Home Quarter Results Phoenix Solar AG publishes results for 1H2016
Phoenix Solar AG publishes results for 1H2016

Phoenix Solar AG publishes results for 1H2016

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Phoenix Solar AG , a leading international photovoltaic system integrator listed on the official market (Prime Standard) of the Frankfurt Stock Exchange, today published its financial report for the first six months of fiscal 2016. Performance in the first half year

In the first half year of fiscal 2016, Phoenix Solar AG generated consolidated revenues of € 53.3 million, an increase of 34.1 per cent vs. the first six months of fiscal 2015 (H1/2015: € 39.8 million). The positive performance – driven by Phoenix Solar’s subsidiary in the USA as well as strong growth in the Middle East region – is in line with the company’s current forecast.

In the first six months, the Power Plants segment contributed revenues of € 52.1 million (H1/2015: € 36.8 million) while the Components & Systems segment achieved revenues of € 1.2 million (H1/2015: € 2.9 million. The Power Plants segment thus accounted for 97.8 percent (H1/2015: 92.6 percent) of total revenue and the Components & Systems 2.2 percent (H1/2015: 7.4 percent).

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Anand Gupta Editor - EQ Int'l Media Network

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