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RNS Number : 3968E SMA Solar Technology AG 27 October 2022
Niestetal, October 27, 2022 - The Managing Board of SMA Solar Technology AG
(SMA/FWB: S92) has raised its earnings forecast for the fiscal year 2022. The
new forecast predicts operating earnings before interest, taxes, depreciation
and amortization (EBITDA) of €60 million to €75 million (previously: €10
million to €60 million). As reasons for raising the forecast, the Managing
Board cites the continued high level of incoming orders and a gradually
improving supply of electronic components, which should lead to a business
performance in the fourth quarter that exceeds previous expectations. In
addition, a special effect in the lower double-digit million euro range from
the sale of real estate had a positive impact on the earnings of SMA in the
third quarter. For the operating earnings before interest and taxes (EBIT),
the Managing Board expects a range of €22 million to €37 million
(previously: €-30 million to €20 million). Net cash is expected to amount
to around 190 million euros at the end of the year according to the new
Managing Board forecast (previously: around €175 million). Sales
expectations in the current fiscal year were narrowed by the SMA Managing
Board to between €975 million and €1,050 million (previously: €900
million to €1,050 million).
Contact:
Thomas Pixa
Chief Financial Officer
Information and Explanation of the Issuer to this announcement:
About SMA
As a leading global specialist in photovoltaic and storage system technology,
the SMA Group is setting the standards today for the decentralized and
renewable energy supply of tomorrow. SMA's portfolio contains a wide range of
efficient PV and battery inverters, holistic system solutions for PV and
battery-storage systems of all power classes, intelligent energy management
systems and charging solutions for electric vehicles and power-to-gas
applications. Digital energy services as well as extensive services up to and
including operation and maintenance services for PV power plants round off
SMA's range. SMA inverters with a total output of around 120 gigawatts have
been installed in more than 190 countries worldwide. SMA's multi-award-winning
technology is protected by more than 1,700 patents and utility models. Since
2008, the Group's parent company, SMA Solar Technology AG, has been listed on
the Prime Standard of the Frankfurt Stock Exchange (S92) and is listed in the
TecDAX index and SDAX index.
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
Presse@SMA.de
Press Contact:
Susanne Henkel
Senior Corporate Communications Manager
Tel. +49 561 9522-1124
Presse@SMA.de
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