SolarWorld Reports 2006 Financial Results

Published on: February 14, 2007

SolarWorld AG revenues rose 45% in 2006 to 515 million EUR (previous year: 356 million EUR), beating its forecast.


Earnings without considering the Shell solar acquisition, and before interest and taxes (EBIT) were 118 million EUR. After-tax annual results adjusted for these effects were 73 million EUR (previous year: 52 million EUR) – 40% higher.


Including these one-time effects the EBIT doubled to 180 million EUR (previous year: 89 million EUR) and consolidated profits after tax increased to 130 million EUR. The group has thus been able to more than double its earnings in the third year in succession.


The company says that the 2007 fiscal year has also got off to a good start. In January 2007, Group sales already increased by 36% over the same period last year due to exports.

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