DGAP-Adhoc: SolarWorld AG: Preliminary business results 2012

SolarWorld AG / Key word(s): Preliminary Results

29.04.2013 20:49

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Ad-hoc-Announcement according to § 15 WpHG

April 29, 2013
Ad hoc-Service der SolarWorld AG
(Securities Code No.: WKN 510 840)
(International Securities Identification Number: ISIN DE0005108401)

SolarWorld AG: Preliminary business results 2012

The preliminary individual financial statements and the preliminary
consolidated financial statements of SolarWorld AG as at December 31, 2012,
are available and will be disclosed tomorrow. The preliminary financial
statements have not yet been audited by nor received an audit opinion from
the company's auditors, nor have they been adopted yet. Thus, they are
subject to amendments.

Massive price declines of about 40 percent in the international solar
markets and decreasing shipment volumes lead to a reduction of the
consolidated revenue by about 42.0 percent to EUR 606.0 (2011: EUR 1,044.9)
million.

In accordance with IAS 36, impairment tests on fixed assets were conducted
at the end of the annual period. These impairment tests resulted in
impairment losses of net EUR 176.1 million.

In 2012, the consolidated EBIT decreased to EUR -492.4 (2011: EUR -243.9)
million. The consolidated net result decreased to EUR -476.9 (2011: EUR
-307.1) million.

At December 31, 2012, the group's liquid funds amounted to EUR 224.1 (Dec
31, 2011: EUR 553.3) million.

As announced by ad-hoc in advance, the individual financial statements of
the parent company SolarWorld AG, which are prepared according to the
German Commercial Code (HGB), state a negative net result not covered by
equity capital. As at December 31, 2013, it amounted to EUR -38 million
(this result too is subject to amendments and unaudited).

Bonn, April 29, 2013

SolarWorld AG
Management Board

Contact
SolarWorld AG
Investor Relations
Phone: +49228/55920-470; Fax: +49228/55920-9470,
Email: placement@solarworld.de; Internet: www.solarworld.de

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Language: English
Company: SolarWorld AG
Martin-Luther-King-Straße 24
53175 Bonn
Germany
Phone: +49 (0)228 - 559 20 470
Fax: +49 (0)228 - 559 20 9470
E-mail: placement@solarworld.de
Internet: www.solarworld.de
ISIN: DE0005108401
WKN: 510840
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard);
Freiverkehr in Berlin, Hamburg, München, Stuttgart;
Terminbörse EUREX

End of Announcement DGAP News-Service

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