SMA Solar Technology AG

Regulatory Filings • Aug 11, 2016

News Details

Ad-hoc | 11 August 2016 07:08

SMA Solar Technology AG: * Managing Board announces the consolidation of production location

SMA Solar Technology AG / Key word(s): Miscellaneous

11.08.2016 07:08

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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The Managing Board of SMA Solar Technology AG has taken the decision to
consolidate its production, sales and service locations. In specific terms,
this will mean the closure of the US production site in Denver, Colorado,
at the end of 2016. This will result in the loss of approximately 280 full-
time jobs in Denver. In the future, the US market will be operated from the
SMA production locations in Germany and China. SMA's sales and service
location in Rocklin, California, will remain in operation and will benefit
from further expansion. Consolidating its infrastructure will allow SMA to
further reduce its fixed costs, thus enabling it to further enhance its
competitiveness.
The Managing Board is sticking by its sales and earnings forecast of
EUR950-EUR1,050 million in sales and EUR80-EUR120 million in EBIT.

11.08.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: info@sma.de
Internet: http://www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart,
Tradegate Exchange

End of Announcement DGAP News-Service

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