SolarWorld banks on 2014 upswing

Embattled German PV group SolarWorld plans a massive increase in sales this year and a return to positive earnings before interest, taxes, depreciation and amortization (Ebitda) if its current restructuring proceeds as planned.

“Whilst global demand for solar energy products is likely to continue to grow in 2014, prices will probably remain at the current level,” the company said as it released a medium-term plan for 2014 to 2016 as part of its financial restructuring.

“SolarWorld expects that market growth will also have an effect on its own sales development.”

SolarWorld says it is planning to increase shipments of modules and kits in 2014 by at least 40% from last year’s 548MW.

As a result of volume growth and a higher share of the system business, SolarWorld is planning on revenues Log in to read complete article.

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