Phoenix saw its revenues and operating profit slide substantially compared to the second quarter due to the fall-off in German demand as a result of the unplanned feed-in tariff reduction that went into effect on 1 July.
The firm, based near Munich, posted revenues of €95.3m ($131.4m) – up 6.2% year on year, but down sharply from the €283.6m it hauled in during the second quarter.
Similarly,
