SolarWorld AG (SWV.DE) confirmed previously announced interim figures for 3Q09 showing a 15% increase in shipments year-over-year and 22% year-to-date (YTD).
3Q shipments totaled 125 megawatts (MW), up from 109MW a year ago.
Sales revenues in 3Q amounted to EUR 232.5 million compared to EUR 238.3 million, reflecting a drop in prices throughout the solar industry. Nonetheless, the figure is a 3% increase over 2Q sales revenue, the company said.
In the first nine months group-wide revenues added up to EUR 634.1 million, compared to EUR 665.4 million a year ago.
"We succeeded in largely counteracting the price pressure in the international solar market by way of cost savings and a substantial increase in group-wide shipments," Chairman and CEO Frank H. Asbeck said.
Currently, all production sites are working at their capacity limits, SolarWorld said.
The company has ambitious plans to expand capacity for module production, including 500MW in the US, 450MW in Germany and 300MW in South Korea.
In October, SolarWorld announced plans to expand production capacity at its Hillsboro, Oregon site 350MW by 2011.
SolarWorld AG is celebrating its tenth anniversary on the stock exchange this month. The IPO took place on 8 November 1999. In 2004 SolarWorld rose into the TecDAX by way of the so-called Fast Entry Rule. Today the company is also traded among others in the ÖkoDAX, in the Dow Jones STOXX 600, in the international MSCI Index as well as in the sustainability indices DAXglobal Alternative Energy and NAI.
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