Solar manufacturers, Sunways AG and SOLON AG, reported rapidly rising sales in their latest financial reports.
Solar module manufacturer, SOLON saw revenues rise by 81% to EUR 218.0 million in the first nine months. Earnings per share were EUR 1.04, reflecting a 58% increase compared to 2005.
In the first nine months, the total output of standard modules and SOLON Movers was 60 megawatts (38 MW in previous year). The company expect to reach 84 MW by the end of 2006.
The company says administrative delays in Spain and Italy have postponed some projects. If they are completed by year-end, Group revenue for 2006 will increase by 50-75% from 2005, with a corresponding improvement in net income.
For 2007, the company anticipates 25% growth in production and sales.
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Sunways recored a 90% rise in sales for the first nine months of 2006, to Euro 113 million compared to Euro 60.1 million in 2005. Sales in the solar cell division increased 167% to Euro 51.6 million, and the solar systems and projects business segments generated 52% sales growth to Euro 62.3 million.
Management expects double digit sales growth for 2006 to about Euro 150 million.
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