment in the first half of 2015 was 440MW, representing a 32% increase compared to 333MW in 1H14, while the foreign quota of module shipment increased 7% y-o-y to 87MW. Strong market growth in the United States and the strong export business drove the shipment raise.

Consolidated revenue in 1H15 grew stronger than shipments, increasing by 40% to € 320 (H1 2014: 228) million, announced SolarWorld AG.

SolarWorld AG managed to improve its operating performance in the first half of 2015 compared with the previous year, too. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose to € 10 (H1 2014, adusted for one-off effects: 1) million and earnings before interest and taxes (EBIT) to € –12 (H1 2014, adjusted for one-off effects: –19) million.

In Q2 2015, SolarWorld was able to continue the positive trend in its operating performance of this year’s Q1. EBITDA improved to € 7 (Q1 2015: 3) million and EBIT to € –4 (Q1 2014 –8) million.

At the end of the quarter, the group had liquid funds in an amount of € 141 (March 31, 2015: 148) million. The reduction can mainly be attributed to interest payments and investments in the expansion of production capacities.

The Management Board of SolarWorld AG confirms its forecast for the year 2015 with an increase of groupwide shipments by at least 25% versus the previous year to more than 1GW as well as an increase of group revenue by at least 25% to more than € 700 million. Furthermore, SolarWorld will turn operating EBIT (2014: € –44 million) back into positive territory in fiscal year 2015. EBITDA (excluding potential one-off effects) in fiscal year 2015 should also exceed previous year’s level (2014: € 2 million) significantly.

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