Phoenix Solar AG Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2016; Provides Earnings Guidance for the Year 2017
The company anticipates solid growth in consolidated revenues and earnings going forward. 2017 foresees a revenue projection in the range of EUR 160 million to EUR 190 million compared to EUR 139.2 million a year ago. To achieve this, the company is planning projects with a total volume of between 180 MWp and 220 MWp compared to 153, 7 MWp a year ago. The company is thus projecting a positive operating result (EBIT) in the range of EUR 1.0 million to EUR 3.0 million.