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Last €16.18 EUR
Change Today -0.67 / -3.96%
Volume 282.8K
SWVK On Other Exchanges
Symbol
Exchange
OTC US
Xetra
OTC US
As of 3:35 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

solarworld ag (SWVK) Snapshot

Open
€17.34
Previous Close
€16.85
Day High
€17.60
Day Low
€15.76
52 Week High
05/19/14 - €36.39
52 Week Low
10/16/14 - €9.41
Market Cap
241.0M
Average Volume 10 Days
199.6K
EPS TTM
€30.90
Shares Outstanding
14.9M
EX-Date
06/3/15
P/E TM
0.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for SOLARWORLD AG (SWVK)

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solarworld ag (SWVK) Details

SolarWorld Aktiengesellschaft manufactures and sells solar power products for on-grid and off-grid applications worldwide. The company operates through Production Germany, Production U.S., and Trade segments. It offers Sunmodule Plus and Sunmodule Protect solar modules. The company also provides SolarWorld Kits for roof installations; SolarWorld Kit easy, which comprises components required for constructing and operating a solar power system; Sunplug eco, an inverter for small-scale solar systems; KOSTAL and SMA inverters; SunPac Lion and SunPac 2.0 battery systems; Sunfix Plus, a mounting system for pitched or flat roofs; Sundeck, a roof-integrated solution suitable for pitched roofs, as well as for in-roof solutions; and Sunfix aero 2.0, a flat roof system. In addition, it offers Suntrol for system monitoring and visualization; and Sunpass, which provides planning, installation, and documentation of key data of solar array. Further, the company provides Suntool, a planning software for architects, installers, planners, and wholesale traders. It sells its products to private and commercial end customers. SolarWorld Aktiengesellschaft was founded in 1988 and is headquartered in Bonn, Germany.

2,072 Employees
Last Reported Date: 03/25/15
Founded in 1988

solarworld ag (SWVK) Top Compensated Officers

Founder, Chairman of Management Board and Chi...
Total Annual Compensation: €240.0K
Chief Financial Officer and Member of Managem...
Total Annual Compensation: €305.5K
Chief Information, Brand & Personnel Officer ...
Total Annual Compensation: €240.0K
Chief Sales Officer and Member of Management ...
Total Annual Compensation: €294.8K
Compensation as of Fiscal Year 2013.

solarworld ag (SWVK) Key Developments

SolarWorld AG Reports Consolidated Earnings Results for the Year 2014; Provides Financial Guidance for the Year 2015

SolarWorld AG reported consolidated earnings results for the year 2014. Consolidated revenue increased in 2014 by 26% to EUR 573 against EUR 456 million. Operating earnings before interest, taxes, depreciation and amortization (EBITDA) improved to EUR 108 million against LBITDA of EUR 147 million. Effects that resulted from the initial accounting of the assets acquired from Bosch Solar Energy AG and impairment losses from renegotiated supply contracts at better conditions contributed to this. Adjusted EBITDA amounted to EUR 2 million and turned back into positive territory again as expected. Consolidated earnings before interest and taxes (EBIT) increased in 2014 to EUR 62 million too. Earnings before taxes (EBT) grew to EUR 574 million against LBT of EUR 265 million a year ago. This includes the positive result from the successful financial restructuring amounting to EUR 556 million. For the year 2015, the company will continue the upward trend and profit from expected growth in the global solar market. The company had a good start into 2015 and increased its groupwide shipments in the first quarter of 2015 by more than 30% versus previous year's quarter. For 2015 as a whole, the group plans to increase its shipments including the business with solar wafers and cells by at least 25%, and in this way for the first time exceed the 1 gigawatt mark. In 2015, more than 50% of group shipments should be achieved in the strongly-growing U.S. solar market. In Europe, the group is also striving for an increase in shipments and market share, despite difficult conditions. The large European sales market will likely remain Germany, followed by the UK and France. In the Asia/Pacific region, the company wants to continue to make gains especially in Japan, where the group is represented by its own sales office. The company will continue to serve the quality segment of the solar market and create added value for customers using high-performance technology and offering a range of complete solar power solutions. On this basis, consolidated revenue is expected to rise in 2015 in line with the sales trend by at least 25% compared with 2014, to more than EUR 700 million.

SolarWorld AG Expands Production in Arnstadt, Germany

SolarWorld AG has announced that it will expand its production in Arnstadt, Germany, by manufacturing solar mono-crystals. In addition, the group will upgrade all of its solar cell production lines to manufacture highly efficient PERC cells. The addition of crystal production will create about 60 jobs. Silicon mono-crystals are drawn from the liquid silicon melt, then cut into lengths, or ingots, for further processing into solar wafers and then cells and final assembly into modules. The annual production capacity of mono-crystals in Arnstadt is expected gradually to grow to about 500 megawatts, beginning in the second quarter of 2015. SolarWorld's production site in Freiberg, Germany, will cut the silicon ingots into wafers. In parallel, SolarWorld will expand the PERC technology (passivated emitter rear contact) of a pilot line in Arnstadt to the site's entire cell production of 700 megawatts. As a result of new coating processes on cells' fronts and backs, the PERC technology achieves much higher efficiencies. In Hillsboro, Oregon, in the US, SolarWorld already produces exclusively PERC cells. In Freiberg, cell production will be upgraded to PERC technology this year, too. In early 2015, SolarWorld achieved efficiency of 21.42%, setting a new world record for industrially manufactured monocrystalline PERC solar cells.

SolarWorld Reports Consolidated Earnings Results for the Year Ended December 31, 2014; Provides Earnings Guidance for 2015

SolarWorld reported consolidated earnings results for the year ended December 31, 2014. Consolidated revenue in fiscal year 2014 increased by 26% to EUR 573 compared to EUR 456 million a year ago. Operating earnings before interest, taxes, depreciation and amortization (EBITDA) improved in 2014 to EUR 109 compared to loss before interest, taxes, depreciation and amortization of EUR 147 million a year ago. Adjusted for one-off effects, EBITDA rose to EUR 2 million and thus turned positive again, as forecasted. One-off effects resulted from the initial accounting of assets acquired from Bosch Solar Energy AG and from impairments in connection with supply contracts renegotiated on better terms. Consolidated earnings before interest and taxes (EBIT) improved accordingly and rose to EUR 64 million in 2014. Adjusted for the one-off effects, EBIT grew considerably, by EUR 146 million to a negative of EUR 43 compared to loss before interest and taxes of EUR 189 million a year ago. Consolidated earnings before taxes (EBT) went up to EUR 574 compared to loss before taxes of EUR 265 million a year ago. Earnings before taxes included in addition a positive result from the successful financial restructuring amounting to EUR 556 million. The company expects further strong growth for the group and an increase of worldwide shipments to more than one gigawatt in 2015. After the successful restructuring in 2014, the company will also turn operating EBIT back into positive territory in fiscal year 2015.

 

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SWVK Competitors

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Company Last Change
Comtec Solar Systems Group Ltd $1.27 HKD 0.00
Real Goods Solar Inc $0.19 USD -0.0102
REC Silicon ASA 2.16 NOK -0.046
SMA Solar Technology AG €13.68 EUR +0.067
Solon SE €0.02 EUR 0.00
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SWVK

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Valuation SWVK Industry Range
Price/Earnings 0.4x
Price/Sales 0.4x
Price/Book 0.9x
Price/Cash Flow 0.4x
TEV/Sales NM Not Meaningful
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