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Sunways sales up 25% in 2010

Sunways AG has reported preliminary sales figures for the full year 2010 of €222.7 million, up 25% on 2009.

By Renewable Energy Focus staff

The solar company says around 30% of sales were realised abroad, compared to 9% the year before.

The EBIT is expected to be around €15m for the year.

“The development of consolidated earnings underlines the success of our market-related as well as strategic efforts in the past year,” says Michael Wilhelm, Chairman of the Management Board of Sunways.

“I am glad to see that our decision to cooperate with LDK Solar as an additional partner in solar module production is already paying off. This year, we will again consistently continue our successfully initiated internationalisation efforts.”

Last year Sunways certified Chinese LDK Solar for the production of the Ecoline solar modules using Sunways’ solar cells.

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Photovoltaics (PV)  •  Policy, investment and markets  •  Solar electricity