DGAP-Adhoc: SolarWorld AG: Preliminary business figures for the third quarter of 2016
SolarWorld AG increased its Group-wide sales volume in the third quarter of 2016 A difficult market environment by 5 percent compared to the previous year 345 (Q3 2015: 328) MW. In the first three quarters of 2016, SolarWorld increased its revenues
Sales by 31 percent to 1,027 (Q1-Q3 2015: 784) MW.
At EUR 204 million in the third quarter of 2016, group sales were almost flat Year quarter level (Q3 2015: EUR 212 million). From January to September 2016 The Group increased its sales by 20 percent to 639 (Q1-Q3 2015: 532) million EUR.
The global price erosion in the third quarter of 2016, caused by increasing dumping Chinese manufacturer, caused a depreciation in inventories Amount of EUR 13 million. The result fell as a result of this devaluation Before interest, taxes, depreciation and amortization (EBITDA) in the third quarter of 2016 to -12 (Q3 2015: 5) million. In the first three quarters of 2016, EBITDA was 7 (Q1-Q3 2015: 15) million. Earnings before interest and taxes (EBIT) fell In the third quarter of 2016 in line with EBITDA to -25 (Q3 2015: -6) million. In the For the first three quarters of 2016, EBIT amounted to -30 (Q1-Q3 2015: -18) million EUR.
The negative market environment led to a stock build-up, so the liquid funds As of the reporting date of 30 September 2016 to EUR 84 (30 June 2016: 148) Respectively. The Group has taken measures, its production volumes To adapt more flexibly to demand, to further reduce costs and thus to reduce costs To improve liquidity in the fourth quarter.