SolarWorld shipments increased 42% in 2010

Financials

  • SWVK
    ETR
    36.51
    +0.38 (1.05%)
    5:36PM GMT+2

Preliminary financial results from SolarWorld show the integrated module manufacturer posted revenue of €1.3 billion in 2010, a 29% increase over the previous year, when revenue of €1.01 billion was reported. Shipments of wafers and solar modules also increased over the previous year, reaching 819MW, up 42% over figures logged in 2009 when shipments reached 578MW.

EBIT amounted to €193 million, compared to €153 million in 2009. Margins remained static at 15%, compared with the previous year. Profit increased to €89 million for the year, compared to a profit of €59 million in 2009.

SolarWorld also noted that it had received 90% uptake in the share swap for the acquisition of Solarparc AG, suggesting the takeover would be concluded shortly and would boost SolarWorld’s downstream efforts. 

Newsletter

Preview Latest
Subscribe
We won't share your details - promise!

Publications

  • Photovoltaics International 23rd Edition

    This issue of Photovoltaics International, our 23rd, offers key insights into some of the technologies that are ready to move from lab to fab in support of these goals. ISC Konstanz offer a glimpse of what the low-cost, high-efficiency solar cells of the future might look like. On page 35 the institute’s authors give an overview of what they call Konstanz’ “technology zoo”, encompassing their so-called BiSoN, PELICAN and ZEBRA cell concepts, all of which are aimed at increasing energy yield at the lowest possible cost.

  • Manufacturing The Solar Future: The 2013 Production Annual

    In the ever-changing global solar markets, cost reduction and measures to increase cell efficiencies are the key tools available to PV manufacturers to create new opportunities and drive your business to the next level. Manufacturing the Solar Future 2013 is the third in the Photovoltaics International PV Production Annual series, delivering the next instalment of in-depth technical manufacturing information on PV production processes designed to help you gain the competitive edge.

Partners

Acknowledgements

Solar Media