Phoenix Solar revises 2012 revenue expectations

Facebook
Twitter
LinkedIn
Reddit
Email

Phoenix Solar has amended its revenue expectations for its 2012 financial year with revenue expected to drop to between €150 and €170 million (US$194 to US$200 million) for the year.

Previous estimates by the company had its yearly consolidated revenue to range between €210 and €240 million (US$272 and US$310 million), but Phoenix Solar cited lower business volume and challenging sales in Eurozone countries leading it to re-evaluate its projected revenue earnings. The company did note that as a result of its restructuring, its loss before interest and taxes  (EBIT) for the year will remain between €19 and €25 million (US$25  and US$32 million); a figure lower than 2011.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The company further pointed out that current accounting shows its consolidated revenues for the first nine months of 2012 to total around €125 million (US$162 million). It plans to review its outlook for 2013, but currently expects revenues for next year to range between €280 and €310 million (US$362 and US$400million) with an EBIT between €-5 to €0 million.

 

Do you have an opinion on this article?  Share your views with the industry on our Solar Power Portal  LinkedIn group.

Read Next

September 17, 2025
US renewables developer Longroad Energy has reached financial close for its 400MW 1000 Mile solar project in the US state of Texas.
September 17, 2025
Spanish renewables developer and operator Acciona Energía has commissioned its 412MWp Juna solar PV plant in Kawani village in the western state of Rajasthan. 
September 17, 2025
Spanish IPP Velto Renewables has acquired a portfolio of 53 operational solar assets in Spain with a combined capacity of 260MW.
September 17, 2025
Struggling Swiss solar manufacturer Meyer Burger has formally entered into a debt moratorium, with the possibility of rescuing the entire group now looking unlikely.
September 17, 2025
Nexamp has secured US$350 million through a long-term financing facility to expand its 6GW utility-scale solar and battery storage pipeline in the US. 
September 17, 2025
Chinese module producer DAS Solar is planning a 5GW manufacturing facility focused on producing high-efficiency back contact cells.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA