Picture of Sma Solar Technology AG logo

S92 — Sma Solar Technology AG News Story

0.000.00%
de flag iconLast trade - 00:00
TechnologyHighly SpeculativeMid CapNeutral

SMA Solar rises on 'solid' Q2 orders

BUZZ-SMA Solar rises on 'solid' Q2 orders

** Shares in SMA Solar Technology S92G.DE rise around 6% in early Frankfurt trade after the German solar power parts supplier confirmed its Q2 prelim numbers and reported a "solid" order intake

** SMA posted H1 EBITDA before one-time effects of €65.9 million ($75.92 million), up from €50.3 million a year earlier

** Jefferies says the group's Q2 print was solid and order intake was very strong, especially in Large Scale & Project Solutions

** A local trader says the company's H1 numbers came in broadly in line with prelims

** "Orders read solid," it adds

** SMA's order backlog as of June 30 amounted to €1.8 billion, compared with €1.2 billion last year

** The stock is seen at the top of Germany's small-cap index .SDAXI



($1 = 0.8680 euros)


(Reporting by Ozan Ergenay)

((ozan.ergenay@thomsonreuters.com))

Recent news on Sma Solar Technology AG

See all news