Phoenix Solar AG experienced large increase in sales and EBIT at the close of the second quarter. On the basis of the high order intake, especially from abroad, the Board of Directors has raised its guidance for sales generated abroad from EUR 40 to EUR 60 million for the year as a whole.
From 1 April until 30 June, the Phoenix Solar Group achieved sales of EUR 43.78 million in Germany and abroad, which is more than double the previous year’s figure of EUR 21.44 million. Sales are split between the Components & Systems and Power Plants segments which posted EUR 25.37 million (Q2/2006: EUR 12.45 million) and EUR 18.41 million (Q2/2006: EUR 8.93 million) respectively.
Earnings before interest and taxes (EBIT) came to EUR 0.94 million in the second quarter and is thus almost six times the year-earlier figure (Q2/2006: EUR 0.16 million). The EBIT margin, which is the ratio of EBIT to sales, posted 2.15 percent in the second quarter (Q2/2006: EUR 0.75 percent).
In the first half-year, total sales of the Group rose by 60 percent to EUR 58.81 million as against the previous year’s figure (H1/2006: EUR 36.73 million), of which around 23 percent, which corresponds to EUR 13.44 million, were accounted for by international sales. As against the previous year’s period, international operations grew by 354 percent (H1/2006: EUR 2.96 million).
In the first six months, the Components & Systems segment generated sales of EUR 36.76 million (H1/2006: EUR 27.38 million), and the Power Plants segment EUR 22.05 million (H1/2006: EUR 9.26 million). EBIT stood at minus EUR 0.56 million in the first six months (H1/2006: EUR 0.28 million). The EBIT margin posted minus 0.95 percent in the first half year (H1/2006: EUR 0.76 percent).
In terms of orders in hand, the Group recorded the highest level in the history of the company. As compared with EUR 40.9 million on 30 June 2006 the order book on 30 June 2007 stood at EUR 110.8 million. Of this amount, EUR 45.4 million was generated by the Components & Systems segment and EUR 65.4 million by the Power Plants segment. Orders on hand from international business posted EUR 56.2 million.
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