SMA Solar Technology AG

Earnings Release • Aug 1, 2017

News Details

Corporate | 1 August 2017 08:48

SMA Solar Technology AG: Managing Board of SMA Solar Technology AG Raises Forecast for Current Fiscal Year

DGAP-News: SMA Solar Technology AG / Key word(s): Change in Forecast

01.08.2017 / 08:48

The issuer is solely responsible for the content of this announcement.

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SMA Solar Technology AG-Corporate News

Managing Board of SMA Solar Technology AG Raises Forecast for Current Fiscal Year

Niestetal, August 1, 2017 – The Managing Board of SMA Solar Technology AG (SMA/FWB: S92) raises its sales and earnings forecast for 2017. The new forecast predicts sales of EUR 900 million to EUR 950 million (previously: EUR 830 million to EUR 900 million) and earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 85 million to EUR 100 million (previously: EUR 70 million to EUR 90 million). The amount of depreciation and amortization will remain unchanged in between EUR 60 million and EUR 70 million. As reasons for raising the forecast, the Managing Board cites the high order-intake, which has been increasing since the beginning of 2017 and the strong market demand in all regions, especially in the Asia-Pacific region (APAC).

“In the first half of 2017, incoming orders developed positively at SMA and the book-to-bill ratio was 1.4. The order backlog increased by 25% in the first six months of the year and amounted to roughly EUR 673 million as of June 30, 2017. Incoming orders also remained high in July,” said SMA CEO Pierre-Pascal Urbon. “Against this backdrop, we raise our sales forecast for 2017 to EUR 900 million to EUR 950 million and our forecast for earnings before interest, taxes, depreciation and amortization (EBITDA) to EUR 85 million to EUR 100 million. Net cash will rise to more than EUR 450 million thanks to high operating cash flow.”

SMA will publish its half yearly financial report for January to June 2017 on August 10, 2017.

About SMA

The SMA Group with sales of around EUR1 billion in 2016 is the global market leader for solar inverters, a key component of all PV plants. SMA offers a wide range of products and solutions that allow for high energy yields for residential and commercial PV systems and large-scale PV power plants. To increase PV self-consumption efficiently, SMA system technology can easily be combined with different battery technologies. Intelligent energy management solutions, comprehensive services and operational management of PV power plants round off SMA’s range. The company is headquartered in Niestetal, near Kassel, Germany, is represented in 20 countries and has more than 3,000 employees worldwide, including 500 working in Development. SMA’s multi-award-winning technology is protected by more than 900 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 currently the only company in the solar industry that is listed in the TecDAX 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

Manager Corporate Press

Tel. +49 561 9522-1124

Fax +49 561 9522-421400

Presse@SMA.de

Disclaimer:

This corporate news serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

This corporate news can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

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01.08.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

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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 News	DGAP News Service