sunways AG
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Sunways Receives new Orders for the Delivery of Solar Cells
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Sunways Receives new Orders for the Delivery of Solar Cells
– Third quarter sales rose again
– Result burdened by non-recurrent effects
Constance, 14 November 2001 – Gross performance of Sunways AG, Constance
(securities identification number 733 220), rose to Euro 7.0 million in the
third quarter of the fiscal year 2001 (3rd quarter 2000: Euro 1.2 million). The
quarterly result was burdened by declining demand of two major customers.
Sales of solar cells in the third quarter were below projections. With a
customer who had initially cancelled in August an agreement was entered into on
the delivery of approx. 40% of the outstanding 2001 volume in the fourth
quarter.
The development in the solar system division is again very positive. At the end
of September 90% of the sales projected for the whole fiscal year were already
generated.
All in all Sunways anticipates a gross performance of Euro 21.7 million for
2001. The initially projected figure was Euro 22.9 million. The Company expects
to record a net loss of Euro 2.1 million against a projected net income of Euro
0.1 million.
In millions of Euro 3rd Quarter 2001 3rd Quarter 2000
Total sales 6.0 0.7
Changes in inventories 1.0 0.5
Gross performance 7.0 1.2
EBT -1.3 -0.7
Number of employees 97 51
In view of the current situation Sunways has revised its former planning and now
expects to reach the break-even in the fiscal year 2002.
In millions of Euro 2001e 2002e 2003e 2004e
Sales/performance 18.5/21.7 33.8/3 67.5 112.8
EBIT -3.5 0.1 3.0 11.6
The complete quarterly report is available via Internet (www.sunways.de).
end of ad-hoc-announcement (c)DGAP 14.11.2001
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WKN: 733 220; Index:
Listed: Neuer Markt in Frankfurt;
Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und
Stuttgart
140315 Nov 01
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