Company Releases

• Consolidated 2015 revenues triple versus 2014, significant earnings improvement, positive cash flow
  
• Positive net result on a quarterly basis in Q4
  
• Phoenix Solar expects strong revenue and earnings growth for 2016

• Banks show active support for new growth phase
  
• New financing volume of €101 million allows for continued international expansion

• 2015 revenues more than tripled, earnings significantly improved, EBIT slightly below forecast
  
• For 2016, strong revenue growth and continued profitability improvement planned
  
• Free order backlog at €195.7 million

• Eric Fleckten, General Manager Phoenix Solar Pte Ltd.
  

• New General Manager appointed
• 2.3 MWp rooftop PV system for major multinational aerospace company commissioned in Singapore
• Recently established Philippine subsidiary executing its first 700 kWp rooftop PV system

• Construction scheduled to start in Q1/2016
• Underscores Phoenix Solar’s strong position in growing US market

• New joint project with strategic partner Asunim
• Completion scheduled for end of February

One of the largest project portfolios in the state of Oklahoma with a total nominal output of 26.6 MWp DC

• Strong revenue growth to EUR 82.2 million – approximately 400 percent growth versus previous year period
• In Q3 positive EBIT at EUR 1.1 million; significant improvement in earnings per share, positive cash flow
• Strong free order backlog at EUR 85.5 million

• Marriott and Sheraton Hotels make use of advanced renewable energy regulations to reduce their CO2 footprint virtually to zero
• Largest photovoltaic project in the private sector in Jordan