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 SolarWorlds 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 SolarWorlds 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: email@example.com.