May 28, 2013 - In the first three months of the year, SolarWorld AG sold fewer solar power modules and kits than in the same quarter last year. Groupwide shipments reached 109MW in the first quarter of 2013 (Q1 2012: 147MW). The company recorded a downturn above all in the domestic market of Germany. Main reasons were the unusually severe and long winter weather as well as the continuing restructuring process of SolarWorld.
Declining shipments and persistent price pressure have also led to a reduction in the consolidated revenue compared to the first quarter last year. Including the solar wafer business, SolarWorld AG achieved a total revenue of € 112.2 (Q1 2012: € 170.5) million. Consolidated earnings before interest and taxes (EBIT) fell to € -36.2 (Q1 2012: € 26.6) million. Consolidated earnings for the first quarter declined to € -40.0 (Q1 2012: € -0.3) million.
