Company profit of Ph

Sulzemoos, 25 October 2005 / In the first nine months of the current financial year, Phönix SonnenStrom AG (ISIN DE000A0BVU93) generated sales of EUR 64.2 million, EBIT stood at EUR 4.0 million, and the profit for the period reached EUR 3.4 million. The Board of Directors has therefore raised its EBIT forecast again for the financial year as a whole.

As compared with the previous-year period, sales rose 35 percent, up from EUR 47.4 million to EUR 64.2 million, which means that the level of annual sales in 2004 (EUR 67.2 million) has virtually been already achieved within the first nine months.

EBIT soared 145 percent to EUR 4.05 million (Jan. - Sept. 2004: EUR 1.65 million). Profit for the period came to EUR 3.39 million (Jan. - Sept. 2004: EUR 1.53 million). With a total of 5,525,000 issued shares, earnings per share were EUR 0.61 (Jan. - Sept. 2004: EUR 0.30). The EBIT margin, which is the ratio of EBIT to sales, climbed to 6.3 percent in the period from January to September (Jan. - Sept. 2004: 3.5 percent), thus reaching the highest level in the company's history.

Owing to the positive sales and profit trend seen in the third quarter and the full order book for the fourth quarter in which, among other orders, the two large-scale photovoltaic power plants "Miegersbach" and "Reußenköge" will be completed, the Board of Directors has once again revised its forecast upwards for 2005. Given a 40 percent growth in sales, EBIT is expected to at least double in a year-on-year comparison.

Whereas Phönix SonnenStrom AG has so far drawn up its accounts under the German Commercial Code (HGB), the annual financial statements for 2005 will be prepared for the first time pursuant to the criteria laid down by the International Financial Reporting Standards (IFRS). The company thus continues to align itself with the requirements of the international capital market.

Download Business performance key data from 01/01/2005 through 30/09/2005 Accounts drawn up under the German Commercial Code (HGB)


This is an English translation of the German original. Only the German version is binding.

About Phönix SonnenStrom AG:
Phönix SonnenStrom AG, based in Sulzemoos near Munich, is a leading systems supplier in the German and European photovoltaic sectors. The company designs and builds large-scale photovoltaic plants and operates as a wholesaler of complete solar electricity plants, solar modules and components. Phönix SonnenStrom AG is represented throughout Germany through its own sales network and has a pan-European dealer network. The subsidiary Phönix Projekt & Service AG offers comprehensive services for solar funds. Since June 2005, Phönix SonnenStrom AG has taken its place among the winners of the "Bayerns Best 50" award, which makes it one of Bavaria's fastest growing companies. The shares of the company (ISIN DE000A0BVU93) have been traded over the counter on the stock exchanges of Munich, Frankfurt am Main, Berlin / Bremen and Stuttgart since 18 November 2004. Since 1 July 2005, the company has been listed on the M:access quality segment of the Munich Stock Exchange.


For more information please contact:

Phönix SonnenStrom AG
Investor Relations
Anka Leiner
Hirschbergstraße 8
D-85254 Sulzemoos
Tel.: +49 (0) 81 35 - 938-315
Fax: +49 (0) 81 35 - 938-399
e-mail: Leiner@SonnenStromAG.de>Leiner@SonnenStromAG.de
http://www.SonnenStromAG.de

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