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ots Ad hoc-Service: SolarWorld AG
The sender is solely responsible for the contents of this announcement. ---------------------------------------------------- Bonn (ots Ad hoc-Service) - Ad-hoc Service SolarWorld AG (WKN 510840) Voluntary report analogous to Section 15 of the German Securities Trading Act (WpHG) in accordance with the investor guidelines of the Düsseldorf stock exchange
SolarWorld AG: Earnings within the first 6 months 2000 already exceed earnings achieved for the entire 1999 financial year/ six months earnings raise at 324 percent/ earnings estimation for the entire financial year increased/ high equity ratio secures further expansion
Die SolarWorld AG, Bonn, already exceed the earnings of the previous year within the first 6 months of the actual financial year. These figures were proved within the interim report 2000 of the company. The annual surplus of the company, amounting to more than 300.000 DM, raises at 324 percent of the corresponding previous year period figure, despite the expenses related with the third capital increase during the 2nd quarter 2000, which amounts to around 1,1 Mio DM. Without these extraordinary advertising costs related to the public offering, the operating profit would amount to 1,4 Mio DM.
Revenues increased at 13,427 Mio DM, which means an increase in revenues within the period January till June at 318 percent. This result in revenues after six months during 2000 still exceed the total revenue of the entire previous financial year by nearly 30 percent.
The Chairman of the Board, Frank H. Asbeck, increases the profit expectations of the SolarWorld AG for the entire financial year, also because of the booming solar market. With expected annual sales amounting to 30 Mio. DM for 2000, the earnings estimation within the strategic business unit of photovoltaics, will be higher than forecasted. Up to now, the Chairman of the Board has indicated annual earnings of around 2,4 Mio. DM.
The SolarWorld AG presents a very good position for further business action regarding its balance sheet. The equity capital of the company amounts to more than 60 Mio. DM dated 30 June 2000. The equity ratio was nearly 100 percent. The remarkably healthy level of capital resources ensures that the Solarworld AG can make further acquisitions of solar energy interests across all levels of production, in order to expand the company into a solar energy holding company that is active on a global scale.
SolarWorld AG's core business activities in the field of photovoltaics involve solar power plant construction and the commercial supply of cells, modules and other components used in solar power technology. The 70% subsidiary, Gällivare PhotoVoltaic (GPV), based in Sweden on the northern Polar Circle, produces low-cost high-output solar modules.
The interim report can be downloaded under the homepage www.solarworld.de and will be send by the company if asked for.
Contact: SolarWorld AG Aktionärsbetreuung / Marketing Communications,
Ms Sybille Teyke, Tel: +49 228 559200; Fax: +49 228 55920- 99,
Contact person for the business press: Mr Oliver Ristau, Tel.: +49 177 6782705
End of Message
071501 Aug 00
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