The German system integrator saw its turnover grow significantly last year. For 2017, the company expects a further improvement.German solar developer Phoenix Solar AG has published its final results for fiscal year 2016. Last year, the company saw its revenue grow 16.6% to €139.2 million ($148.6 million).
Overall, the company installed 153.7 MW of new PV capacity in 2016, up 50% from a year earlier. Gross profit margin also grew to 12.6%. According to the company, this was mainly due to the restructuring and optimization measures implemented last year.
As for the operating result, the company was able to swing from a loss of €1.6 million ...Den vollständigen Artikel lesen ...