China

China


Germany

Germany


Vatican

Vatican


Africa

Africa


Spain

Spain


USA

USA


Expected development of sales and earnings

We will continue to increase our production by 20 to 30 per cent on a cash flow basis at favourable terms and conditions in 2009. We will thus retain our growth pace. In parallel, we will invest in research and the further development of the SOLARWORLD brand. Here, too, our strong equity ratio and liquidity will provide us with a major competitive edge. Against the backdrop of the fall in prices required on the path to achieving grid parity and based on the assumption that the macroeconomic development will stabilise in the second half of 2009, we are planning to generate sales over previous year’s level with 1 billion € as our next stage’s goal.

Wafer volumes from long-term contracts can shift here towards processing for the manufacture of solar modules or kits. Our consolidated net income for the year will depend on the extent to which the decline in prices can and will have to be offset on the cost side.

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increase of production, 2009

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Expected development of dividends

SOLARWORLD aktiengesellschaft pursues a consistent dividend policy that is geared to the company’s earnings. In the event of a positive development of earnings, our shareholders can expect continual dividend yields in subsequent fiscal years. For fiscal year 2008, the Executive Board will propose the distribution of a dividend to the Annual General Meeting in May 2009 for the ninth time in succession. The dividend proposed by the management is € 0.15. The SOLARWORLD Stock