• Strong revenue growth to € 53.3 million, 34 percent growth vs. pre-year
• Operating breakeven in Q2, six months’ EBIT at € -2.4 million, positive operating cash flow and improved gross margin
• Free order backlog more than € 180 million, weighted project pipeline at 235 MWp
• 2016 sales revenue and EBIT guidance maintained
Sulzemoos, August 4, 2016 / Phoenix Solar AG (ISIN DE000A0BVU93), a leading international photovoltaic system integrator listed on the official market (Prime Standard) of the Frankfurt Stock Exchange, today published its financial report for the first six months of fiscal 2016.
Performance in the first half year
In the first half year of fiscal 2016, Phoenix Solar AG generated consolidated revenues of € 53.3 million, an increase of 34.1 per cent vs. the first six months of fiscal 2015 (H1/2015: € 39.8 million). The positive performance – driven by Phoenix Solar’s subsidiary in the USA as well as strong growth in the Middle East region – is in line with the company’s current forecast.
