Phoenix Solar Aktiengesellschaft / Half Year Results
07.08.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Phoenix Solar AG achieves sharp increase in revenue and EBIT in the second
quarter of 2008
- Total revenues climb to EUR 110.2 million
- EBIT rises to EUR 11.2 million
Sulzemoos 07 August 2008 / According to the preliminary figures as per 30
June 2008, Phoenix Solar AG (ISIN DE000A0BVU93), a leading international
photovoltaic systems integrator listed on the TecDAX, has achieved strong
growth rates in comparison with the previous years period.
In the period from 1 April to 30 June 2008, the Phoenix Solar Group lifted
total revenues substantially, both in its domestic and international
business, to EUR 110.2 million, which is an increase of 152 percent
(Q2/2007: EUR 43.8 million). Earnings before interest and taxes (EBIT)
climbed 1,144 percent to EUR 11.2 million, up from EUR 0.9 million, as
against the second quarter of 2007. The EBIT margin (the ratio of EBIT to
sales) of 10.2 percent was the highest ever posted in a second quarter
(Q2/2007: 2.2 percent).
In the first half-year of 2008, total sales of the Group thus rose 158
percent to EUR 151.8 million (H1/2007: EUR 58.8 million) in comparison with
the year-earlier period. The share of international business in sales stood
at almost 51 percent at the end of six months (H1/2007: 23 percent). EBIT
soared to EUR 11.5 million in the first half-year (H1/2007: EUR -0.52
million). The EBIT margin for the first six months came to 7.6 percent
(H1/2007: -0.9 percent).
Orders on hand of EUR 230 million as per 30 June 2008 are 107 percent
higher than the previous years figure of EUR 111 million.
Against the background of the Groups performance in the first six months,
the Board of Directors does not preclude the possibility of its guidance
for the financial year 2008 being exceeded.
The Interim Report as per 30 June 2008 will be released on 14 August 2008
and can be downloaded from the company web site at www.phoenixsolar.com
under the heading Investor Relations, Financial Reports.
Disclaimer
The content of this press release is solely for information purposes and is
not intended to constitute a recommendation for investment or a
solicitation to subscribe or an offer to buy or sell securities of the
company. Phoenix Solar AG shall undertake no liability whatsoever for any
loss in connection with this press release or the information made
available. This also applies particularly to any eventual loss in
connection with the shares of Phoenix Solar AG.
This document contains forward-looking statements on future developments
which are based on managements current assessment. Words such as
'anticipate', 'assume', 'believe', 'estimate', 'expect', 'intend',
'can/could', 'plan', 'project', 'forecast', 'should', and similar terms are
indicative of such forward-looking statements. Such statements are subject
to certain risks and uncertainties which are mainly outside the sphere of
influence of Phoenix Solar AG, but which have an impact on the business
activities, the success, the business strategy and the results. These risks
and factors of uncertainty include, for instance, climatic change, changes
in the state subsidisation of photovoltaics, the introduction of competitor
products or technologies of other companies, the development of the planned
internationalisation of business activities, fierce competition as well as
rapid technological change in the photovoltaic market. If one of these or
other factors of uncertainty or risks should occur, or if the assumptions
underlying the statements should prove incorrect, the actual results may
diverge substantially from the results in these statements or implicit
indications. Phoenix Solar AG does not have the intention nor will it
undertake any obligation to realise forward-looking statements on an
ongoing basis or at a later point in time as this is entirely dependent on
circumstances prevailing on the day of their release.
In some countries, especially in the United States of America, the
dissemination of this press release and the information contained therein
may be restricted or prohibited under the law. This press release is
therefore expressly not intended for persons resident in the United States
of America or any other legal system under which such an offer or
solicitation is not permissible, or for persons for whom such an offer or
invitation would constitute a breach of the law.
Contact:
Phoenix Solar AG
Anka Leiner
Investor Relations
Hirschbergstraße 8
D-85254 Sulzemoos
Tel. +49 (0) 8135 938-315
Fax: +49 (0) 8135 938-399
a.leiner@phoenixsolar.de
www.phoenixsolar.de
Amtsgericht München HRB 129117
Ust-ID Nr. DE 812868419
DGAP 07.08.2008
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Language: English
Issuer: Phoenix Solar Aktiengesellschaft
Hirschbergstraße 8
85254 Sulzemoos
Deutschland
Phone: +49 (0)8135-938-000
Fax: +49 (0)8135-938-099
E-mail: kontakt@phoenixsolar.de
Internet: http://www.phoenixsolar.de
ISIN: DE000A0BVU93
WKN: A0BVU9
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Hamburg, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: Phoenix Solar Aktiengesellschaft achieves sharp increase in revenue and EBIT in the second quarter of 2008
| Source: EQS Group AG