Key Developments: SolarWorld AG (SWVKk.DE)

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Latest Key Developments (Source: Significant Developments)

Solarworld AG confirms FY 2015 outlook
Monday, 2 Feb 2015 01:56am EST 

Solarworld AG:Confirms it sees EBIT (previous year: -43 million euros) back into positive territory in FY 2015.  Full Article

Solarworld AG enters strategic partnership with Enphase Energy
Wednesday, 19 Nov 2014 03:30am EST 

Solarworld AG:Says SolarWorld AG and Enphase Energy enter strategic partnership.Says companies will share market channels and develop products together.Says has formalized Enphase as its supplier of microinverter systems for custom-engineered system solutions in U.S. Market.  Full Article

Solarworld AG comments on FY 2014 outlook and confirms FY 2015 operating result outlook
Thursday, 14 Aug 2014 03:00am EDT 

Solarworld AG:Says for FY 2015, confirms its forecast that it will be able to achieve positive operating result.Says for FY 2014 expects positive EBITDA adjusted for one-offs and recognized impairment losses.Says will probably not reach revenue target of more than 680 million euros for FY 2014 in light of shift in product mix and price reductions in the solar market.FY 2014 revenue estimate 684.68 million euros - Thomson Reuters I/B/E/S.  Full Article

Solarworld AG lowers FY 2014 revenue outlook and confirms FY 2015 EBIT outlook
Monday, 28 Jul 2014 08:55am EDT 

Solarworld AG:Says that it is likely that target to raise consolidated revenue in FY 2014 to more than 680 million euros will not be fully reached.Confirms forecast for FY 2015 to be able to reach a positive operating result again.FY 2014 revenue estimate 693.43 million euros - Thomson Reuters I/B/E/S.FY 2015 EBIT estimate 20.37 million euros - Thomson Reuters I/B/E/S.  Full Article

Solarworld AG reaches agreement with another supplier of raw materials
Friday, 11 Jul 2014 08:42am EDT 

Solarworld AG:Says reaches agreement with another important supplier of raw materials.Says positive agreement reached to result in revaluation of prepayments and/or repayment claims against the raw material supplier in the balance sheet of SolarWorld AG.Says consequently, this will burden the consolidated result of SolarWorld AG in fiscal year 2014 by presumably a non cash, one-off effect in a low double-digit million Euro amount.  Full Article

Solarworld AG takes over Bosch solar manufacturing
Wednesday, 12 Mar 2014 08:16am EDT 

Solarworld AG:Will take over cell and module production from Bosch Solar Energy in the Thuringian town of Arnstadt, Germany.Will increase its production capacity to over one gigawatt throughout entire value chain.Intends to make a foray into production of modules in 300 W plus power category.This category translates into 20 pct increase in power generation over same surface and will lead to cost savings.  Full Article

Solarworld AG issues outlook for FY 2014, FY 2015 and FY 2016
Wednesday, 5 Mar 2014 02:29pm EST 

Solarworld AG:Reckons on growth in consolidated revenue to more than 680 million euros in FY 2014.FY 2014 revenue estimate 645.92 million euros - Thomson Reuters I/B/E/S.Expects positive result before interest, tax and depreciation (EBITDA) in FY 2014 of more than 10 million euros.This does not take into account special effects from completed financial restructuring as well as positive special effects from initial consolidation of assets that are to be taken over from Bosch Solar Energy AG.Operating result (EBIT) in FY 2014 before consideration of these special effects is likely to range between -35 and -20 million euros.Expects to return to positive operating result (EBIT) in FY 2015.Expects to reach revenues above one billion euro in FY 2016.FY 2016 revenue estimate 708.00 million euros - Thomson Reuters I/B/E/S.FY 2015 EBIT estimate 20.00 million euros - Thomson Reuters I/B/E/S.  Full Article

Solarworld AG announces reduction of financial liabilities by 570 million reduction and swap capital increase
Monday, 24 Feb 2014 05:50am EST 

Solarworld AG:As part of financial restructuring, the implementation of the swap capital increase against contributions in kind for SolarWorld was entered in the Commercial Register on Feb. 24.Thereby, financial liabilities of SolarWorld were reduced from about one billion euros by 570 million euros to 427 million euros.Financial restructuring, started in Jan. 2013, is closed.Through the swap capital increase against contributions in kind, the capital stock of 744,800.00 euros was increased by 14,151,200.00 euros to 14,896,000.00 euros.Thus, 14,151,200 no-par value bearer shares with an imputed nominal value of 1.00 euro per share were issued.The new no-par value bearer shares are entitled to profit participation as of Jan. 1 and have the International Securities Identification Number (ISIN: DE000A1YDED6).  Full Article

Solarworld AG releases financial guidance for 2014 higher than analysts' estimates
Wednesday, 19 Feb 2014 08:02am EST 

Solarworld AG:Expects for 2014 revenues of over 680 million euros and an increase to more than 1 billion euros in revenues in 2016, FY 2014 revenues 646.12 million euros - Thomson Reuters I/B/E/S.Expects 2014 EBITDA of more than 10 million euros and operating result (EBIT) between -35 million euros and -20 million euros, FY 2014 EBITDA 49.40 million euros, FY 2014 EBIT -18.10 million euros - Thomson Reuters I/B/E/S.For 2015 the SolarWorld Group is expecting a positive operating result as well as further increases in revenues of over 20 percent.  Full Article

Solarworld AG announces court approval on resolutions
Monday, 13 Jan 2014 07:26am EST 

Solarworld AG:Says that the Higher Regional Court Cologne has granted resolutions of approval to Solarworld AG with regard to the summary judgments filed in Oct. 2013.Says that the Higher Regional Court has decided that the complaints lodged against the resolutions of the noteholders' meeting of Aug. 6, 2013 and against the resolutions passed by the shareholders' meeting of Aug. 7, 2013.Says concerning agenda items 2 and 3 do not hinder the implementation of the resolution nor its commercial registration, and that any flaws of the resolution do not impinge upon the effectiveness of the registration. Thus, the resolutions can be implemented.Says that the resolutions can be implemented.  Full Article


Germany's 'Sun King' seeks to rebuild empire from the U.S

FRANKFURT/LOS ANGELES - German solar energy pioneer Frank Asbeck is betting that the United States can rehabilitate him and his company SolarWorld , which he rescued from the jaws of insolvency two years ago, making himself an industry outcast in the process.

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