November 3, 2008

Bonn, Germany: SolarWorld Reports Third Quarter 2008 Results

SolarWorld AG expanded sales and earnings by double digit percentage amounts in the Third Quarter of 2008.

In Third Quarter, SolarWorld Group sales grew by 47.2% to 238.3 (previous year: 161.9) million EUR, while the first nine month result increased by 41.5% to 665.4 (previous year: 470.1) million EUR.

The operating result before interest and tax (EBIT) went up from July through September by 67.3% to 90.7 (previous year: 54.2) million EUR and cumulatively as per September by 51.8% to 209.3 (previous year: 137.9) million EUR.

Group profit increased in the 3rd quarter by 17.3% to 35.9 (previous year: 30.6) million EUR and in the first nine months by 56.1% to 123.0 (previous year: 78.8) million EUR.

SolarWorld AG says the company has taken all currently predictable capital market risks into consideration in its balance sheet. The group-wide rate of international business amounted to 59 (previous year: 49)%.

The Management Board of SolarWorld AG expects to exceed the profit forecast for Fiscal Year 2008.

Further details about: SolarWorld AG