- Consolidated 2016 revenues increase 17%
- Positive EBIT result for the first time in several years
- Excellent gross margin driven by supply chain efforts, despite market price
declines
- Further strong revenue and earnings growth expected for 2017
Sulzemoos, Germany, March 31st, 2017 / Phoenix Solar AG (ISIN DE000A0BVU93), a leading international photovoltaic system integrator listed on the official market (Prime Standard) of the Frankfurt Stock Exchange, will issue its 2016 Annual Report today, attested by the independent auditor and adopted by the company’s Supervisory Board.
Revenues and Shipments
In the financial year 2016, Phoenix Solar AG generated consolidated revenues of €139.2 million (2015: €119.4 million) an increase of 16.6%. Total solar PV systems installations rose to 153.7 MWp (2015: 98.7 MWp)
Global Regions
The USA continued to be the Company’s strongest sales region in the 2016 financial year. Here we achieved sales revenues of €108.7 million, an increase of €10.7 million, or 11.0% (2015: €98.0 million). Sales growth would have been significantly higher had it not been for an eight month construction delay on one of our large- scale projects. The business in the USA generated a gross profit margin of 12.7% (2015: 7.5%), driven by a concerted effort to upgrade our supply chain team and related activities. The operating EBIT contribution from the US Region (segment result) amounted to €4.6 million (2015: €2.2 million), a major improvement in profitability in the Company’s core market. Supply chain, cost controls and pricing discipline all contributed to this result. The consolidated, weighted project sales pipeline for the US as of December 31st, 2016, was at 252 MWp.
- News
- Renewable News
- Solar
please download the PDF below.
More from across PES
Is China ready to put solar panels out at sea?
Solar farms in the ocean could generate clean energy on a vast scale, but there are difficult waters to navigate first. China is increasingly seeking to put solar panels on the seas off its coastline, with some state-run companies experimenting as far offshore as 30 kilometres. A global leader in renewable energy, China has already been… Read more »
GRS strengthens its presence in Australia with an additional 125 MW Solar Project
Gransolar’s EPC contractor, in partnership with Vena Energy, has launched commercial operations of the solar farm in Queensland Brisbane, April 17th.- GRS, the Gransolar Group’s solar EPC contractor, has announced a new milestone with the commercial operation of the first stage of solar it has built together with Vena Energy. The 125 MW Amazon… Read more »
Rio Tinto selects Alfa Laval OceanGlide fluidic air lubrication with a focus on advancing efficient shipping and reducing emissions
Alfa Laval will provide Rio Tinto, the world’s largest dry bulk shipper, with the OceanGlide fluidic air lubrication system. This innovative system enhances a ship’s propulsion efficiency and energy savings while sailing. Rio Tinto has selected the Alfa Laval OceanGlide fluidic air lubrication system for one of its bulk carriers, as part of its focus… Read more »
Novocycle Pioneers in Sustainable Lithium-Ion Battery Recycling at National Carbon Conference in Türkiye
During the prestigious 4th National Carbon Conference held from March 28th to 29th in Türkiye, Novocycle took center stage with groundbreaking results in Lithium-Ion battery recycling. Presenting under the compelling title “Novel Thermal Recovery of Recycled Graphite for Sustainable and Reliable Lithium-Ion Batteries,” Novocycle showcased their innovative NovoRec process, demonstrating remarkable success in the recovery… Read more »
New UK-US collaboration targets innovative UK support for floating wind technology in the United States
Applications open today (18 April 2024) for a unique project that could expand the US market for innovative UK companies developing technology which can help support the growing floating offshore wind market in the United States. The ‘UK-US Floating Offshore Wind Supply Chain Innovation Bilateral (FLOWB)’ supply chain programme brings together the Offshore Renewable Energy… Read more »
DNV and Indonesia’s PLN will collaborate on power grid resilience
A new DNV/PLN Memorandum of Understanding has been signed to cooperate on designing power-grid management systems for disaster recovery control in Indonesia The agreement supports PLN’s transformation strategy to become a technology and engineering leader. DNV brings in its extensive local and international experience of over 100 years in technical advisory work for power grid… Read more »
GE Vernova and Sonelgaz to expand capabilities at GEAT to enhance Algeria’s grid infrastructure
SolarEdge Technologies Signs the European Solar Energy Charter in Support of the EU Photovoltaic Sector
Australian Flow Batteries and The SCHMID Group Announce Groundbreaking Memorandum of Understanding
Online Magazine Reader
- Solar/PV
- Wind
- China