Brief: SMA Solar Technology Raises Guidance Range For 2023

Sma Solar Technology AG

04/10/2023 17:18

Oct 4 (Reuters) - SMA SOLAR  S92G.DE :
    * EXPECTS VERY POSITIVE SALES AND EARNINGS DEVELOPMENT AFTER
NINE
MONTHS AND RAISES GUIDANCE RANGE FOR 2023
    * EXPECTS CONSOLIDATED REVENUES OF EUR 1.335 MILLION TO
1.345
MILLION (9M 2022: EUR 724 MILLION) AND EBITDA OF EUR 230 TO 235
MILLION (9M 2022: EUR 50 MILLION) FOR FIRST NINE MONTHS OF 2023.
    * DUE TO A VERY POSITIVE REVENUE AND EARNINGS DEVELOPMENT IN
LARGE
SCALE & PROJECT SOLUTIONS AND COMMERCIAL & INDUSTRIAL SOLUTIONS
SEGMENTS IN Q3, QUARTERLY REVENUES ARE EXPECTED TO BE BETWEEN
EUR 555 MILLION AND 565 MILLION (Q3 2022: EUR 252 MILLION) AND
EXPECTED EBITDA BETWEEN EUR 105 MILLION AND 110 MILLION (Q3
2022: EUR 34 MILLION).
    * MANAGING BOARD IS RAISING GUIDANCE RANGE FOR FULL YEAR
2023 AND
NOW EXPECTS CONSOLIDATED SALES OF EUR 1,800 MILLION TO 1,900
MILLION
    * MANAGING BOARD EXPECTS EBITDA OF EUR 285 MILLION TO 325
MILLION
FOR FY 2023

Source text for Eikon:  ID:nEQ85RWtTa 
Further company coverage:  S92G.DE 

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