29.03.2017
SMA Solar Technology AG DE000A0DJ6J9
DGAP-News: SMA Solar Technology AG: SMA Solar Technology AG Concludes Sale of SMA Railway Technology GmbH
DGAP-News: SMA Solar Technology AG / Key word(s): Forecast/Mergers &
Acquisitions
SMA Solar Technology AG: SMA Solar Technology AG Concludes Sale of SMA
Railway Technology GmbH
29.03.2017 / 07:02
The issuer is solely responsible for the content of this announcement.
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SMA Solar Technology AG-Corporate News
SMA Solar Technology AG Concludes Sale of SMA Railway Technology GmbH
Niestetal, March 29, 2017 - SMA Solar Technology AG (SMA/FWB: S92) concluded
sale of its subsidiary SMA Railway Technology GmbH today. The buyer is the
leading Chinese railway technology group Beijing Dinghan Technology Co.,
Ltd. The buyer and the seller have agreed not to disclose the purchase
price.
The transaction will contribute positively to the SMA Group's earnings in
the first quarter of 2017. Against this backdrop, the SMA Managing Board
forecasts sales of EUR165 million to EUR175 million and earnings before
interest, taxes, depreciation and amortization (EBITDA) of EUR15 million to
EUR18 million for the first quarter of this year. The SMA Managing Board is
confirming its sales and earnings guidance for fiscal year 2017 as published
on January 26, 2017, which forecasts sales of between EUR830 million and
EUR900 million and EBITDA of between EUR70 million and EUR90 million.
About SMA
The SMA Group with anticipated sales of about EUR1 billion in 2016 is the
global market leader for solar inverters, a key component of all PV plants,
and offers innovative key technologies for future power supply structures.
It is headquartered in Niestetal, near Kassel, Germany, and is represented
in 20 countries. The Group employs more than 3,000 people worldwide. SMA has
an extensive range of products, which offers the right inverters for all
module types and plant sizes; for small residential systems as well as
large-scale plants, grid-connected photovoltaic systems as well as off-grid
and hybrid systems. Moreover, SMA offers system technology for various
battery technologies and system sizes and collaborates with renowned battery
manufacturers and companies from the automotive industry. The SMA technology
is protected by about 700 patents and utility models worldwide. The range of
services is supplemented by comprehensive services and operational
management of large-scale PV power plants. 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
[email protected]
Press Contact:
Susanne Henkel
Manager Corporate Press
Tel. +49 561 9522-1124
Fax +49 561 9522-421400
[email protected]
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 press release 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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29.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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: [email protected]
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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