CORRECTED - UPDATE 2-Solar star Q-Cells warns on sales, sector shares hit

Tue Jul 14, 2009 9:39am BST
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(Corrects year-earlier sales figure in paragraph 12 to 310 million euros from 580 million and year-earlier profit before interest and tax figure in paragraph 13 to 60 million euros from 119 million)

* Q2 sales of 142 mln eur vs 225 mln in Q1

* Q2 EBIT loss of 62 mln eur; says market still difficult

* Sees tough H2 2009, pricing pressure to continue -CFO

* Shares down 11.4 pct, other German solar stocks fall (Recasts, adds CFO comments, analyst quotes)

By Christoph Steitz

FRANKFURT, July 14 (Reuters) - Q-Cells SE (QCEG.DE: Quote, Profile, Research), the world's biggest maker of solar cells, withdrew its full-year sales outlook and said it saw no signs of an upturn in its market outlook, sending shares across the sector lower.

Along with peers in the once-booming industry, Q-Cells has been hit by a steep decline in prices for solar cells, mainly caused by an oversupply that built up during the boom years of 2007 and 2008.  Continued...

 
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