In a group interim report on the third quarter of 2014, released yesterday, German manufacturer SolarWorld AG confirmed its preliminary results.
In the first nine months of 2014, the group raised shipments of solar modules and kits 54 per cent to 602 MW, from 390 MW year-on-year.
The company achieved its strongest growth in the U.S., France, the UK and Japan.
In those markets, SolarWorld managed to double its business volume, compared with the same period last year.
In Germany, the company saw a slight increase from January-to-September, despite a decline in the German market.
The company started into the fourth quarter with an order backlog of 350 MW. Orders stretch into 2015.
"We will continue our international growth in 2015, based on the high demand of our solar modules, which distinguish themselves through high quality and power," said Dr.-Ing. E. h. Frank Asbeck, CEO of SolarWorld AG.
The U.S. solar market is becoming the strongest growth driver of the group. As announced already, SolarWorld will intensify its U.S. commitment with investments for the expansion of production capacities at its site in Hillsboro, Oregon.
As reported previously, the group increased revenue by 18 per cent in the first nine months to 409 million, from 346 million, year on year.
EBITDA rose by 107 million, from a 63 million loss. EBIT amounted to 77 million, up from a 95 million loss.
In the first nine months, the group's consolidated profit after taxes increased by 624 million to 489 million. from a 135 million loss.
At the cut-off date, September 30, the group had liquid funds of 151 million down from 159 million on June 30 after it made interest payments amounting to 7 million, as planned.
The consolidated interim report for the third quarter of 2014 is available here.
