• Consolidated 2015 revenues triple versus 2014, significant earnings improvement, positive cash flow
• Positive net result on a quarterly basis in Q4
• Phoenix Solar expects strong revenue and earnings growth for 2016
Sulzemoos, Germany, March 30th, 2016 / Phoenix Solar AG (ISIN DE000A0BVU93), a leading international photovoltaic system integrator listed in the Prime Standard of the Frankfurt Stock Exchange, will today issue its 2015 Annual Report, attested by the independent auditor and adopted by the company’s Supervisory Board.
In the financial year 2015, Phoenix Solar AG more than tripled its consolidated revenues to €119.4 million (2014: € 33.8 million). Total solar PV systems installations rose to 98.7 MWp (2014: 28.9 MWp). In the fourth quarter of its 2015 financial year, Phoenix Solar also achieved positive net earnings on a quarterly basis.
