- Strong revenue growth to EUR 82.2 million – approximately 400 percent growth versus previous year period
- In Q3 positive EBIT at EUR 1.1 million; significant improvement in earnings per share, positive cash flow
- Strong free order backlog at EUR 85.5 million
Sulzemoos, November 5, 2015 / Phoenix Solar AG (ISIN DE000A0BVU93), a leading international photovoltaic system integrator listed in the Prime Standard of the Frankfurt Stock Exchange today publishes its financial report on the first nine months of fiscal 2015.
Performance in the first nine months
In the nine months of fiscal 2015, Phoenix Solar AG generated consolidated revenues of EUR 82.2 million, which is more than four times as much compared with the first nine months of fiscal 2014 (9M/2014: EUR 19.5 million) and over 100 percent more than in the full-year 2014. The growth of the business is largely attributable to an increase in revenues in the second and third quarters of fiscal 2015. The positive performance – driven above all by Phoenix Solar’s subsidiary in the USA – is in line with the company’s current forecast. Based on the current free order backlog revenues for the full year are anticipated to be achieved at the lower end of the EUR 140 million and EUR 160 million forecast range.
In the first nine months of the year, EUR 79.2 million of revenues were generated by the Power Plants Segment this segment (9M/2014: EUR 7.0 million). Following significantly weaker business trends, especially in France and Southeast Asia, EUR 3.0 million of revenues were attributable to the Components & Systems Segment (9M/2014: EUR 12.5 million).
