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Ad-hoc Press Release pursuant to Section 15 German Securities Trading Act


Phönix SonnenStrom AG: Figures as per 30 June 2006

· Weather and one-off effects burden sales and profit
· Orders on hand at record level

Sulzemoos, 10 August 2006/ Phönix SonnenStrom AG (ISIN DE000A0BVU93) releases its financial data as per 30 June 2006 pursuant to IFRS. Sales in the period from January to June posted € 36.7 million as compared with € 43.9 million at the end of the second quarter of 2005, which is 16.4 percent lower year on year. The sales trend was impacted by the delay in the start of construction on power plant projects due to the long winter and the ongoing shortage of solar modules in the sector.

Despite special burdens owing to the switching of the accounting system to IFRS, with first-time consolidation at group level, the costs of admission to the official market (Prime Standard) of the Frankfurt Stock Exchange, as well as upfront costs incurred by the initiation of a 6.3 MWp project in Spain, Phönix SonnenStrom AG generated positive consolidated earnings before interest and tax (EBIT) of T€ 281 as compared with T€ 2,802 posted on 30 June 2005. Earnings before tax (EBT) came in at T€ 462 as against the year-earlier figure of T€ 2,800. In the period under review, consolidated profit after tax stood at T€ 192 (1-6/2005: T€ 1,812).

As per 30 June 2006, the company recorded a record level of orders on hand which came to € 41 million, representing an increase of more than 430 percent as compared with the previous year’s level of € 7.7 million. This high order level was primarily attributable to major orders in the Power Plant segment.

In the first half of 2006, Phönix SonnenStrom AG was successful in winning four new solar module suppliers: MSK and Mitsubishi in Japan, as well as the Chinese supplier companies Yingli and Trina. The company will now receive deliveries from a total of nine solar module manufacturers. Around two thirds of the solar modules expected in 2006 as a whole will be delivered in the second half of the year.

Based on the expected volume of modules and the outstanding level of orders, the Board of Directors has confirmed its sales forecast of € 140 million and that EBIT for the year 2006, net of special effects, will be higher as against previous years.

The Interim Report as at 30 June 2006 will be released on 24 August 2006.


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 currently has around 100 employees and generated sales of € 111 million in 2005. Phönix SonnenStrom AG designs, builds and operates large-scale photovoltaic plants and is a wholesaler of complete solar electricity plants, solar modules and components. As part of its internationalisation strategy, it acquired a participation in a solar company in Italy in January 2006, and in April 2006 it founded its Spanish subsidiary Phoenix Energía Solar. The shares of Phönix SonnenStrom AG (ISIN DE000A0BVU93) are traded on the official market/Prime Standard on the Frankfurt Stock Exchange.

Your Contact:

Phönix SonnenStrom AG
Hirschbergstraße 8
D-85254 Sulzemoos

Investor Relations
Anka Leiner
Tel. +49 (0)8135 938 - 315
Fax +49 (0)8135 938 - 399
E-Mail: Leiner@SonnenStromAG.de>Leiner@SonnenStromAG.de
Internet: http://www.SonnenStromAG.de

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