The company reported final Q3 16 results. Revenues declined 3.5% to €204.5m. EBITDA turned from a small profit of €4.7m to a loss of €11.9m. EBIT losses increased from €6.1m to €24.5m. Shipments of modules and systems increased by only 5.2% to 345MW. Revenues in Germany dropped 36.5% to €34.3m but increased in Asia by 60.6% to €15.1m. In the US, the main market for Solarworld, revenues increased 12% to €108.3m. The price decline continued further. In th
18 Nov 2016
Massive overcapacity must be digested first
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Massive overcapacity must be digested first
SolarWorld AG (0QJC:LON) | 0 0 0.0% | Mkt Cap: 9.38m
- Published:
18 Nov 2016 -
Author:
Heinz Steffen -
Pages:
2
The company reported final Q3 16 results. Revenues declined 3.5% to €204.5m. EBITDA turned from a small profit of €4.7m to a loss of €11.9m. EBIT losses increased from €6.1m to €24.5m. Shipments of modules and systems increased by only 5.2% to 345MW. Revenues in Germany dropped 36.5% to €34.3m but increased in Asia by 60.6% to €15.1m. In the US, the main market for Solarworld, revenues increased 12% to €108.3m. The price decline continued further. In th