Building on its success in the first half of the year, German solar company Phoenix Solar has posted impressive third quarter results, with yearly increases across the board. While the company sees this as a springboard for future success, it has warned that previous forecasts for the fourth quarter have had to be revised down due to a delay in two large projects. As a clear indication of the company's growth, Phoenix posted a 29.7% increase in revenues from the same period last year, totaling EUR 55 million, up from EUR 42.4 million in Q3 2015. Unsurprisingly, this translated into a steady increase in the capacity of systems delivered, up to 54 MWp in the quarter from 33 MWp last year. The company said that growth came in all the major sales regions of U.S., Middle East, and Asia-Pacific. But this rise would mean little if it couldn't be translated into improving EBIT and gross margin figures, which, in Phoenix's case it did. In fact, the company's EBIT for the quarter was back in profit, recording EUR 0.2 million, up EUR 0.9 million from the EUR -0.7 posted in Q3 2015. Gross margin rose from ...Den vollständigen Artikel lesen ...