Figures as per 30 June 2006

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Figures as per 30 June 2006 [ PDF | 108.04kb ]

Weather and one-off effects burden sales and profit
Orders on hand at record level

Sulzemoos, 10 August 2006/ Phönix SonnenStrom AG (ISIN DE000A0BVU93) releases its financial data as per 30 June 2006 pursuant to IFRS. Sales in the period from January to June posted € 36.7 million as compared with € 43.9 million at the end of the second quarter of 2005, which is 16.4 percent lower year on year. The sales trend was impacted by the delay in the start of construction on power plant projects due to the long winter and the ongoing shortage of solar modules in the sector.

Despite special burdens owing to the switching of the accounting system to IFRS, with first-time consolidation at group level, the costs of admission to the official market (Prime Standard) of the Frankfurt Stock Exchange, as well as upfront costs incurred by the initiation of a 6.3 MWp project in Spain, Phönix SonnenStrom AG generated positive consolidated earnings before interest and tax (EBIT) of T€ 281 as compared with T€ 2,802 posted on 30 June 2005. Earnings before tax (EBT) came in at T€ 462 as against the year-earlier figure of T€ 2,800. In the period under review, consolidated profit after tax stood at T€ 192 (1-6/2005: T€ 1,812).

As per 30 June 2006, the company recorded a record level of orders on hand which came to € 41 million, representing an increase of more than 430 percent as compared with the previous year’s level of € 7.7 million. This high order level was primarily attributable to major orders in the Power Plant segment.

In the first half of 2006, Phönix SonnenStrom AG was successful in winning four new solar module suppliers: MSK and Mitsubishi in Japan, as well as the Chinese supplier companies Yingli and Trina. The company will now receive deliveries from a total of nine solar module manufacturers. Around two thirds of the solar modules expected in 2006 as a whole will be delivered in the second half of the year.

Based on the expected volume of modules and the outstanding level of orders, the Board of Directors has confirmed its sales forecast of € 140 million and that EBIT for the year 2006, net of special effects, will be higher as against previous years.

The Interim Report as at 30 June 2006 will be released on 24 August 2006.

This is an English translation of the German original. Only the german version is binding

About Phönix SonnenStrom AG
Phönix SonnenStrom AG, based in Sulzemoos near Munich, is a leading systems supplier in the German and European photovoltaic sectors. The company currently has around 100 employees and generated sales of € 111 million in 2005. Phönix SonnenStrom AG designs, builds and operates large-scale photovoltaic plants and is a wholesaler of complete solar electricity plants, solar modules and components. As part of its internationalisation strategy, it acquired a participation in a solar company in Italy in January 2006, and in April 2006 it founded its Spanish subsidiary Phoenix Energía Solar. The shares of Phönix SonnenStrom AG (ISIN DE000A0BVU93) are traded on the official market/Prime Standard on the Frankfurt Stock Exchange.

Disclaimer
The content of this press release is solely for information purposes and is not intended to constitute a recommendation for investment or a solicitation to subscribe or an offer to buy or sell securities of the company. Die Phönix SonnenStrom AG shall undertake no liability whatsoever for any loss in connection with this press release or the information contained therein. This also applies particularly to any eventual loss in connection with the shares of Phönix SonnenStrom AG. This document contains forward-looking statements on future developments which are based on management’s current assessment. Words such as “anticipate”, “assume”, “believe”, “ estimate”, “ expect”, “intend”, “can/could”, “plan”, “project”, “forecast”, “should”, and similar terms are indicative of such forward-looking statements. Such statements are subject to certain risks and uncertainties which are mainly outside the sphere of influence of Phönix SonnenStrom AG, but which have an impact on the business activities, the success, the business strategy and the results. These risks and factors of uncertainty include, for instance, climatic change, changes in the state subsidisation of photovoltaics, the introduction of competitor products or technologies of other companies, the development of the planned internationalisation of business activities, fierce competition as well as rapid technological change in the photovoltaic market. If one of these or other factors of uncertainty or risks should occur, or if the assumptions underlying the statements should prove incorrect, the actual results may diverge substantially from the results in these statements or implicit indications. Phönix SonnenStrom AG does not have the intention nor will it undertake any obligation to realise forward-looking statements on an ongoing basis or at a later point in time as this is entirely dependent on circumstances prevailing on the day of their release.

In some countries, especially in the United States of America, the dissemination of this press release and the information contained therein may be restricted or prohibited under the law. This press release is therefore expressly not intended for persons resident in the United States of America or any other legal system under which such an offer or solicitation is not permissible, or for persons for whom such an offer or invitation would constitute a breach of the law.

For further information please contact
Phönix SonnenStrom AG
Hirschbergstraße 8
D-85254 Sulzemoos

Investor Relations
Anka Leiner
Tel.	+49 (0)8135 938 - 315
Fax	+49 (0)8135 938 - 399
Leiner@SonnenStromAG.de
www.SonnenStromAG.de