SolarWorld sees H1 solar shipment surge

Share

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.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.