DGAP-News: SMA Solar Technology AG / Key word(s): Forecast/Preliminary Results SMA Solar Technology AG - Corporate News SMA Solar Technology AG Sets New Sales Record in 2017 and Reaches Top End of Earnings Guidance - Managing Board Expects Growth in Sales and Earnings in 2018 The SMA Managing Board expects sales to increase to between EUR900 million and EUR1.0 billion in 2018. This will be driven mainly by the generally good market development and in particular by the continued strength of the Asian and European business and the rising demand for system technology for storage applications. The Managing Board anticipates EBITDA of between EUR90 million and EUR110 million. This includes expenses of more than EUR10 million for setting up the energy services business. The Managing Board estimates that depreciation and amortization will amount to approximately EUR50 million. "SMA wants to seize the opportunities of the digital transformation in the energy sector and is in an ideal position to do so," said Urbon. "In the future, we will be launching numerous innovations and entering into new strategic partnerships. Our connected solutions help our customers around the world effectively reduce their electricity costs and contribute to a sustainable future."
At Capital Markets Day on January 26, the Managing Board will talk about disruptions in the energy sector, the growth of SMA's addressable market and SMA's unique positioning and financial performance. The presentation containing additional information can be found at http://www.sma.de/en/investor-relations/publications/presentations.html from the beginning of the event. SMA will publish the complete consolidated financial statements for 2017 on March 28, 2018. 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: 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.
24.01.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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 |
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