PV systems integrator Phoenix Solar said it could report an EBIT loss for the full-year, due to the cancellation of a planned PV power plant project in Asia.
The company said that due to the unexpected project cancellation it expected to report an EBIT in the range of negative €1 million to a profit of around €1 million, while retaining revenue guidance at €140 million to €160 million for 2015.
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Phoenix Solar noted that its order backlog is expected to exceed €80 million in the third quarter, compared to €44.1 million in the prior year period.
The company had generated revenue of €39.8 million in the first half of 2015, 300% higher than the prior year period.