As forecasted, SolarWorld AG increased the sales revenue for Fiscal Year 2010 substantially.
· Shipments increased by 42 percent
· Foreign share of 59 percent
· Revenue leap by 29 percent
· EBIT grew by 26 percent
· Profits went up by 50 percent
· Proposed dividend of 19 Eurocent
According to provisional calculations, the group generated revenues in Fiscal Year 2010 of € 1,305 (2009: 1,013) million. Shipments of wafers and solar modules were increased by 42 percent to 819 (2009: 578) MW.
The operating result (EBIT) amounted to € 193 (2009: 153) million. The groupwide EBIT margin stood at 15 (2009: 15) percent. Consolidated profits increased in Fiscal Year 2010 to € 89 (2009: 59) million.
Due to the sound business development, the Management Board will, subject to the approval of the Supervisory Board, propose to the Annual General Meeting on 24 May 2011 a dividend increased to 19 (2009: 16) Eurocent per dividend-bearing share certificate. Thus, the shareholders of SolarWorld AG will participate in the success of the company for the eleventh year in succession.
SolarWorld AG decided on 15 November 2010 to submit to the shareholders of Solarparc AG a voluntary public take-over offer in the course of which the Solarparc AG shareholders were able to exchange their shares in the company against shares of SolarWorld AG. The deadline for the acceptance of the take-over offer ended on 28 January 2011. Until the end of the regular acceptance period the take-over offer was accepted for a total of 3,675,140 Solarparc AG shares. The total number of voting rights held by SolarWorld AG from the Solarparc AG shares thus amounts to 5,383,474 voting rights; this is equivalent to a stake of 90 percent. The shareholders of Solarparc AG now have the renewed opportunity in an additional acceptance period that started on 4 February and will terminate at end of business on 17 February 2011, to exchange their Solarparc AG shares against shares in SolarWorld AG.