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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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Dec 8, 2017 Phoenix Solar AG is forced to file for insolvency
  • Reimbursement claims exceed financial capabilities
Nov 9, 2017 Phoenix Solar AG presents its figures for the third quarter of 2017
  • Group revenue (January through September 2017) at €63.5 million, EBIT: €-9.3 million
  • Both the weighted global project pipeline at 608 MWp and the free order backlog at €225.3 million reach new record levels- sound basis for new growth in 2018
  • Tenure of Group CEO Tim P. Ryan extended
  • 2017 full year guidance lowered, however: sales revenue now expected in a range of €90 million and 110 million and EBIT in a range of €-10 million and €-8 million
Oct 30, 2017 Tim P. Ryan confirmed as Phoenix Solar CEO
  • Tim P. Ryan's tenure as Group CEO at Phoenix Solar extended for another year until December 31st, 2018
  • Investments in the global sales team and process paying off - weighted project pipeline now at some 600 MWp and free order backlog at €225 million
  • The Phoenix Solar Supervisory Board expresses confidence in growth potential for 2018
Oct 24, 2017 Phoenix Solar AG below revenue and earnings forecast for 2017
  • Market uncertainty in USA (201 trade case) and delays in project approvals lead to revenue shift
  • Revenue froecast reduced as a consequence, between EUR90 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
Aug 10, 2017 Phoenix Solar AG presents its figures for the first half of 2017
  • Substantial order intake in July: weighted global project pipeline reaches more than 500 MWp
  • Revenue for the first half year at €42.4 million
  • Shipments increased slightly to 66 MWp vs. 63 MWp in H1/2016
  • Gross margin stable at 10.4%; EBIT for the six months at €-7.0 million significantly lower than expected
  • 2017 guidance lowered: sales revenue now expected in a range of €140 million and €170 million and EBIT in a range of €-2.0 million and €1.0 million
Aug 9, 2017 Phoenix Solar AG below revenue and earnings forecast for 2017
  • 2017 revenue forecast lowered: now expected to reach €140 million to €170 million due to delay of order intake
  • Operating result (EBIT) will be in a range of between €-2.0 million and €1.0 million
Jul 27, 2017 Phoenix Solar Awarded Contract for Photovoltaic Power Plant of 39.5 MWp in Australia
  • First project in Australia, joint venture with WBHO
  • Notice to proceed scheduled for August 2017
  • Phoenix Solar's APAC region poised for continued growth in 2017 and beyond
Jun 20, 2017 Phoenix Solar presents strong project pipeline
  • Weighted global project pipeline increases markedly to 444 MWp
  • Growth primarily driven by the US market
  • Oliver Gosemann und Hans-Gerd Füchtenkort re-elected as Members of the Supervisory Board - Oliver Gosemann continues as Chairman
May 11, 2017 Phoenix Solar AG announces Q1/2017 results
  • Group revenues increase by 40 percent versus pre-year period, EBIT below expectations, strong cash inflow
  • Free order backlog increases to €60.6 million
  • Forecast for 2017 confirmed with revenue growth to €160-€190 million and positive EBIT of €1-€3 million
Mar 31, 2017 Phoenix Solar Presents Growth and a Return to Operating Profit for the Financial Year 2016
  • Consolidated 2016 revenues increase 17%
  • Positive EBIT result for the first time in several years
  • Excellent gross margin driven by supply chain efforts, despite market price declines
  • Further strong revenue and earnings growth expected for 2017

309 entries found

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