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SMA Solar Technology AG
Earnings Release • Sep 27, 2018
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Earnings Release
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News Details
Ad-hoc | 27 September 2018 15:01
Managing Board of SMA Solar Technology AG Lowers Guidance for the Current Fiscal Year
SMA Solar Technology AG / Key word(s): Forecast/Change in Forecast
Managing Board of SMA Solar Technology AG Lowers Guidance for the Current Fiscal Year
27-Sep-2018 / 15:01 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Niestetal, September 27, 2018 – The Managing Board of SMA Solar Technology AG (SMA/FWB: S92) is adjusting its sales and earnings guidance for the current fiscal year. The SMA Managing Board expects sales of between EUR800 million and EUR850 million for 2018 (previously: EUR900 million to EUR1,000 million). The background for this is a further sharp fall in prices and project postponements as a result of the market downturn in China. The Managing Board is announcing structural adjustments to SMA. Corresponding measures are to be established by the end of the year. These will incur one-off costs that will negatively affect SMA’s earnings. The Managing Board is therefore expecting break-even to slightly negative EBITDA (after one-off effects from restructuring) for 2018 (previously: EBITDA of EUR90 million to EUR110 million). The SMA Managing Board is anticipating sales growth and positive EBITDA for 2019.
Contact:
Ulrich Hadding
Chief Financial Officer
Information and Explanation of the Issuer to this News:
About SMA
The SMA Group with sales of around EUR900 million in 2017 is a global 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 and digital energy 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 19 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 1,100 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 listed in the SDAX index.
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
Press Contact:
Susanne Henkel
Manager Corporate Press
Tel. +49 561 9522-1124
Fax +49 561 9522-421400
27-Sep-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| 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: | [email protected] |
| Internet: | http://www.sma.de |
| ISIN: | DE000A0DJ6J9 |
| WKN: | A0DJ6J |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |