Heliocentris Energy Solutions AG revised sales guidance for the full year 2016. For the period, the company anticipates sales of only EUR 10 million to EUR 12 million. The company previously forecasted EUR 20 million to EUR 25 million. Despite the restructuring measures that have been initiated, the Management Board expects earnings for 2016 to be approximately at the previous year's level due to the shortfall in profit contributions from sales. The reason for the adjustment of the forecast is that incoming orders for turnkey solutions continue to fall short of expectations, in particular in Myanmar where the planned network extension has suffered significant delay due to the change in government.

For the first half of 2016, the group achieved sales of EUR 2.6 million against EUR 5.6 million a year ago. LBITDA achieved in the first half of 2016 is set to be EUR 8.2 million against EUR 7.9 million a year ago.