LDK Solar Announces Change to its Fourth Quarter Earnings Release Date
XINYU CITY, China and SUNNYVALE, Calif., April 10, 2012-- LDK Solar Co., Ltd. ("LDK Solar" or the "Company") (NYSE: LDK), a leading vertically integrated manufacturer of photovoltaic products, today announced that it has changed the release date of its fourth quarter 2011 results originally scheduled for April 12, 2012 to April 30, 2012, as management needs additional time to finalize certain items in its fourth quarter 2011 financial results, including an impairment analysis of long-lived assets and an assessment of inventory write-downs and provisions for certain receivables. These provisions and the previously provided outlook for the fourth quarter 2011 are preliminary estimates and the Company has yet to complete its preliminary review and compilation of its financial information for the quarter. Results are subject to change based on further review by management.
The Company currently expects to announce financial results for the fourth quarter ended December 31, 2011 before the market opens on Monday, April 30, 2012. The Company will host a corresponding conference call and live webcast at 8:00 a.m. Eastern Time (ET) the same day.
Fourth Quarter Conference Call Details
To listen to the live conference call, please dial 877-941-1427 (within U.S.) or 480-629-9664 (outside U.S.) at 8:00 a.m. ET on April 30, 2012. An audio replay of the call will be available through May 12, 2012, by dialing 800-406-7325 (within U.S.) or 303-590-3030 (outside U.S.) and entering the pass code 4524489#.
A live webcast of the call will be available on the company's investor relations website at http://investor.ldksolar.com.
About LDK Solar (NYSE: LDK)
LDK Solar Co., Ltd. (NYSE: LDK) is a leading vertically integrated manufacturer of photovoltaic (PV) products. LDK Solar manufactures polysilicon, mono- and multi-crystalline ingots, wafers, cells, modules, systems, power projects and solutions. LDK Solar's headquarters and principal manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's office in the United States is located in Sunnyvale, California. For more information about LDK Solar and its products, please visit www.ldksolar.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this press release are forward-looking statements, including but not limited to, LDK Solar's ability to raise additional capital to finance its operating activities, the effectiveness, profitability and marketability of its products, the future trading of its securities, the ability of LDK Solar to operate as a public company, the period of time during which its current liquidity will enable LDK Solar to fund its operations, its ability to protect its proprietary information, the general economic and business environment and conditions, the volatility of LDK Solar's operating results and financial condition, its ability to attract and retain qualified senior management personnel and research and development staff, its ability to timely and efficiently complete its ongoing projects, and other risks and uncertainties disclosed in LDK Solar's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on information available to LDK Solar's management as of the date hereof and on its current expectations, assumptions, estimates and projections about LDK Solar and the PV industry. Actual results may differ materially from the anticipated results because of such and other risks and uncertainties. LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, assumptions, estimates and projections except as may be required by law.
For more information contact:
The Blueshirt Group for LDK Solar
Executive VP and CFO
LDK Solar Co., Ltd.