SMA Solar Technology AG

Earnings Release • Aug 1, 2017

News Details

Ad-hoc | 1 August 2017 08:43

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

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

01-Aug-2017 / 08:43 CET/CEST

Disclosure of an inside information acc. 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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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 Asia-Pacific region (APAC).

The half yearly financial report for January to June 2017 will be published on August 10, 2017.

Contact:

Ulrich Hadding

Chief Financial Officer

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Information and Explanation of the Issuer to this News:

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 ad-hoc 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 ad-hoc 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-Aug-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.dgap.de

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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