- Group revenues increase by 40 percent versus pre-year period, EBIT below expectations, strong cash inflow
- Free order backlog increases to € 60.6 million
- Forecast for 2017 confirmed with revenue growth to €160-€190
million and positive EBIT of €1-€ 3 million
Sulzemoos, May 11th, 2017 / Phoenix Solar AG (ISIN DE000A0BVU93), an international photovoltaic system integrator listed on the official market (Prime Standard) of the Frankfurt Stock Exchange, released its announcement today on results for the first quarter of the 2017 financial year.
In the first three months of 2017, the consolidated revenues of the Phoenix Solar Group increased by 40 percent to € 13.8 million (Q1/2016: € 9.9 million). This trend was mainly driven by the US market, the company’s core business which accounted for around 90 percent of the total turnover. Further revenue growth over the coming quarters is expected due to a growing project pipeline. The total volume of the weighted global project pipeline rose from 330 MWp to 350 MWp indicative of the company’s growth trend. It has to be noted, however, that a number of projects are reaching completion and will drop out of the M5 phase (“under construction”) of the pipeline. Shortlisted projects (weighting factors of between 30 and 70 percent) increased further to almost 90 MWp.
- News
- Press Releases
- Renewable News
- Solar
please download the PDF below.
More from across PES
Cornwall Insight release final forecast for July price cap
Cornwall Insight has announced its final forecast for the July – September Q3 2024 Default Tariff Cap (price cap) following the closure of the observation window1 on 16 May. For a typical dual fuel household2 we predict the July price cap to be £1,574 per annum. This is a fall of approximately 7% from the current… Read more »
Jan De Nul reaffirms belief in energy transition with order for new XL cable-laying vessel
Demand for subsea cables to support a global offshore energy transition is high. The Fleeming Jenkin, due for delivery in 2026, has already booked her first projects. Jan De Nul Group has installed 2,500 kilometres of submarine cables in 25 countries to date, playing a key role in that transition. The order for a new… Read more »
EnBW starts construction of XXL wind farm in the North Sea
The rotor of a wind turbine of the latest generation covers the area of six football fields. 64 of these gigantic buildings are intended to advance the energy transition in the North Sea. The Karlsruhe-based energy group EnBW is building the largest wind farm to date on the high seas in the North Sea , which will at… Read more »
Wind Power LAB launch lightning surveillance technology
Reducing wind turbine repair costs and operational downtime by more than 40% Danish-based Wind Power LAB (WPL) have launched an innovative lightning surveillance tool tailored to combat strike damages to wind farms through early detection of potential risk. The new Lightning Analysis Service, known as LASSIE, offers major cost savings in excess of 40% because… Read more »
FuelEU for thought: new regulation leaves DoC holder with fuel liabilities risk, says OceanScore
Implementation of the FuelEU Maritime regulation from 2025 presents an accountability dilemma for shipping as it is currently the Document of Compliance (DoC) holder that will be held responsible for fuel selection and could therefore face penalties – contrary to the ‘polluter pays’ principle, according to OceanScore. Shipping companies must start preparing now for the… Read more »
Winds of change: Ampelmann signs two E1000 systems to drive growth in Taiwan’s offshore wind market
Ampelmann, the Dutch offshore access provider, has signed a new contract for two E1000 systems to work in Taiwan onboard two multipurpose support vessels to provide accommodation and walk to work services for end client Vestas Taiwan. The E1000 systems have been signed to assist in turbine commissioning. This new contract reaffirms Ampelmann’s position in… Read more »
A Systematic Ground-Mounted PV solution: Easy to install thanks to aluminium and universal anchoring
VideoRay Awarded $92.6M US Navy Maritime Expeditionary Standoff Response (MESR) Production Contract for Mission Specialist Technology
Online Magazine Reader
- Solar/PV
- Wind
- China