Q-Cells AG has presented its interim report for the first half of 2007. The world’s second largest manufacturer of solar cells is continuing its expansionary course and increased production to 159.8 Megawatt peak (MWp) in the first six months of 2007 (previous year: 112.6 MWp), which equates to growth of approx. 42% on the first half of 2006.
Thanks to improvements in the production process and increases in efficiency ratings, the quantity produced was raised from 78.0 MWp in the first quarter to 81.8 MWp in the second quarter despite production capacity remaining comparable.
In the first six months, sales revenues increased by 44% to EUR 350.4 million (EUR 243.1 million). In the second quarter, sales revenues stood at EUR 186.9 million, which is a rise of 46% on the same period in the previous year.
Despite an increase in the cost of materials and lower sales prices at the beginning of the year, operating income (EBIT) increased by 45% to EUR 80.9 million (EUR 55.9 million) thanks to technological improvements and further cost savings. EBIT for the second quarter of 2007 reached EUR 44.7 million and was thus 52% up on the same period in the previous year.
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