SolarWorld AG i.I.
SolarWorld AG: Preliminary business figures for first quarter 2017
SolarWorld AG / Key word(s): Preliminary Results/Quarter Results SolarWorld AG: Preliminary business figures for first quarter 2017 In the first quarter 2017, SolarWorld AG sold 382 MW in a difficult market environment and thus increased its groupwide shipments both versus previous year’s quarter (Q1 2016: 340 MW) and versus previous quarter (Q4 2016: 348 MW). Due to the global price erosion since mid-2016, consolidated revenue decreased versus previous years’ quarter to EUR 186 (Q1 2016: 213) million. Compared with the previous quarter, however, SolarWorld was able to increase its consolidated revenue (Q4 2016: EUR 164 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR -18 (Q1 2016: 2) million. In the previous quarter, EBITDA was EUR -41 million. Earnings before interest and taxes (EBIT) totaled EUR -28 (Q1 2016: -10) million, versus EUR -51 million in the fourth quarter 2016. Both operating performance indicators in first quarter 2017 are so in line with plan for the year 2017. As at March 31, 2017, SolarWorld had liquid funds of EUR 84 (December 31, 2016: 88) million. SolarWorld AG started measures to focus on monocrystalline high-efficiency technology in the first quarter 2017. Measures are on track and will be mostly completed this year. Contact:
28-Apr-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | SolarWorld AG |
Martin-Luther-King-Straße 24 | |
53175 Bonn | |
Germany | |
Phone: | +49 (0)228 – 559 20 470 |
Fax: | +49 (0)228 – 559 20 9470 |
E-mail: | placement@solarworld.com |
Internet: | www.solarworld.de |
ISIN: | DE000A1YCMM2, DE000A1YDDX6, DE000A1YCN14 |
WKN: | A1YCMM, A1YDDX, A1YCN1 |
Listed: | Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of Announcement | DGAP News Service |