Germany's SMA Solar 2025 sales slightly beat expectations

Sma Solar Technology AG

03/03/2026 06:09

Overview

Germany-based solar technology firm's 2025 sales slightly beat analyst expectations

EBITDA significantly impacted by impairments, provisions, and restructuring expenses

Company expects 2026 sales of €1,475 mln to €1,675 mln and positive EBITDA

Outlook

SMA Solar expects 2026 sales between €1,475 mln and €1,675 mln

Company anticipates 2026 EBITDA of €50 mln to €180 mln

SMA Solar sees sales growth in Large Scale & Project Solutions division in 2026

Result Drivers

HBS DIVISION DECLINE - Sales in the Home & Business Solutions division fell significantly due to low demand and high competitive pressure, impacting earnings negatively

IMPAIRMENTS AND PROVISIONS - Earnings were significantly impacted by impairments on inventories and receivables, and provisions for purchase commitments and restructuring

LARGE SCALE DIVISION GROWTH - Large Scale & Project Solutions division increased sales due to grid stabilization projects and a large order backlog

Company press release: ID:nEQ7v5G63a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Sales
Beat
EUR 1.52 bln
EUR 1.49 bln (6 Analysts)
FY EPS
-EUR 5.22
FY Net Income
-EUR 181.10 mln
FY EBITDA Margin
-4.30%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy."

Wall Street's median 12-month price target for SMA Solar Technology AG is €34.00, about 13.9% above its March 2 closing price of €29.86

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 62 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)