• Group revenues double versus pre-year period, EBIT slightly improved, strong cash inflow
• Free order backlog was at €189 million
• Forecast for 2016 confirmed
• Sale of a non-core asset initiated
Sulzemoos, May 4th, 2016 / Phoenix Solar AG (ISIN DE000A0BVU93), an international photovoltaic system integrator listed on the Prime Standard of the Frankfurt Stock Exchange, released its announcement today on the first quarter of the 2016 financial year.
In the first three months of 2016, Phoenix Solar AG generated € 9.9 million of consolidated revenues, (Q1/2015: € 4.9 million). After concluding several large-scale projects at the start of the quarter newly acquired projects are just entering their ramp-up phase, with accelerated revenue growth to be realized beginning in the second quarter.
