Net losses grewto €476.9m ($624.1m) in 2012 from €307.1m in 2011, according to a preliminaryand not-yet audited financial statement.
The company hadpostponed the release of its financial figures amid negotiations with creditorsabout a restructuring of its massive debt – talks that still are not completed.Net debt swelled to €780.7m in 2012, from an already whopping €718.5m in 2011.
“Massive pricedeclines of about 40% in the international solar markets and decreasingshipment volumes lead to a reduction of the consolidated revenue by about 42%to €606m,” from €1.04bn
