Phoenix Solar AG (PS4.DE), a leading international photovoltaic systems integrator, reported total sales of EUR 132.0 million for the nine-month period ending September 30, 2007, up from last year’s figure of EUR 65.3 million – an increase of 102%.
The company says international business generated sales of EUR 36.2 million, making up 27.4% of total sales revenues.
EBIT stood at EUR 8.98 million – 407% higher than the same nine-month period in 2006. The EBIT margin was 6.80%, as compared with 2.71% last year.
The company reported consolidated net income of EUR 5.40 million for the period, topping its 2006 figure by 361% (January to September 2006: EUR 1.17 million).
The company reported a record backlog of orders, as of September 30, totaling EUR 133.5 million. Orders on hand from domestic business and from international business totalled EUR 75.8 million and EUR 57.7 million respectively.
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