Phoenix Solar AG Reports Consolidated Earnings Results for the Second Quarter and First Half Ended July 30, 2016; Provides Earnings Guidance For the Full Year of 2016
For the first half the company continues to anticipate revenue in a range between EUR 180 million and EUR 210 million for the 2016 financial year, and EBIT between EUR 2 million and around EUR 4 million. LBIT was EUR 2.4 million an improvement of 47.3% versus compared to EUR 4.6 million a year ago. Net loss for the period attributable to the shareholders stood at EUR 4.6 million compared to EUR 6.3 million a year ago. The loss per share was EUR 0.62 compared to EUR 0.85 per share a year ago.
For the full year the company expects revenues in the range of EUR 180 to EUR 210 million compared to EUR 119.4 million a year ago. Positive EBIT of EUR 2.0 to 4.0 million compared to loss before interest and tax of EUR 1.6 million for the full year 2016.