SMA rises on H1 beat, outlook confirmation
08/08/2024 07:45
** Shares in SMA Solar S92G.DE gain 4% in early trade
after the company beat H1 expectations and confirmed the lower
2024 outlook already announced in June
** The solar energy equipment supplier reports H1 sales at
759 million euros ($830 million) and EBITDA of 81 million euros,
which looks better than expected, a local trader says
** The trader adds that no more bad news at first sight
might help the sentiment
** "The beat on large scale should support the shares this
morning," Jefferies says, adding that the unchanged order
outlook and the free cash flow print could weigh
($1 = 0.9145 euros)
(Reporting by Paolo Laudani)
((Paolo.laudani@thomsonreuters.com))