• 2015 revenues more than tripled, earnings significantly improved, EBIT slightly below forecast
• For 2016, strong revenue growth and continued profitability improvement planned
• Free order backlog at €195,7 million
Sulzemoos, March 10, 2016 – Phoenix Solar AG (ISIN DE000A0BVU93), a leading international photovoltaic system integrator, listed in the Prime Standard of the Frankfurt Stock Exchange, today released its preliminary financials on the fiscal year 2015 (as of December 31st, 2015) and its forecast for the new year 2016. The results have yet to be audited.
According to the preliminary 2015 figures, consolidated revenues reached approximately €119 million (2014: €33.8 million), an improvement of some 250 percent. In 2015, an EBIT result (earnings before interest and taxes) of €-1.6 million was achieved in the fiscal year now ended versus a 2014 final figure of €-4.6 million; it should be noted that EBIT in 2014 was €- 9.1 million if a one-time gain on the sale of a business in 2014 is excluded. Revenues and earnings were thus slightly below the most recent guidance from last fall, which at the time predicted revenues of €140 million and EBIT in the range of €1.0 million to €-1.0 million. The final revenues being slightly below forecast can be attributed to a delay in the construction start of some projects – revenues which will now be realized in 2016.
