SMA SOLAR TECHNOLOGY AG
DGAP-Ad-hoc: SMA Solar Technology AG / Key word(s): Forecast/Preliminary Results Niestetal, January 24, 2018-SMA Solar Technology AG (SMA/FWB: S92) closed the 2017 fiscal year with a sales record of around 8.5 GW (2016: 8.2 GW). According to provisional estimates by the Managing Board, SMA generated sales of more than EUR890 million in 2017 (2016: EUR946.7 million). The earnings before interest, taxes, depreciation and amortization (EBITDA) of expected more than EUR95 million (2016: EUR141.5 million) are at the top end of the Managing Board's guidance; the EBIT guidance was surpassed. Net income is expected to amount to approximately EUR30 million and is therefore on par with the previous year (2016: EUR29.6 million). SMA has increased its net cash to an estimated EUR450 million (December 31, 2016: EUR362.0 million). For the 2018 fiscal year, the SMA Managing Board expects sales of EUR900 million to EUR1.0 billion and anticipates EBITDA of between EUR90 million and EUR110 million. For the first time, EBITDA includes expenses of more than EUR10 million for setting up the digital business. The Managing Board estimates that depreciation and amortization will amount to approximately EUR50 million.
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 1,000 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 Head of Corporate Communications:
24-Jan-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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 |
647969 24-Jan-2018 CET/CEST
