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Phoenix Solar AG presents its figures for the financial year 2014 - Seite 3

consolidated revenues which are projected to come in somewhere in the range
of EUR 140 to 160 million ($US 150 to 170 million)*) (2014: EUR 33.8
million). To achieve this the company is planning projects with a total
volume of between 160 MWp and 180 MWp (2014: 29 MWp). Given the fact that
the cost basis has been reduced significantly, the company assumes that it
will be able to generate a positive operating result (EBIT) again in the
range of EUR 1 to 3 million.

"Today, our company is strongly anchored in the international project
business, above all through our presence in the USA, Southeast Asia and the
Middle East as an EPC (engineering, procurement and construction)
contractor for solar photovoltaic power plants", explains Phoenix Solar CEO
Tim P. Ryan. "We are already seeing success in these new high-growth
markets, particularly in the USA. Major new orders received in recent weeks
confirm that we are moving steadily towards achievement of the goals laid
out a year ago - albeit with some delay - but, in our view, with solid
prospects for a sustainable business in the current and coming years."

Annual Report
The Annual Report 2014 is to be issued today, March 31st, 2015, in
electronic form and can be downloaded from our website at
www.phoenixsolar-group.com/en.html under the Investor Relations, Financial
Reports heading.

*) 2015 Projected Revenues in $US are given as rough guidance only in view
of currency exchange rate differences.
Source: www.oanda.com, EUR 1.00 = USD 1.07031 as of March 20th, 2015

About Phoenix Solar AG
Phoenix Solar AG, headquartered in Sulzemoos near Munich, is an
international photovoltaic system integrator. The Group develops, plans,
builds and operates large-scale photovoltaic plants and is a specialist
wholesaler for turnkey power plants, solar modules and accessories. With
subsidiaries on three continents, the company has sold solar modules with
an output of significantly more than 1.2 gigawatt since its founding. The
shares of Phoenix Solar AG (ISIN DE000A0BVU93) are listed on the official
market (Prime Standard) of the Frankfurt Stock Exchange.
www.phoenixsolar-group.com




Contact:
Phoenix Solar AG
Dr. Joachim Fleing
Investor Relations Representative
Tel.: [phone]
Fax: [phone]
[e-mail]
www.phoenixsolar-group.com



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Language: English
Company: Phoenix Solar Aktiengesellschaft
Hirschbergstraße 4
85254 Sulzemoos
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.phoenixsolar-group.de
ISIN: DE000A0BVU93
WKN: A0BVU9
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich (m:access), Stuttgart


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