SOLON SE increases revenues to more than EUR 800 million

(PresseBox) ( Berlin, )
SOLON SE, Berlin, Germany (ISIN DE0007471195) presents its preliminary figures for fiscal year 2008 today. The figures show that the company was again one of the fastest growing solar companies in Germany last year. SOLON increased production volume by 49% to 176 MWp (2007: 118 MWp). Group revenues increased by 62% to EUR 815 million (2007: EUR 503.1 million). Earnings before interest and tax (EBIT) rose by 70% to EUR 60 million (2007: EUR 35.2 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.
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