SolarWorld AG: Notice for individual company pursuant to Sec. 92 AktG and confirmation of preliminary figures 2016 for SolarWorld Group and of forecast 2017
SolarWorld AG: Notice for individual company pursuant to Sec. 92 (1) AktG and confirmation of preliminary figures 2016 for SolarWorld Group and of forecast 2017
The Management Board of SolarWorld AG notifies that a loss has occurred in the amount of one half of the nominal share capital (Sec. 92 (1) of the German Stock Corporations Act - AktG). This loss mainly results from provisions and impairments with regard to measures to focus business activities and cut costs, which have been initiated to enhance the earnings power of the individual company and the SolarWorld Group.
Equity in the individual financial statements of SolarWorld AG prepared according to the German Commercial Code (HGB) for fiscal year 2016 decreased to EUR 2.6 (December 31, 2015: 30.8) million because of losses after taxes amounting to EUR 28.2 million.
Pursuant to Sec. 92 (1) AktG, the Management Board will convene a shareholders' meeting.
As at December 31, 2016, equity of the SolarWorld group including all subsidiaries amounted to EUR 120.5 million. This equals an equity ratio of 18 percent. Moreover, the Management Board confirms the financial figures of the group for fiscal year 2016 announced on February 10, 2017, as well as its forecast for 2017. The report will be released on March 29, 2017, as planned.
Contact: SolarWorld AG Investor Relations Phone: +49 228 55920-470; Fax: +49 228 55920-9470, Email: firstname.lastname@example.org; Web: www.solarworld.de/en/investor-relations
21-March-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English
Company: SolarWorld AG Martin-Luther-King-Straße 24 53175 Bonn
Germany Phone: +49 (0)228 - 559 20 470 Fax: +49 (0)228 - 559 20 9470 E-mail: email@example.com Internet: www.solarworld.de ISIN: DE000A1YCMM2, DE000A1YDDX6, DE000A1YCN14 WKN: A1YCMM, A1YDDX, A1YCN1 Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News Service
556349 21-March-2017 CET/CEST