The instigator of the solar trade cases in both the U.S. and Europe has seen its financial position significantly boosted in 2015. In its preliminary earnings results, Germany-based SolarWorld AG has calculated revenue and shipment increases of 33%, respectively, on 2014, to 763 million (2014: 573 million) and 1.159 GW (2014: 873 MW).
Accounting for a 50% share, the U.S. represents SolarWorlds biggest market. It recorded positive activity in Germany, however, which saw shipments increase there by 60%.
On the back of expected continuing strong demand for its products, particularly for its PERC and bifacial technology, SolarWorld forecasts 2016 growth of over 20%, to reach revenues of over 1 billion and shipments of around 1.4 GW. On January 13, SolarWorld announced a PERC efficiency of 22%, coming in just behind Trina Solar, which holds the world record at 22.13%.
Despite securing a Q4 2015 EBIT of 8 million, SolarWorld recorded a slight FY loss at -10 million which, while up significantly on the -44 million lost in 2014, still fell short of its expectations of a positive FY EBIT. Remaining upbeat, it forecasts an EBIT gain in the double digits over the next 12 months. EBITDA, meanwhile, grew from 1.6 million in 2014 to 35 million.
The groups 2015 annual report is scheduled to be published on March 17.
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Becky Beetz
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