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    DGAP-News  364  0 Kommentare Phoenix Solar AG publishes results for 1H/2015


    DGAP-News: Phoenix Solar Aktiengesellschaft / Key word(s): Half Year
    Results
    Phoenix Solar AG publishes results for 1H/2015

    06.08.2015 / 08:00

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    Phoenix Solar AG publishes results for 1H/2015

    - Strong revenue growth to EUR 39.8 million - approximately 300 percent
    growth versus previous year period

    - Construction work commenced on several large-scale solar power plants
    in the core US market

    - EBIT at EUR -4.6 million; slight improvement in earnings per share

    - Free order backlog still more than EUR 100 million

    - 2015 guidance confirmed

    Sulzemoos, August 6, 2015 / Phoenix Solar AG (ISIN DE000A0BVU93), a leading
    international photovoltaic system integrator listed in Prime Standard of
    the Frankfurt Stock Exchange today publishes its financial report on the
    first six months of fiscal 2015.

    Performance in the first half year

    In the first half year of fiscal 2015, Phoenix Solar AG generated
    consolidated revenues of EUR 39.8 million, which is three times as much
    compared with the first six months of fiscal 2014 (H1/2014: EUR 12.1
    million) and some 18 percent more than in the full-year 2014. The growth of
    the business is largely attributable to an increase in revenues in the
    second quarter of fiscal 2015. The positive performance - driven above all
    by Phoenix Solar's subsidiary in the USA - is in line with the company's
    current forecast.

    In the first six months, the Components & Systems segment achieved revenues
    of EUR 2.9 million (H1/2014: EUR 8.1 million), while the Power Plants
    segment contributed revenues of EUR 36.8 million (H1/2014: EUR 3.9
    million). 7.4 percent (H1/2014: 67.5 percent) of total revenues was
    attributable to the Components & Systems segment, with the Power Plants
    segment accounting for 92.6 percent (H1/2014: 32.5 percent). The decline in
    the Components & Systems segment is explained by weaker development of
    business, above all in France. Growth in the Power Plants segment reflects
    the start of construction work on several power plant projects in the US
    but also in Asia.

    Higher other operating income had been reported in the first half of 2014
    owing to a special item (H1/2015: EUR 1.7 million; H1/2014: EUR 4.1
    million). Furthermore, currently a flagship project for a strategically
    important customer and leading energy company in the US is being carried
    out, on which weaker margins were accepted the year before. This
    contributed to an EBIT level of EUR -4.6 million, down 37.3 percent versus
    the previous year's figure (EBIT H1/2014: EUR -3.3 million).
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    DGAP-News Phoenix Solar AG publishes results for 1H/2015 DGAP-News: Phoenix Solar Aktiengesellschaft / Key word(s): Half Year Results Phoenix Solar AG publishes results for 1H/2015 06.08.2015 / 08:00 --------------------------------------------------------------------- Phoenix Solar AG publishes results …