“Provisioning of loan capital for large-scale projects is not feasible at the moment since the initiated financial restructuring has not been fully implemented yet. Moreover, sales in our core market Germany have developed weaker than planned,” the company said in an ad-hoc statement to the stock market.
“As a result, SolarWorld currently expects that shipments of modules and kits as well as group revenue in 2013 will fall below previous year’s level, which means a deviation from SolarWorld’s previous forecasts.”
SolarWorld previously had expected to surpass last year’s shipments of solar modules and kits of 567MW, and also forecast to exceed its 2012 revenue of €606m ($811m) this year.
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