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SolarWorld AG (SWVKk.DE)

SWVKk.DE on Xetra

3.00EUR
1 Dec 2016
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€0.02 (+0.64%)
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Latest Key Developments (Source: Significant Developments)

Solarworld posts lower Q3 sales, Ebitda in "negative" environment
Friday, 28 Oct 2016 11:59am EDT 

Solarworld AG : Consolidated revenue was eur 204 million in Q3 2016 and thus almost on level with previous year's quarter (Q3 2015: eur 212 million) . Earnings before interest, taxes, depreciation and amortization (Ebitda) decreased to eur -12 (Q3 2015: 5) million in Q3 2016 . Earnings before interest and taxes (Ebit) went down to eur -25 (Q1-Q3 2015: -6) million in Q3 2016 . Negative market environment led to a build-up of inventories so that liquid funds decreased to eur 84 million as at cut-off date Sept. 30, 2016 (June 30, 2015: eur 148 million) .Group has taken measures to adapt its production volume more flexibly to demand, lower costs further and thus to improve liquidity in Q4.  Full Article

Solarworld Q2 revenue up 30 pct at 222 million euros
Monday, 15 Aug 2016 02:46am EDT 

Solarworld AG : Q2 EBITDA increased to 16.4 million euros (Q2 2015: 7.0 million euros) . Q2 consolidated revenue rose by 30 percent to 222 million euros (Q2 2015: 171 million euros) . Increased its shipments in Q2 2016 by 39 percent to 342 megawatts (Q2 2015: 246 megawatts) . Q2 EBIT at 4.5 million euros (Q2 2015: -4.2 million euros) . In full year 2016, group will raise its shipments by more than 20 percent, compared with previous year (2015: 1,159 megawatts) . Is striving to reach up to 1 billion euros of revenue in 2016. EBIT will presumably come out in a range between -10 million and +10 million euros .Sees FY 2016 consolidated revenue to also grow by more than 20 percent (2015: 763 million euros).  Full Article

Solarworld Q2 2016 revenue up at 222 million euros
Friday, 29 Jul 2016 02:47am EDT 

Solarworld AG : EBIT improved to 6.6 million euros ($7.31 million) (Q2 2015: -4.2 million euros) in Q2 2016. In H1 2016, Solarworld AG managed to improve EBIT to -3.1 million euros (H1 2015: -12.2 million euros) . In Q2 2016, consolidated revenue rose to 222 million euros(Q2 2015: 171 million euros) . At cut-off date June 30, 2016, group had liquid funds of 148 million euros (March 31, 2016: 183 million euros) . Still expects to be able to raise its shipments by more than 20 percent in 2016, compared with previous year (2015: 1,159 megawatts) . Consolidated revenue should also increase by more than 20 percent, compared with previous year (2015: 763 million euros). Solarworld is striving to reach up to 1 billion euros of revenue in 2016 .Will reach EBIT in a range between -10 million and +10 million euros for full year 2016.  Full Article

SolarWorld: single judge grants claim for damages in the first instance
Wednesday, 27 Jul 2016 02:58am EDT 

SolarWorld AG : Single judge grants claim for damages in the first instance. SolarWorld Industries Sachsen GmbH will appeal against judgment and sees no enforcement possibility in Germany . SolarWorld Industries Sachsen GmbH will appeal against this judgment of first instance at intermediate court of appeals in United States . Inspite of this judgment in first instance, SolarWorld AG continues to assume that Hemlock will not be able to enforce any claims in Germany .Expects a duration of proceedings in second instance of about one year.  Full Article

SolarWorld: motion for summary judgment granted in the first instance
Thursday, 14 Jul 2016 05:44am EDT 

SolarWorld AG :Motion for summary judgment granted in the first instance, in the litigation between silicon supplier Hemlock Semiconductor Corp. and SolarWorld Industries Sachsen GmbH, a subsidiary of SolarWorld AG,.  Full Article

E.ON CEO confirms company will not exclude capital measures
Wednesday, 8 Jun 2016 09:12am EDT 

E.On : CEO confirms that the company will not exclude capital measures . Says not interested in buying solarworld . CEO says ipo of turkish participation enerjisa is still an option, there is no timeline . CEO says does not expect to restart block 3 of russian berezovskaya before end 2017 Further company coverage: [EONGn.DE] (Frankfurt Newsroom) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Solarworld CEO sees good prospects for further growth, profitable development
Tuesday, 7 Jun 2016 10:39am EDT 

Solarworld AG : Says shareholders approve of actions of management board and supervisory board with large majorities .CEO says good prospects for further growth, profitable development of company.  Full Article

Solarworld Q1 group revenue up more than 40 pct
Thursday, 12 May 2016 02:28am EDT 

Solarworld AG : In first three months of 2016, group increased its revenue by more than 40 percent . Over course of 2016, Solarworld wants to further benefit from strong demand and continues to invest in technological upgrades and expansion of its production capacities .On track to reach goals for fiscal year 2016.  Full Article

Solarworld comments on FY 2016 outlook
Monday, 2 May 2016 02:29am EDT 

Solarworld AG:Is striving to reach up to 1 billion euros of revenue in FY 2016.For whole FY 2016, expects to reach a positive EBIT in lower double-digit million range.Sees FY 2016 consolidated revenue to rise in line with shipments by more than 20 percent (2015: 763 million euros).FY 2016 revenue estimate 932.50 million euros - Thomson Reuters I/B/E/S.  Full Article

Solarworld comments on FY 2016 outlook
Thursday, 17 Mar 2016 03:00am EDT 

Solarworld AG:Earnings before interest, taxes, depreciation and amortization (EBITDA) will increase significantly in FY 2016​ (2015: 41 million euros).‍Earnings before interest and taxes (EBIT) should be positive in FY 2016​ ‍(2015: -4 million euros).Expects its EBIT to be in lower double digit million range in FY 2016​.FY 2016 EBITDA estimate 79.38 million euros - Thomson Reuters I/B/E/S.  Full Article

German stocks - Factors to watch on October 31

FRANKFURT, Oct 31 The following are some of the factors that may move German stocks on Monday: