- Revenues of EUR 19.5 million (from continued operations: EUR 15.9 million), still below expectations
- Earnings before interest and taxes (EBIT) decline accordingly to EUR – 5.7 million (from continued operations: EUR – 6.8 million)
- Available order book exceeds EUR 40 million, positive outlook
- Negative Group equity; equity ratio of the parent company (AG) at 14.8 percent
Sulzemoos, 6 November 2014 / Phoenix Solar AG (ISIN DE000A0BVU93), a leading international photovoltaic system integrator listed in Prime Standard of the Frankfurt Stock Exchange, is today releasing its financial report on the first nine months of the financial year 2014. Revenues declined to EUR 19.5 million (Q1-Q3/2013: EUR 116.0 million), thereby remaining below budget, similar to the first half-year. Earnings before interest and taxes (EBIT) came in at EUR – 5.7 million (Q1-Q3/2013: EUR – 1.6 million). Continued operations following the disposal of the European O&M business generated EUR 15.9 million (Q1- Q3/2013: EUR 112.0 million). EBIT from continued operations therefore amounted to EUR – 6.8 million (Q1-Q3/2013: EUR – 3.1 million).
In the light of Phoenix Solar AG’s performance during the first nine months, the company now assumes that it will achieve revenues within a range of between EUR 45 million and EUR 55 million (2013: EUR 141.2 million). EBIT of EUR – 3 million to EUR – 4 million is anticipated (2013: EUR – 1.4 million).
