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Phoenix Solar AG remains below revised forecast for 2017 revenue and results

  • Market uncertainty in USA (201 trade case) and delays in project approvals lead to revenue shift
  • Revenue forecast reduced as a consequence; between EUR 90 million and EUR 110 million now expected for 2017
  • Operating result (EBIT) for 2017 forecast in a range between EUR -10 million and EUR -8 million

    Sulzemoos, October 24th, 2017 / Phoenix Solar AG (ISIN DE000A0BVU93), a leading international photovoltaic system integrator listed on the official market (Prime Standard) of the Frankfurt Stock Exchange, announces a further revision to its revenue and results forecast for the 2017 financial year.

    Phoenix Solar AG will generate consolidated revenues in a range between EUR 90 million and EUR 110 million in the 2017 financial year. On this base, the company will now achieve a consolidated operating result before interest and taxes (EBIT) of between EUR -10 million and EUR -8 million.

    In the forecast revised on August 9, 2017, the company still assumed consolidated revenues between EUR 140 million and EUR 160 million and EBIT between EUR -2.0 million and EUR 1.0 million. The company originally expected revenues to range between EUR 160 million and EUR 190 million (2016: EUR 139.2 million) and EBIT between

    EUR 1 million and EUR 3 million (2016: EUR 0.6 million).

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