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Company Releases

The overview on this webpage contains all company releases on Phoenix Solar AG. It can be filtered according to ad-hoc releases or corporate news. For more announcements please go to "Press".

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Jun 23, 2015 New Chairman of Supervisory Board

• Annual General Meeting approves all motions of management by a large majority
• New Chairman appointed to the Supervisory Board
 

Jun 23, 2015 CEO Lays out Six Point Plan to Consolidate Turnaround

• Full year forecast of €140-160 Mio million sales revenues confirmed, with positive EBIT
• Benefits of restructuring and lower cost base have increased competitiveness
• With continued strong growth in the global solar industry in 2015 to over 50 GWp (est.), demand for experienced, international EPC partners such as Phoenix Solar remains healthy
 

May 11, 2015 Phoenix Solar to Build a 1.96 MWp Rooftop Photovoltaic System in Singapore

• Solar photovoltaic (PV) electricity to feed train depots starting from 2016
• With 8 MWp-scale systems in Singapore, Phoenix Solar Pte Ltd consolidates its leadership in large-scale PV in the island state

May 7, 2015 Phoenix Solar AG publishes 1Q 2015 results

• 1Q2015 Group sales revenues and EBIT down slightly versus pre-year, partly driven by divestiture of European O&M business
• New projects in core market USA in ramp-up phase, significant revenue growth expected in 2Q/3Q 2015
• Free order backlog was at €131 million as of March 31st, a dramatic improvement versus pre-year
• Full year 2015 forecast of €140-160 million revenue and return to positive EBIT is confirmed

Mar 31, 2015 Phoenix Solar AG presents its 2014 results

• Consolidated 2014 Revenue and Earnings Below Expectations
• Strong Growth - Driven by Utility-Scale Projects in the USA - Fills Order Book
• 2015 Revenues Expected to be Significantly Higher at EUR 140 to 160 million ($US 150 to 170 million)*)
• Phoenix Solar Expects Positive EBIT for 2015

Mar 26, 2015 Results of 2014 and Outlook

• Consolidated 2014 Revenue and Earnings Below Expectations
• Strong Growth - Driven by Utility-Scale Projects in the USA - Fills Order Book
• 2015 Revenues Expected to be Significantly Higher at EUR 140 to 160 million
   ($US 150 to 170 million)*)
• Phoenix Solar Expects Positive EBIT for 2015

Dec 19, 2014 Phoenix Solar appoints new CEO and CFO

• Tim P. Ryan to lead photovoltaic system integrator commencing 1 January 2015
• Manfred Hochleitner appointed CFO, also as of 1 January 2015
 

Dec 19, 2014 Phoenix Solar AG appoints new CEO

• Tim P. Ryan takes the lead at photovoltaic system integrator as of 1 January 2015
• Comprehensive experience in sales management and leadership of international businesses in the solar industry

Nov 13, 2014 Phoenix Solar Inc. Appoints Vice Presidents of Sales and Operations

• US subsidiary strengthens management team in pursuing its growth strategy

Nov 6, 2014 Phoenix solar publishes results for first nine months of 2014

• Revenues of EUR 19.5 million (from continued operations: EUR 15.9 million), still below expectations
• Earnings before interest and taxes (EBIT) decline accordingly to EUR - 5.7 million (from continued operations: EUR - 6.8 million)
• Available order book exceeds EUR 40 million, positive outlook
• Negative Group equity; equity ratio of the parent company (AG) at 14.8 percent

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