sunways AG
Sunways AG english
Sunways on target in the second quarter 2002
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Sunways on target in the second quarter 2002
First positive EBITDA – technology leadership further expanded – supervisory
board approves of 100% takeover of MHH
Constance,14 August 2002 – Sunways AG (ISIN DE0007332207) increased its sales in
the second quarter 2002 by 25 percent against the comparable prior year period
to EUR 6.0 million (prior year: EUR 4.8 million). For the first time the solar
cell manufacturer achieved moderately positive EBITDA. EBIT improved to EUR –
0.2 million (prior year EUR -0.6 million) and was well in line with the budget.
While sales in solar cell production tripled to EUjR 2.4 million, revenues in
the solar systems division declined by 14 percent to EUR 3.6 million. Experience
shows that sales in both business divisions rise markedly in the second half-
year. Thus the Company’s management board still anticipates to generate sales of
approx. EUR 33.8 million in the financial year 2002 Mio as well as to achieve a
positive net result. In addition to the expected rise in demand in Germany,
this development will also be supported by the growing international business in
the solar cell division.
As of 30 June 2002 Sunways employed a staff of 94 (89).
Sunways has further expanded its technical leadership in the production of high-
quality solar cells. The opaque Sunways PLUS Cell has achieved top efficiency
rates of 15.7%
Meanwhile the supervisory board has initiated the 100% takeover of MHH
Solartechnik GmbH, Tübingen. The acquisition will be completed in the third
quarter in exchange for the issuance of Sunways shares.
The complete quarterly report will be available on the Internet from Wednesday,
14 August 2002, 10:00 a.m. (http://www.sunways.de).
Contact: Sunways AG, Investor Relations, Macairestr. 3-5, D-78467 Konstanz,
Telephone: +49 7531 9967739, Telefax: +49 7531 99677548, e-Mail: ir@sunways.de
end of ad-hoc-announcement (c)DGAP 14.08.2002
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WKN: 733 220; ISIN: DE0007332207; Index:
Listed: Neuer Markt in Frankfurt;
Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und
Stuttgart
140800 Aug 02
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