Phoenix Solar AG reported consolidated earnings results for the full year of 2014. The net financial loss was EUR 5.1 million in the 2014 year was at the previous year's level against EUR 5.1 million in 2013. The consolidated net loss for the period attributable to shareholders stood at EUR 10.2 million against EUR 9.3 million in 2013. The cash outflow from operating activities amounted to EUR 3.9 million in 2014 against cash inflow of EUR 2.3 million in 2013.

Phoenix Solar anticipated significant growth in consolidated revenues which are projected to come in somewhere in the range of EUR 140 million to EUR 160 million (USD 150 million to USD 170 million) against EUR 33.8 million in 2014. The company assumes that it will be able to generate a positive operating result (EBIT) again in the range of EUR 1 million to EUR 3 million.