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SolarWorld Announces Best Quarter, Raises Outlook

From January to September 2005, SolarWorld AG (ISIN: DE0005108401) posted consolidated earnings after tax of EUR 33.6 (last year: 10.3) million, more than tripling last year’s profits. At EUR 247.1 million, the sales volume rose by more than EUR 100 million year-on-year (last year: 144.2). As at 30 September 2005, the sales return stood at 13.6 per cent (last year: 7.2 per cent). Earnings before income taxes totalled EUR 53.2 (last year: 16.0) million. In the first nine months, earnings before interest and taxes (EBIT) grew by more than 193 per cent to EUR 57.4 (last year: 19.5) million. The EBIT margin climbed to more than 23 per cent (last year: 13.6 per cent). Earnings before interest, taxes, depreciation and amortization (EBITDA) totalled EUR 71.2 (last year: 31.7) million. The EBITDA margin rose to 28.8 per cent (last year: 22.0 per cent). Best quarter in the history of the company (record sales and earnings) Philipp Koecke, CFO, comments on Q3 2005: ‘In the third quarter of 2005, net earnings grew by 185 per cent year-on-year, rising from 5.3 to 15.1 million euros – this was thus the best quarter ever in our company’s history. Our sales volume exceeded the magical […]

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SolarWorld Announces Best Quarter, Raises Outlook

From January to September 2005, SolarWorld AG (ISIN: DE0005108401) posted consolidated earnings after tax of EUR 33.6 (last year: 10.3) million, more than tripling last year’s profits. At EUR 247.1 million, the sales volume rose by more than EUR 100 million year-on-year (last year: 144.2). As at 30 September 2005, the sales return stood at 13.6 per cent (last year: 7.2 per cent). Earnings before income taxes totalled EUR 53.2 (last year: 16.0) million. In the first nine months, earnings before interest and taxes (EBIT) grew by more than 193 per cent to EUR 57.4 (last year: 19.5) million. The EBIT margin climbed to more than 23 per cent (last year: 13.6 per cent). Earnings before interest, taxes, depreciation and amortization (EBITDA) totalled EUR 71.2 (last year: 31.7) million. The EBITDA margin rose to 28.8 per cent (last year: 22.0 per cent). Best quarter in the history of the company (record sales and earnings) Philipp Koecke, CFO, comments on Q3 2005: ‘In the third quarter of 2005, net earnings grew by 185 per cent year-on-year, rising from 5.3 to 15.1 million euros – this was thus the best quarter ever in our company’s history. Our sales volume exceeded the magical […]

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UQM Technologies Announces Order for 10,000 Vehicle Auxiliary Motors

UQM TECHNOLOGIES, INC. (Amex: UQM), a developer of alternative energy technologies, announced today that it has received a production order for 10,000 vehicle auxiliary motors with initial deliveries beginning in February, 2006. Following delivery of the initial production units, subsequent orders are expected to increase production volumes to an annual revenue value of several million dollars per year. The product will be manufactured by the Company’s wholly-owned subsidiary, UQM Power Products, Inc. “Our production engineering group has done an exceptional job of designing a low cost motor product for this demanding application. In addition to our expectation that production of this product will rise as we become this customer’s primary supplier, we also believe that production can expand to include additional motors currently purchased by the customer for a variety of other product applications. We expect this order, together with other potential production orders being pursued in both existing and emerging markets, to drive an expansion of our revenue beginning in the fourth quarter of this fiscal year,” said William G. Rankin, President and Chief Executive Officer of UQM Technologies, Inc. Website: [sorry this link is no longer available]     

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