DGAP-Adhoc

Phoenix Solar AG below earnings forecast - Seite 2

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.

This is an English translation of the German original. Only the German
version is binding.

Disclaimer
The content of this press release is solely for information purposes and is
not intended to constitute a recommendation for investment or a
solicitation to subscribe or an offer to buy or sell securities of the
company. Phoenix Solar AG shall undertake no liability whatsoever for any
loss in connection with this press release or the information made
available. This also applies particularly to any eventual loss in
connection with the shares of Phoenix Solar AG.

This document contains forward-looking statements on future developments
which are based on management's current assessment. Words such as
"anticipate", "assume", "believe", "estimate", "expect", "intend",
"can/could", "plan", "project", "forecast", "should", and similar terms are
indicative of such forward-looking statements. Such statements are subject
to certain risks and uncertainties which are mainly outside the sphere of
influence of Phoenix Solar AG, but which have an impact on the business
activities, the success, the business strategy and the results. These risks
and factors of uncertainty include, for instance, climatic change, changes
in the state subsidisation of photovoltaics, the introduction of competitor
products or technologies of other companies, the development of the planned
internationalisation of business activities, fierce competition as well as
rapid technological change in the photovoltaic market. If one of these or
other factors of uncertainty or risks should occur, or if the assumptions
underlying the statements should prove incorrect, the actual results may
diverge substantially from the results in these statements or implicit
indications. Phoenix Solar AG does not have the intention nor will it
undertake any obligation to realise forward-looking statements on an
ongoing basis or at a later point in time as this is entirely dependent on
circumstances prevailing on the day of their release.

In some countries, especially in the United States of America, the
dissemination of this press release and the information contained therein
may be restricted or prohibited under the law. This press release is
therefore expressly not intended for persons resident in the United States
of America or any other legal system under which such an offer or
solicitation is not permissible, or for persons for whom such an offer or
invitation would constitute a breach of the law.





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


18.09.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------

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

End of Announcement DGAP News-Service

---------------------------------------------------------------------------