On 11 May, management of the company filed for insolvency proceedings. The subsidiaries of the company also filed for insolvency. The court has appointed the attorney at law Piepenburg as the preliminary insolvency administrator. On 28 April, the company reported Q1 17 results. Solarworld sold 382MW compared to 340MW in Q1 16. Revenues, however, declined 12.7% to €186m due to ongoing fierce price competition. EBITDA reached minus €18m compared to a positive €2m in Q1 16. Accord
16 May 2017
From a giant to an historical footnote
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From a giant to an historical footnote
SolarWorld AG (0QJC:LON) | 0 0 0.0% | Mkt Cap: 9.38m
- Published:
16 May 2017 -
Author:
Heinz Steffen -
Pages:
2
On 11 May, management of the company filed for insolvency proceedings. The subsidiaries of the company also filed for insolvency. The court has appointed the attorney at law Piepenburg as the preliminary insolvency administrator. On 28 April, the company reported Q1 17 results. Solarworld sold 382MW compared to 340MW in Q1 16. Revenues, however, declined 12.7% to €186m due to ongoing fierce price competition. EBITDA reached minus €18m compared to a positive €2m in Q1 16. Accord