2013-01-28 | Editor : elsiefu 1682 pageviews
SolarWorld AG: Necessity of Restructuring and Positive Going Concern Prognosis
In light of the anticompetitive market environment, the Management of SolarWorld AG(ISIN: DE0005108401) has initiated an external experts’ review on the company’s business plan in particular with regard to its anticipated earnings and financial planning.
On the basis of the business plan, checked on plausibility by the external experts, the Management is of the opinion that serious adjustments on the debt side are necessary, in particular with regard to the bonds (ISIN XS0478864225 und ISIN XS0641270045) and the assignable bank loans. Simultaneously, SolarWorld AG is of the opinion that there is a predominant degree of probability that the necessary financial restructuring and necessary operational measures can be achieved in the best interest of all parties and a positive going concern prognosis is thus given.
The Management will permanently review the going concern prognosis and will initiate solution orientated discussions.