DGAP-News: SolarWorld

DGAP-News: SolarWorld AG will continue growth in 2016 with high-tech strategy and bifacial solar modules

DGAP-News: SolarWorld AG / Key word(s): Miscellaneous/Miscellaneous SolarWorld AG will continue growth in 2016 with high-tech strategy and bifacial solar modules

17.03.2016 / 08:00 The issuer is solely responsible for the content of this announcement.

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SolarWorld AG will continue growth in 2016 with high-tech strategy and bifacial solar modules

Growth in the international solar markets and a clear focus on high efficiency technology made in Germany and in USA were the key factors behind SolarWorld's performance in fiscal year 2015, as the company points out in its Annual Group Report 2015 released today.

In fiscal year 2016, SolarWorld will continue its growth with its high-tech strategy and bifacial solar modules. Dr.-Ing. E. h. Frank Asbeck, CEO of SolarWorld AG: "In 2016, we will continue to offer our customers added value and further strengthen our technology and quality leadership." In this respect, SolarWorld has launched the BISUN solar module, which captures the sunlight with its front as well as with its rear side and thus generates up to 25 percent more electricity using the same space.

In fiscal year 2016, SolarWorld wants to increase its shipments by more than 20 percent, compared with the previous year (2015: 1,159 MW). By mid-March 2016, SolarWorld had generated shipments and orders amounting to more than 800 MW. In line with shipments, group revenue should grow by more than 20 percent, too, compared with the previous year (2015: EUR 763 million), striving to reach up to EUR 1 billion in 2016.

Philipp Koecke, CFO of SolarWorld AG: "In 2016, SolarWorld wants to invest further and to improve its performance in the operating business, compared with 2015." On this basis, earnings before interest, taxes, depreciation and amortization (EBITDA) will increase significantly in 2016 (2015: EUR 41 million). Earnings before interest and taxes (EBIT) should be positive in fiscal year 2016 (2015: EUR -4 million). Typical seasonal effects may, however, lead to different results in individual quarters. Over the course of the whole year, SolarWorld expects its EBIT to be in the lower double digit million range.

The Annual Group Report 2015 of SolarWorld AG: www.solarworld.de/financial-reports

Note for journalists: CEO Dr.-Ing. E. h. Frank Asbeck and CFO Phillip Koecke will present the Annual Group Report 2015 today at 10.30 a.m. CET at the financial statement press conference in Bonn, Germany.

SolarWorld REAL VALUE: SolarWorld manufactures and sells high-tech solar power solutions and in doing so contributes to a cleaner energy supply worldwide. The group, headquartered in Bonn, Germany, employs approximately 3,800 people and carries out production in Freiberg, Germany; Arnstadt, Germany; and Hillsboro, USA. From raw material silicon to solar wafers, cells and modules, SolarWorld manages all stages of production ? including its own research and development. Through an international distribution network with locations in Europe, USA, Singapore, Japan and South Africa, SolarWorld supplies customers all over the world. The company maintains high social standards at all locations across the globe, and has committed itself to resource- and energy-efficient production. SolarWorld was founded in 1998 and has been publicly traded on the stock market since 1999. More information at www.solarworld.com

Contact:

SolarWorld AG Investor Relations Phone: +49 228 55920-470; Email: placement@solarworld.com; Web: www.solarworld.de/en/investor-relations

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17.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English Company: SolarWorld AG Martin-Luther-King-Straße 24 53175 Bonn Germany Phone: +49 (0)228 - 559 20 470 Fax: +49 (0)228 - 559 20 9470 E-mail: placement@solarworld.com Internet: www.solarworld.de ISIN: DE000A1YCMM2, DE000A1YDDX6, DE000A1YCN14 WKN: A1YCMM, A1YDDX, A1YCN1 Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Munich, Stuttgart; Terminbörse EUREX End of News DGAP News Service ---------------------------------------------------------------------------

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