Phoenix Solar Aktiengesellschaft
- WKN: A0BVU9
- ISIN: DE000A0BVU93
- Land: Deutschland
Nachricht vom 23.10.2012 | 17:52
Phoenix Solar Aktiengesellschaft: Phoenix Solar AG revises revenue expectations for 2012; earnings expectations affirmed; outlook under review
Phoenix Solar Aktiengesellschaft / Key word(s): Development of Sales 23.10.2012 17:52 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Phoenix Solar AG revises revenue expectations for 2012; earnings expectations affirmed; outlook under review Sulzemoos 23 October 2012 / Based on preliminary figures for the third quarter of its financial year 2012 (30 September 2012), Phoenix Solar AG has revised its revenue expectations downward to between EUR 150 and 170 million for the current year. The company had previously anticipated consolidated revenues of EUR 210 to 240 million. The main cause of the lower volume of business was the problematic sales situation in the eurozone countries where uncertainty about the development of the economy and about the further promotion of photovoltaics in the summer resulted in considerable reticence on the part of investors. Thanks, however, to the successful restructuring of the company the loss before interest and taxes (EBIT) expected in the current year will not be greater than the figure recently released and will therefore be significantly lower than in 2011. As indicated, it will be between EUR 19 and 25 million. The current status of accounting at the end of the quarter shows that the company generated consolidated revenues of around EUR 125 million in the first nine months of the current financial year, resulting in a loss before interest and taxes of approximately EUR 18 million. The outlook for the new financial year will be reviewed in the process of drawing up the annual accounts and planning for 2013. The sustainability of the signs of an upswing in the business of the subsidiaries in important countries will need to be validated. Phoenix Solar AG has so far released the following figures for the financial year 2013: consolidated revenues of between EUR 280 and 310 million and an EBIT ranging from EUR -5 to 0 million. This is an English translation of the German original. Only the German version is binding. Disclaimer The content of this press release is solely for information purposes and is not intended to constitute a recommendation for investment or a solicitation to subscribe or an offer to buy or sell securities of the company. Phoenix Solar AG shall undertake no liability whatsoever for any loss in connection with this press release or the information made available. This also applies particularly to any eventual loss in connection with the shares of Phoenix Solar AG. This document contains forward-looking statements on future developments which are based on management's current assessment. Words such as 'anticipate', 'assume', 'believe', 'estimate', 'expect', 'intend', 'can/could', 'plan', 'project', 'forecast', 'should', and similar terms are indicative of such forward-looking statements. Such statements are subject to certain risks and uncertainties which are mainly outside the sphere of influence of Phoenix Solar AG, but which have an impact on the business activities, the success, the business strategy and the results. These risks and factors of uncertainty include, for instance, climatic change, changes in the state subsidisation of photovoltaics, the introduction of competitor products or technologies of other companies, the development of the planned internationalisation of business activities, fierce competition as well as rapid technological change in the photovoltaic market. If one of these or other factors of uncertainty or risks should occur, or if the assumptions underlying the statements should prove incorrect, the actual results may diverge substantially from the results in these statements or implicit indications. Phoenix Solar AG does not have the intention nor will it undertake any obligation to realise forward-looking statements on an ongoing basis or at a later point in time as this is entirely dependent on circumstances prevailing on the day of their release. In some countries, especially in the United States of America, the dissemination of this press release and the information contained therein may be restricted or prohibited under the law. This press release is therefore expressly not intended for persons resident in the United States of America or any other legal system under which such an offer or solicitation is not permissible, or for persons for whom such an offer or invitation would constitute a breach of the law. Contact: Phoenix Solar AG Dr. Joachim Fleing Investor Relations Representative Hirschbergstrasse 8 85254 Sulzemoos Germany Tel.: +49 (0)8135 938-315 Fax: +49 (0)8135 938-399 email@example.com www.phoenixsolar-group.com Local Court of Munich HRB 129117 Ust-ID Nr. DE 812868419 Board of Directors: Dr. Andreas Hänel (CEO), Dr. Bernd Köhler, Dr. Murray Cameron Head of Supervisory Board: J. Michael Fischl Contact: Phoenix Solar AG Dr. Joachim Fleing Investor Relations Representative Hirschbergstrasse 8 85254 Sulzemoos Germany Tel.: +49 (0)8135 938-315 Fax: +49 (0)8135 938-399 firstname.lastname@example.org www.phoenixsolar-group.com Local Court of Munich HRB 129117 Ust-ID Nr. DE 812868419 Board of Directors: Dr. Andreas Hänel (CEO), Dr. Bernd Köhler, Dr. Murray Cameron Head of Supervisory Board: J. Michael Fischl 23.10.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Phoenix Solar Aktiengesellschaft Hirschbergstraße 8 85254 Sulzemoos Germany Phone: +49 (0)8135-938-000 Fax: +49 (0)8135-938-099 E-mail: email@example.com Internet: www.phoenixsolar-group.de ISIN: DE000A0BVU93 WKN: A0BVU9 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München (m:access), Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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