SolarWorld sales grow 61% Q1-Q3

Share

With trade disputes a major feature in its two most important markets, SolarWorld has continued its march towards profitability. The U.S. market has been particularly successful for the company Q1-Q3. While it did register a pre-tax profit in the period, SolarWorld anticipates ending 2015 with a small loss.

The U.S. market is a particular highlight of SolarWorld’s 2015 performance, with Q1-Q3 sales in the market jumping 61% on 2014 results (Y/Y). By contrast, sales in Germany remain 30% down Y/Y.

Globally SolarWorld’s sales have grown Y/Y by 25%, to 602 MW for the first nine months of this year, bringing in revenues of €532 million ($583 million), an improvement on the €409 million ($448 million) it registered in the same period last year.

The manufacturing giant, with production in Germany and the U.S., has returned a Q1-Q3 pre-tax profit of €15 million, an improvement on a €29 million loss ($32 million) the previous year.

While the result is a good one for the company, SolarWorld will not return to profit over the full year. Blaming “delays in the implementation of operating measures”, the company will post a small loss, a marked improvement on the €44 million loss it registered in 2014.

Earlier this year SolarWorld said that it anticipates sales of €700 million ($767 million) in 2015, from sales of 1 GW of solar modules and kits.

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.

Popular content

Switzerland authorizes removable PV plant on railway track

04 October 2024 Swiss startup Sun-ways is planning to build a 18 kW pilot PV system between the racks of a 100-m linear section of a railway line in the Swiss canton...

Share

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Your email address will not be published.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.