Solarworld reported preliminary Q2 16 results. Total volume jumped 39% to 342MW and total revenues 29.8% to €222m (estimate €225m) compared to €177m in Q2 15. EBIT increased from a loss of €4.2m to a profit of €6.6m (estimate €4m) and the EBIT margin reached 3%. Cash and cash equivalents declined from €183m (end of March) to €148m.
01 Aug 2016
Falling prices, falling profits!
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Falling prices, falling profits!
SolarWorld AG (0QJC:LON) | 0 0 0.0% | Mkt Cap: 9.38m
- Published:
01 Aug 2016 -
Author:
Heinz Steffen -
Pages:
2
Solarworld reported preliminary Q2 16 results. Total volume jumped 39% to 342MW and total revenues 29.8% to €222m (estimate €225m) compared to €177m in Q2 15. EBIT increased from a loss of €4.2m to a profit of €6.6m (estimate €4m) and the EBIT margin reached 3%. Cash and cash equivalents declined from €183m (end of March) to €148m.