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Phoenix Solar sees revenues jump 55% in 2008

Phoenix Solar has released preliminary figures for the financial year 2008. The solar company reported revenues of €402 million, up 55% from 2007.

Components & Systems contributed €215m (up 67%) and Power Plants contributed €188m (+44%). International business now makes up 40% of total revenues.

The EBIT for 2008 rose 52% to €33.8m, and preliminary consolidated profit after tax jumped 63% to €23.7m.

For 2009, Phoenix expects revenues to reach €520m and EBIT to be €31m.

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