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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).
- 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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