SULZEMOOS (dpa-AFX) - Phoenix Solar AG (PS4G) reported an operating loss of 4.6 million euros in 2014, compared to a loss of 1.4 million euros, prior year. Consolidated revenues declined to 33.8 million euros from 141.2 million euros.
The company said the decline in revenues and earnings compared to the 2013 financial year was already anticipated in the course of 2014. The company attributed last year's shortfall to delays in new orders which were pushed into 2015.
Phoenix Solar expects consolidated revenues in the range of 140 million euros to 160 million euros, and a return to positive earnings before interest and taxes (EBIT) in 2015.
Copyright RTT News/dpa-AFX