EANS-News: Sunways AG / Sales, earnings and liquidity improved in fiscal year 2009

- € 177.5 million consolidated sales from continuing operations, EBIT
of € -0.5 million
- Cell and module sales volumes almost doubled
against the previous year
- Sale of MHH Solartechnik successfully
completed; net inflow of liquid funds in the amount of € 14.7
million
(incl. photo)

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Financial Figures/Balance Sheet/annual result/annual report

Subtitle: - € 177.5 million consolidated sales from continuing
operations, EBIT of € -0.5 million - Cell and module sales volumes
almost doubled against the previous year - Sale of MHH Solartechnik
successfully completed; net inflow of liquid funds in the amount of €
14.7 million (incl. photo)

Konstanz (euro adhoc) - Konstanz, 31 March 2010 - In the fiscal year
2009, Sunways AG (FWB: SWW; ISIN DE0007332207) generated consolidated
sales from continuing operations of EUR 177.5 million (2008: EUR
147.5 million). This rise in sales was supported by both segments
(solar cells, solar systems) and corresponds to an increase against
the prior year by more than 20%. The operating result (EBIT) at EUR
-0.5 million was slightly negative but still markedly exceeded the
prior year figure of EUR -6.8 million. The very successful 4th
quarter 2009 made a substantial contribution to these results: with
quarterly sales EUR 54.8 million, EBIT amounted to EUR 5.7 million.

The increased business volume in the fiscal year 2009 was based on
cell and module sales volumes that almost doubled against 2008. This
rise in sales was due to the completed expansion of solar cell
production capacities at the Arnstadt plant. The inverter business
declined against the previous year as a result of the deterioration
of the Spanish market.

Under the former Group structure, i.e. including the subsidiary MHH
Solartechnik GmbH sold as of 31 December 2009, Sunways AG generated
the best result of its corporate history in 2009: sales volume
reached EUR 335.7 million (2008: EUR 262.3 million), the operating
result (EBIT) rose to EUR 7.4 million (2008: EUR -1.5 million).

Net income of Sunways AG in the fiscal year 2009 amounted to EUR 16.9
million - which was largely due to the proceeds from the sale of MHH
Solartechnik. The first portion of the purchase price, which was paid
on 30 December 2009, amounted to EUR 15.3 million; after deduction of
the transaction costs, the net inflow of funds from the disposal was
EUR 14.7 million. A potential second purchase price portion is
performance-related and would fall due after the end of the fiscal
year 2010. Thus the amount of liquid funds of Sunways AG as of the
year-end 2009 rose by a total of EUR 18.4 million to just under $ 22
million. The equity ratio of Sunways AG as of 31 December 2009 was
53 %. Thus the equity per Sunways share amounted to EUR 5.05.

"Our operational efficiency and financial flexibility were improved
significantly in the past fiscal year. The additional liquid funds
arising from the sale of MHH Solartechnik will be used for the
implementation of further steps in the context of our strategic
realignment and for intensifying corporate growth," commented Michael
Wilhelm, the Chairman of the Management Board of Sunways AG, on the
financial figures. This includes inter alia the development of new
areas of activity, the consistent technological focus on the core
competences in the cell, module and inverter sectors as well as
targeted market entries and further increased distribution activities
in promising photovoltaics markets. At the same time, Sunways AG
plans to develop the project business relating to large solar systems
and parks via a joint venture with BayWa AG.

Sunways AG expects that the international photovoltaics markets will
continue to grow steadily, even though the more mature markets show
clear signs of a reduction of government subsidies. In particular in
Germany, we anticipate increasing price and competitive pressures
resulting from the amendment of the Renewable Energies Act (EEG).
However, Sunways AG considers itself well positioned to profit from
the future growth of the photovoltaics markets. For 2010 and 2011, we
therefore expect a rise in sales and a positive operating result at
the Group level.

Major 2009 key figures - continuing operations Group Revenues: EUR
177.5 million (2008: EUR 147.5 million; + 20.3 %) EBITDA: EUR 5.2
million (2008: EUR -2.4 million) Depreciation and amortization: EUR
5.7 million (2008: EUR 4.4 million) EBIT: EUR -0.5 million (2008: EUR
-6.8 million) Consolidated net income: EUR 16.9 million (2008: EUR
-1.9 million) Earnings per share: EUR 1.46 (2008: EUR -0.17)
Employees (31 December): 317 (2008: 296) Solar cell segment Revenues:
EUR 103.4 million (2008: EUR 80.3 million; +28.8 %) EBIT: EUR 8.4
million (2008: EUR -6.0 million) Solar cell sales volume: 64.5
megawatts (2008: 32.8 megawatts) Solar systems segment Revenues: EUR
74.9 million (2008: EUR 67.2 million; +11.5 %) EBIT: EUR -8.9 million
(2008: EUR -0.8 million) Solar module sales volume: EUR 25.3
megawatts (2008: 13.3 megawatts) Solar inverter sales volume: EUR
77.1 megawatts (2008: 86.1 megawatts)

2010 financial calendar
12 May 2010 - Interim report as of 31 March 2010
17 June 2010 - Annual general meeting
13 August 2010 - Interim report as of 30 June 2010
12 November 2010 - Interim report as of 30 September 2010

This press release and additional photographs are available on
www.sunways.de

Forward-looking statements This press release contains statements
relating to the future business development of Sunways AG that are
based on management assumptions and estimates made at the time of
publication. Should the assumptions underlying the prognoses fail to
be fulfilled, actual events may vary substantially from
forward-looking statements. Uncertainties include changes in the
political, legal, economic and business environment, exchange and
interest rate fluctuations as well as the behaviour of competitors
and other market participants. Sunways does not intend and is not
under any obligation to update forward-looking statements on an
ongoing basis as these are exclusively based on the circumstances
prevailing as of the date of publication.

About Sunways Sunways AG, Konstanz/Germany, stands for consistent use
of solar energy to secure long-term energy supply of man in an
efficient and sustainable manner. Sunways offers technological
competence, performance and highest quality - from single components
to complete solar systems.Since its foundation in 1993, Sunways AG
evolved into a technology leader in the photovoltaics industry
serving international markets. With silicon-based solar cells,
inverters, solar modules and solar systems, the company offers all
components required for high-yield photovoltaic power generation.
With photovoltaic solutions tailored to customers´ needs (transparent
and coloured solar cells, building- integrated photovoltaic
installations), Sunways turns exceptional ideas into reality.Sunways
Production GmbH in Arnstadt/Germany is a subsidiary of Sunways AG; in
addition, the group has own branch offices in Barcelone/Spain and
Bologna/Italy. In 2008, Sunways AG with about 370 employees realised
sales of about EUR 260 million.The shares of Sunways AG are listed at
the Frankfurt Stock Exchange (SWW, ISIN DE0007332207). For further
information, please visit www.sunways.de.

end of announcement euro adhoc
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ots Originaltext: Sunways AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Dr. Harald F. Schaefer

Head Corporate Communications & Investor Relations

Tel.: +49 (0)7531 996 77-415

E-Mail: communications@sunways.de

Branche: Alternative energy
ISIN: DE0007332207
WKN: 733220
Index: CDAX, Prime All Share, Technology All Share
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