DGAP-News

Phoenix Solar Aktiengesellschaft expands its international business in the third quarter - Seite 2

profit stood at EUR 2.3 million compared with EUR 1.0 million in the third
quarter of 2009. Earnings per share for the quarter came to EUR 0.31
(Q3/2009: EUR 0.15).

Sharp increase in EBIT at the end of nine months
Consolidated revenues came to EUR 459.3 million at the end of nine months,
which corresponds to a growth of 89.6 percent as against the year-earlier
period (Q1-3/2009: EUR 242.2 million). The Components & Systems segment
reported an increase in revenues of 72.5 percent and contributed a share of
58.4 percent to total revenues, which corresponds to EUR 268.2 million
(Q1-3/2009: 64.2 percent; EUR 155.5 million). Growth in the Power Plants
segment came to 120.4 percent. This segment´s revenues stood at EUR 191.1
million at the end of nine months compared with EUR 86.7 million a year
ago; the share in total revenues came to 41.6 percent (Q1-3/2009: 35.8
percent). In the period under review, the Phoenix Solar Group´s sale of
modules totalled 224 MW, which is an increase of 143 percent as against the
year-earlier period.

At the end of nine months, EBIT had climbed by EUR 35.6 million to EUR 31.2
million, up from a negative figure in the year-earlier period of EUR -4.4
million. The EBIT margin also grew to a notable 6.8 percent (Q1-3/2009:
-1.8 percent). After-tax, consolidated profit stood at EUR 21.0 million
which far exceeds the year-earlier figure of EUR -3.9 million. At the end
of the nine-month period, earnings per share stood at EUR 3.04 (30
September 2009: EUR -0.58).

Order book
As per 30 September 2010, the order book came to more than EUR 271.2
million, which is 65.7 percent higher in a year-on-year comparison (30
September 2009: EUR 163.7 million). Consolidated orders on hand are
distributed among the segments as follows: Components & Systems accounted
for EUR 64.8  million (30 September 2009: EUR 104.7 million) and Power
Plants for EUR 206.4 million (30 September 2009: EUR 59.0 million). Orders
on hand from international business in the Components & Systems segment
came to EUR 22.4 million (30 September 2009: EUR 5.0 million) and to EUR
93.7 million in the Power Plants segment (30 September 2009: EUR 7.8
million). Adjusted for power plant projects already under construction and
already capitalised, orders on hand came to EUR 147.4 million.

Performance anticipated in the fourth quarter
´Demand in the trading business has been growing since September, as
anticipated. We expect year-end business to be strong, but not to repeat
the high levels achieved in the second quarter´, was Chief Executive