- Strong revenue growth, positive EBIT and net profit for the quarter
- EBIT cumulative September at -0.4 million Euro, further
improvement in gross margin
- Proceeds from sale of Bâtisolaire 3 power plant used to repay liabilities; net debt reduced to 21 million Euro
- Free order backlog of more than 130 million Euros, weighted project pipeline grows to 286 MWp
- Dip in Q4: delay of projects into 2017; further revenue and earnings growth envisaged for next year
Sulzemoos, November 10th, 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 quarterly announcement as of September 30th, 2016.
Performance in the third quarter
The Phoenix Solar Group generated revenues of 55.0 million Euro over the period from July to September 2016 (Q3/2015: 42.4 million Euro), representing an increase of 29.7 percent. The third quarter of 2016 saw the delivery of systems with a total capacity of 54 MWp (Q3/2015: 33 MWp). The positive development is driven by all three major sales regions. The USA, Middle East and Asia-Pacific each generated their strongest quarterly sales revenues since the repositioning of the company solely towards the engineering, procurement and construction of photovoltaic power plants.
Phoenix Solar posts strong revenue growth, positive EBIT and net profit for the quarter
