SolarWorld AG / Key (NYSE: KEY - Nachrichten) word(s): Miscellaneous
23.02.2012 18:29
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG (Xetra: 549416 - Nachrichten) . The issuer is solely responsible for the content of this announcement.
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Based on current estimates, SolarWorld AG recorded 794 MW in shipments for wafers and solar modules in the 2011 fiscal year (2010: 819 MW). The company achieved the greatest shipments growth in its solar module business outside of Germany. The ratio of international sales to total group sales grew to 68 percent in 2011 (2010: 59 percent).
In the 2011 fiscal year, SolarWorld AG once again managed to exceed one billion in revenue and generated an estimated 1,066 (2010: 1,322) million EUR. The decline in revenue can be attributed to global excess capacities and the resulting dumping of module prices.
The preliminary EBITDA (earnings before interest, taxes, depreciations and amortizations) stands at 218 (2010: 281) million EUR. Pursuant to IAS 36, SolarWorld AG made significant impairment charges to its fixed assets for preliminary 313 million EUR. These impairment charges mostly involved technologically out-dated production equipment. The resulting EBIT for the previous fiscal year is therefore -233 (2010: 193) million EUR. In addition to impairments to the fixed assets, the EBIT was also influenced by other extraordinary effects such as the termination of wafer agreements and impairments to current assets. Due to these extraordinary effects, the adjusted EBIT stands at about 24 (2010: 193) million EUR.
The Management Board proposes dividends of 9 cents EUR per share in 2012 (2011: 19 cents EUR).
Contact: SolarWorld AG Investor Relations / Group Communication Tel: 0228/55920-470; Fax: 0228/55920-9470 E-Mail: placement@solarworld.de; Internet: www.solarworld.de
23.02.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media (Frankfurt: 725292 - Nachrichten) archive at www.dgap-medientreff.de and www.dgap.de
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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.de Internet: www.solarworld.de ISIN: DE0005108401 WKN: 510840 Indices: TecDAX (EUREX: FTDX.EX - Nachrichten) Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, München, Stuttgart; Terminbörse EUREX End of Announcement DGAP News-Service
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