Solarworld Sees Second-Half Sales Jump, Bucking Price Pressures
- German module maker sees 2016 sales of up to 1 billion euros
- Product innovations, global demand to cushion price pressures
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Solarworld AG said it’s confident it can overcome pressure to cut prices on the solar modules it sells and focus on higher-yielding products as it reduces costs to keep profit growing.
The German manufacturer boosted second-quarter sales by 30 percent to 222 million euros ($249 million) from a year ago, the Bonn-based company said Monday. It confirmed it’s on track this year to boost sales 20 percent to as much as 1 billion euros. Solarworld said the U.S. provided half its revenue in the second quarter, with increases also coming from Europe, Asia and Africa.