SOLON SE increases revenues to more than EUR 800 million
Net income after minority interests rose by 50% to EUR 32 million (2007: EUR 21.3 million). Earnings per share improved to EUR 2.55 (2007: EUR 2.07).
The SOLON Group currently has five production sites in Germany, Austria, Italy and the U.S. The production capacity of these sites was expanded to 450 MWp in 2008. The greatest expansion was at the Greifswald, Germany and Carmignano, Italy locations. The number of employees at all locations increased throughout the year to 886.
The company sees 2009 and the following fiscal years as having the potential for further growth.However, because of the difficult economic situation and the development of key markets (U.S., Southern Europe), which cannot yet be reliably estimated, the visibility for the current year continues to be limited. For that reason, the Management Board considers it reasonable not to provide a specific forecast for fiscal year 2009 until during the course of the year.
The complete 2008 annual report of SOLON SE will be published on April 2, 2009 and will then be available for download on the company's website at www.solon.com.
SOLON SE is one of the largest solar module manufacturers in Europe and a leading supplier of photovoltaic systems for large-scale solar power plants. The SOLON Group has subsidiaries in Germany, Austria, Italy, Switzerland, and the U.S. and employs more than 900 people worldwide. The SOLON Group's core business is the manufacture of solar modules in various performance categories and of complete photovoltaic systems for the construction of solar power plants as well as the construction of turn-key solar power plants worldwide.