Sunways AG: Positive trend in business development continues

Konstanz, Germany - Sunways AG

EBIT improved palpably and amounted to EUR -0.6 million in the third quarter 2009 (Q3/2008: EUR -1.1 million). At EUR -0.9 million, the after-tax result from continuing operations for the third quarter 2009 slightly increased against the after-tax result in the prior year period (Q3/2008: EUR -1.0 million).

Consolidated sales from continuing operations for the first nine months of 2009 rose by 9.6 % against prior year period sales to EUR 122.7 million (9M/2008: EUR 112.0 million). EBIT, however, declined from EUR -0.7 million in the 2008 nine-month period to EUR -6.1 million in the corresponding period of the current fiscal year. Despite the marked decline in selling prices for solar components, the cost of materials ratio of Sunways AG remained stable compared to the third quarter 2008 as well as to the 2008 nine-month period. Sunways AG

Source: IWR Online, 13 Nov 2009