Phoenix Solar Aktiengesellschaft reported preliminary consolidated earnings results for the year ended December 31, 2015. For the year, consolidated revenues reached approximately EUR 119 million compared to EUR 33.8 million a year ago. In 2015, an EBIT result (earnings before interest and taxes) was negative at EUR 1.6 million compared to EUR 4.6 million a year ago. The final revenues being slightly below forecast can be attributed to a delay in the construction start of some projects - revenues which will now be realized in 2016.

The company provided earnings guidance for the year 2016. For the year, the company is targeting consolidated revenues of EUR 180 million to EUR 210 million and EBIT in the range of EUR 2.0 million to EUR 4.0 million.