Phoenix Solar AG revised earnings guidance for the full year of 2015. For the year, the company will achieve an operating result before interest and taxes (EBIT) below the result anticipated to date. The reason for the correction is the unexpected cancellation by a customer of a major solar power plant in Asia.

This photovoltaic power plant will now no longer be built. The company assumed to date that consolidated sales revenues between EUR 140 million and EUR 160 million would generate a positive result before interest and tax (EBIT) of between EUR 1 million and EUR 3 million. While the revenue forecast is confirmed, EBIT is now expected to fall within the range of negative EUR 1 million and EUR 1 million.

The company assumes at the same time that mid-term this cancellation will not diminish its business prospects.