DGAP-News

Phoenix Solar CEO Tim P. Ryan lays out Six Point Plan to consolidate turnaround in 2015

DGAP-News: Phoenix Solar Aktiengesellschaft / Key word(s): Strategic
Company Decision
Phoenix Solar CEO Tim P. Ryan lays out Six Point Plan to consolidate
turnaround in 2015

23.06.2015 / 16:06

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Phoenix Solar CEO Tim P. Ryan lays out Six Point Plan to consolidate
turnaround in 2015

- Full year forecast of EUR140-160 Mio million sales revenues confirmed,
with positive EBIT

- Benefits of restructuring and lower cost base have increased
competitiveness

- With continued strong growth in the global solar industry in 2015 to
over 50 GWp (est.), demand for experienced, international EPC partners
such as Phoenix Solar remains healthy

Sulzemoos, June 23rd, 2015 / Tim P. Ryan, Group CEO at Phoenix Solar AG
(ISIN
DE000A0BVU93), an international photovoltaic system integrator listed in
the Prime Standard of the Frankfurt Stock Exchange, laid out a Six Point
Plan for 2015 and beyond to consolidate the Company's turnaround at the
Company's Annual Shareholders' Meeting today.

At the core of the plan is the return to profitable growth. The Company
continues to make a strong push towards consolidating its turnaround and
closing projects profitably in 2015. The full year forecast of revenues at
EUR 140 - 160 million was confirmed, with positive EBIT in the low single
digits. An improved global sales process, pipeline management and reporting
will support the drive for growth.

The second point focuses on clear positioning: Phoenix Solar continues to
differentiate with its core offering of engineering, procurement and
construction (EPC) services based on precision-engineered, on-time and
on-budget delivery of commercial solar power plants. This means reliable
long-term system output for owners and investors at competitive market
pricing.

The Company's position will also be enhanced by establishing a global
supply chain function. This will ensure competitive purchasing by
consolidating equipment volumes via trusted supply partnerships.
Furthermore, extending the network of strategic alliances among suppliers,
project developers, finance partners and investors globally will allow
Phoenix Solar to leverage opportunities as they arise.

While restructuring measures to reduce the cost base - now fully
implemented - have already significantly lowered the Company's breakeven