SolarWorld AG

ots Ad hoc-Service: SolarWorld AG SolarWorld Group Sales Reach DM 105 Million in 2000

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    Bonn (ots Ad hoc-Service) -    

    Voluntary communication in line with @ 15 WpHG (Securities Trading Act) and pursuant to @ 2, Sect. 2 of the Investors Guidelines of the Düsseldorf Stock Exchange)

    SolarWorld Group Sales Reach DM 105 Million in 2000 / SolarWorld AG Boosts Annual Sales 2000 by 200 Per Cent from DM 10.5 Million to DM 32 Million / Dividend Announced / New Director of Sales Dr. Hartwig Westphalen

    Bonn: In Fiscal Year 2000 SolarWorld AG boosted its sales by more than 200 per cent over the previous year (DM 10.5 million) to DM 32 million. This development of sales was also reflected in the result for the year. Pre-tax profits clearly exceeded the amount forecast for Fiscal Year 2000. The SolarWorld subsidiary Deutsche Solar GmbH (formerly Bayer Solar) also reported positive sales and profit developments. All in all, SolarWorld AG and Deutsche Solar taken together generated DM 105 million worth of sales in the fiscal year just ended.

    Subject to the approval of the responsible bodies SolarWorld AG will pay a dividend to its shareholders for the first time in Fiscal Year 2000.

    The expansion of the Bonn solar technology company is also reflected in a substantial increase in the number of employees. The headcount went up from 60 (at the end of 1999) to more than 200 (at the end of 2000).

    With effect from the beginning of the new year SolarWorld has been able to secure the services of Dr. Hartwig Westphalen, a proven expert of the national and international solar market, as its new sales manager. For many years Dr. Westphalen was the marketing manager of Sharp Microelectronics Europe who was in charge of Sharp's solar business in Europe.

    Your contact: SolarWorld AG, Investor Relations / Marketing Communications Frau Sybille Teyke, Tel.-No.: +49 (0) 228 - 559200; Fax No.: +49 (0) 228 - 55920-99 E-mail:; Internet:

    For the business press: Herr Dipl.-Pol. Oliver Ristau, Tel.-No.: +49 (0) 177 - 678 2705

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