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February 24, 2009
Berlin,
Germany: SOLON SE Increases Revenues to More Than €800 million
Germany
module manufacturer, SOLON SE presented its preliminary figures
for fiscal year 2008 today. The figures show that the company
was again one of the fastest growing solar companies in Germany
last year.
SOLON
increased production volume by 49% to 176 MWp (2007: 118 MWp).
Group revenues increased by 62% to €815 million (2007: €503.1
million). Earnings before interest and tax (EBIT) rose by 70%
to €60 million (2007: €35.2 million).
Net
income after minority interests rose by 50% to €32 million (2007:
€21.3 million). Earnings per share improved to €2.55 (2007: €2.07).
The SOLON Group currently has five production sites in Germany,
Austria, Italy and the U.S.
The
production capacity of these sites was expanded to 450 MWp in
2008. The greatest expansion was at the Greifswald, Germany and
Carmignano, Italy locations. The number of employees at all locations
increased throughout the year to 886.
The
company sees 2009 and the following fiscal years as having the
potential for further growth. However, because of the difficult
economic situation and the development of key markets (U.S., Southern
Europe), which cannot yet be reliably estimated, the visibility
for the current year continues to be limited. For that reason,
the Management Board considers it reasonable not to provide a
specific forecast for fiscal year 2009 until during the course
of the year.
The
complete 2008 annual report of SOLON SE will be published on April
2, 2009
Further details about: SOLON SE
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