Phoenix Solar AG closes second quarter 2010 with a record result.
Upfront buying effects owing to cuts in feed-in tariffs result in highest quarterly sales and revenues since the founding of the company . Revenues rise by 145 percent to EUR 283.6 million; EBIT climbs to EUR 22.3 million .
Share of international business in revenues more than ten times higher than in the previous year’s quarter
Phoenix Solar AG, a leading photovoltaic system integrator listed on the German TecDAX, is today releasing its Interim Report as per 30 June 2010.
Strongest quarter in terms of sales and revenues since the founding of the company In the second quarter of the financial year, the volume of modules sold stood at just under 140 megawatt peak (MWp). This is an increase of 27 percent over the fourth quarter of 2009 which, up until now, was the quarter with the highest volume in the history of the company. In a year-on-year comparison, this growth came to just under 270 percent (Q2/2009: 38 MWp). As a result, the revenues of the Phoenix Solar Group totalled EUR 283.6 million, the equivalent of a 145.1 percent rise as against the previous year’s quarter (Q2/2009: EUR 115.7 million). Total revenues were attributable as follows: 56.6 percent to the Components & Systems segment and 43.4 percent to the Power Plants segment. The share of international business in total revenues rose significantly to 13.2 percent (EUR 37.3
million) as compared with 3.0 percent (EUR 3.5 million) in the previous year’s period.
The Components & Systems segment lifted revenues by 216.8 percent to EUR
160.6 million (Q2/2009: EUR 50.7 million) in the second quarter of 2010. The Power Plants segment generated a growth of 89.2 percent, raising revenues to EUR 123.0 million in the reporting quarter, up from EUR 65.0 million in the second quarter of 2009.
