Group-wide shipments surged by 41% to 154MW in the first quarter from the level seen in Q1 2013, the company said in a filing of preliminary financial results.

But in spite of the increase, revenue fell to €99.4m ($138.6m) from €112.2m in the year-earlier period. The reduction can mainly be attributed to one-off effects from the sale of two large-scale projects with high revenues in the first quarter of 2013, SolarWorld says, as well as the general price reduction.

Earnings