Home > News
News
Phoenix Solar AG Publishes H1 2014 Results
Date£º2014/8/20
August 14, 2014 - Phoenix Solar AG has today presented its report on the first half of the 2014 financial year. Revenues dropped to EUR 12.1 million (H1/2013: 68,4 million). While the revenue for the first quarter still had been in line with our expectations, the figure for the second quarter and the first half year as a whole is below our planning. Operating earnings before interest and taxes (EBIT) amounted to EUR -3.3 million (H1/2013: EUR -3.8 million). In view of the business development over the first six months of the current financial year Phoenix Solar AG is now assuming that the Group in the 2014 financial year will report revenues in a range between EUR 70 million and EUR 100 million (2013: EUR 141.2 million). Earnings before interest and taxes (EBIT) are expected in a range of EUR 0 to 3 million (2013: EUR -1.4 million).
H1 business trends
Phoenix Solar achieved EUR 12.1 million of consolidated revenue during the first six months of 2014 (H1/2013: EUR 68.4million), representing a decrease of 82.4 percent. This decline arises mainly from significant delays in planned order intake in the USA.
Of these revenues, 14.0 percent were attributable to business in Germany (H1/2013: 21.0 percent), and 86.0 percent to foreign markets (H1/2013: 79.0 percent).
The Components & Systems segment achieved revenues of EUR 8.1 million in the first half of 2013 (H1/2013: EUR 44.7 million), down 81.9 percent in a year-on-year comparison. The Power Plants segment delivered revenues of EUR 3.9 million (H1/2013: EUR 23.7 million), reflecting a decrease of 83.5 percent. In terms of total half-yearly revenue, 67.5 percent was consequently attributable to the Components & Systems segment (H1/2013: 65.4 percent), and 32.5 percent to the Power Plants segment (H1/2013: 34.6 percent).
Consolidated earnings before interest and tax (EBIT) stood at EUR - 3.3 million in the first half of the year (H1/2013: EUR - 3.8 million). In the previous year this amount comprised provisions of EUR 1.9 million for severance payments in connection with the restructuring. The EBIT margin (ratio of EBIT to revenue) declined to - 27.6 percent (H1/2013: - 5.6 percent).
After taxes, the company generated a consolidated net loss attributable to the parent company shareholders of EUR -6.4 million (H1/2013: EUR - 7.5 million). Calculated on an average number of 7,372,700 shares, basic earnings per share stood at EUR - 0.86 (H1/2013: EUR - 1.02).
Second-quarter business trends
The Phoenix Solar Group generated revenue of EUR 5.5 million in the second quarter of 2014 (Q2/2013: EUR 37.9 million), representing an EUR 32.4 million, or 85.5 percent, year-on-year decline. 16.7 percent of these revenues were attributable to business in Germany (Q2/2013: 7.4 percent), while 83.3 percent were generated on foreign markets (Q2/2013: 92.6 percent).
EBIT amounted to EUR - 1.1 million in the second quarter of 2014 (Q2/2013: EUR + 0.4 million).
Company | Download Center |Recruitment | Contact
Copyright 2009-2012 NewSun PV technology Co.,LTD.|ÔÁICP±¸15011510ºÅ