Ph

Phönix SonnenStrom AG: preliminary figures for the financial year 2006

- Sales and profit in line with the revised forecast
- Strong growth on international markets

Sulzemoos, 14 March 2007 / Phönix SonnenStrom AG (ISIN DE000A0BVU93), a leading international photovoltaic systems supplier today releases the preliminary key data of the consolidated financial statements for the financial year 2006. The consolidated figures are within the range of the revised forecast from November 2006.

In the period from January to December 2006, the Phönix SonnenStrom Group generated total sales of EUR 119 million, which is an increase of EUR 7.9 million, or 7.1 percent, as compared with the previous year’s figure. Earnings before interest and tax (EBIT) and including special effects, stood at EUR 4.8 million, and were nearly EUR 3 million below the previous year’s figure (2005: EUR 7.7 million). Among other factors, one-off special effects burdened the result: Changing the Group’s accounting methods to the International Financial Reporting Standards (IFRS) and switching from the unregulated to the regulated stock market segment (Prime Standard), incurred costs in excess of several hundred thousand euros. The EBIT margin (the ratio of EBIT to sales) came to 4.0 percent in the financial year 2006 (2005: 6.9 percent). In the reporting period, the preliminary consolidated profit after tax was EUR 3.0 million, down from EUR 4.95 million in 2005. Given an average 5.55 million shares in the financial year, earnings per share came to EUR 0.55 as per 31 December 2006.

Business was particularly successful in the international markets where total sales soared by almost 127 percent in 2006. International sales contributed a total of around EUR 14 million, or approximately 12 percent, to total sales. The Group thus exceeded its target of achieving 10 percent of sales in the international markets in the reporting year. The Power Plant Division, which implements large-scale photovoltaic plants, grew significantly. Sales rose by 47,37 percent to EUR 56 million in 2006, up from EUR 38 million in the previous year.

In the fourth quarter alone, the Group generated EUR 54 million, which is more than 45 percent of the total sales of 2006. EBIT in the period from October to December 2006 posted EUR 3.01 million (fourth quarter 2005: EUR
3.7 million). In the fourth quarter of 2006, the EBIT margin came to 5.6 percent (fourth quarter 2005: 8.1 percent).

The Board of Directors of Phönix SonnenStrom AG confirmed its sales forecast of EUR 200 million for the current financial year. Of this amount, 20 percent are to be generated abroad. Module volumes between 60 and 70 megawatts are available to the group in 2007, of which around 50 percent are thin-film modules. Phönix intends to achieve an EBIT of around EUR 9 million and a planned EBIT margin of 4.5 percent. In the year 2008, the Board of Directors assumes that the expansion of the Group will be above the expected global market growth.

The Annual Report containing the 2006 consolidated financial statements will be released on 26 April 2006, and can be downloaded from the company website under www.SonnenStromAG.de under the heading Investor Relations, Financial Reports.


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


Reproduction permitted; please send a specimen copy.

About Phönix SonnenStrom AG

Phönix SonnenStrom AG, based in Sulzemoos near Munich, is a leading photovoltaic systems supplier. In the financial year 2006, the Phönix SonnenStrom Group generated sales of EUR 119 million (provisional figure) in Germany and abroad. Phönix SonnenStrom AG designs, builds and operates large-scale photovoltaic plants and is a wholesaler of complete solar electricity plants, solar modules and components. The Group is a market leader in photovoltaic systems technology. The focus of its activities is on the consistent reduction of system costs. With a sales network covering the whole of Germany, and subsidiaries in Spain and Singapore, as well as a participation in Italy, the Group currently has over 100 employees. The shares of Phönix SonnenStrom AG (ISIN DE000A0BVU93) are listed on the regulated market (Prime Standard) on the Frankfurt stock exchange.


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. Phönix SonnenStrom AG shall undertake no liability whatsoever for any loss in connection with this press release or the information contained therein.
This also applies particularly to any eventual loss in connection with the shares of Phönix SonnenStrom 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 Phönix SonnenStrom 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 photo-voltaic 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. Phönix SonnenStrom 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.


Your Contact:

Phönix SonnenStrom AG
Hirschbergstraße 8
D-85254 Sulzemoos

Anka Leiner
Investor Relations
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

Sprache:

Online-Pressemappe - alle Pressemitteilungen der Ph | RSS-Feed abonnieren

---

Pressebilder nur für die redaktionelle Verwendung
Hinweis: Für den Inhalt der Pressemitteilung ist der Emittent / Herausgeber der Meldung »Ph« verantwortlich.