Phoenix Solar Aktiengesellschaft reported consolidated earnings results for the year 2014. The company has recorded consolidated revenues of EUR 33.8 million in its 2014 financial year against EUR 141.2 million a year ago. Operating loss amounted to EUR 4.6 million against EUR 1.4 million a year ago. 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. The complete 2014 financial statements of the Group will be published on March 31, 2015 as planned.

The company expects consolidated revenues in the range of EUR 140 to EUR 160 million and a return to positive earnings before interest and taxes (EBIT) in 2015.