Solarworld Aktiengesellschaft Reports Consolidated Earnings Results for the Quarter and Year Ended December 31, 2016
SolarWorld Aktiengesellschaft reported consolidated earnings results for the quarter and year ended December 31, 2016. For the quarter, the company reported revenue of €164,412,000 against €231,675,000 a year ago. LBITDA was €41,256,000 against EBITDA of €26,278,000 a year ago. LBIT was €51,036,000 against EBIT of €14,117,000 a year ago. Consolidated net result negative was €11,940,000 against consolidated net result of €5,570,000 a year ago.
For the year, the company reported revenue of €803,066,000 against €763,465,000 a year ago. Operating result negative was €98,844,000 against €4,151,000 a year ago. Result before taxes on loss was €133,317,000 against €44,845,000 a year ago. Consolidated net result negative was €91,937,000 or €6.17 per share against €33,282,000 or €2.23 per share a year ago. Cash flow from operating activities negative was €40,388,000 against cash flow from operating activities of €52,461,000 a year ago.