German PV manufacturer SolarWorld on Friday confirmed preliminary first-quarter results showing a 50% increase in first-quarter revenue while narrowing pre-tax losses. First-quarter sales rose 50% to €149.1 million ($169.5 million). The company said it managed to increase its share of high efficiency modules in groupwide shipments. In conjunction with exchange rate effects, it was able to increase average sales prices of its products on a euro basis, resulting in a disproportionately large increase in revenues compared with the increase in shipments. SolarWorld reduced its pre-tax loss to €8 million. The company's hefty first-quarter pre-tax loss last year of €127.4 million included a sizeable one-off effect related to its acquisition of Bosch Solar ...Den vollständigen Artikel lesen ...