SolarWorld sees H1 solar shipment surge

At 440 MW, SolarWorld saw its H1 2015 solar module and kit shipments increase 32%, up from 333 MW in H1 2014. This comprises 202 MW in Q1 and 238 MW in Q2. The U.S. continues to be the main market for the manufacturer, with shipments there doubling. Without going into specifics, it said foreign shipments were also positive, at 87% (80% in H1 2014).

Continuing the good news, H1 revenues hit €320 million, up 40% from the €228 million reaped the previous year. EBITDA, meanwhile increased from €1 million to €10 million (Q2 €7 million compared to €3 million in Q1), and EBIT from €-19 million to €-12 million (Q2 €-4 million compared to €-8 million in Q1).

For the full year, SolarWorld has confirmed it expects to see solar shipments come in above the 1 GW mark, with revenues reaching €700 million. A return to profitability is forecast, with a positive EBIT, up from the €-44 million recorded last year. EBITA, meanwhile, is calculated to "significantly" exceed 2014’s €2 million, excluding potential one-off effects.

Liquid funds totaled €141 million at the end of Q2, down from the 148 million in Q1. "The reduction can mainly be attributed to interest payments and investments in the expansion of production capacities," said SolarWorld in a statement released.

It previously announced that solar module capacity at its U.S. site in Hillsboro, Oregon, will reach 530 MW in 2H 2015, and that it will step up production of monocrystalline solar wafers over the course of the year in Arnstadt and Freiberg in Germany.

At 21.7% efficiency, the company also recently broke its own record for mass-produced PERC technology. At the time, it said high-efficiency manufacturing capacity will be expanded and, according to a report carried by the Nasdaq Globenewswire website, SolarWorld will begin offering a module with a 300 W-plus capacity in the coming months.