09.07.2015
SMA Solar Technology AG DE000A0DJ6J9
DGAP-News: SMA Solar Technology AG: Managing Board Raises Forecast
DGAP-News: SMA Solar Technology AG / Key word(s): Change in Forecast
SMA Solar Technology AG: Managing Board Raises Forecast
09.07.2015 / 18:02
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SMA Solar Technology AG - Corporate News
Managing Board of SMA Solar Technology AG Raises Forecast for Current
Fiscal Year
Niestetal, July 9, 2015 - The Managing Board of SMA Solar Technology AG
(SMA/FWB: S92) has raised its sales and earnings forecast for 2015. The new
forecast predicts sales of EUR800 million to EUR850 million (previously:
EUR730 million to EUR770 million) and an operating result (EBIT) of EUR-25
million to EUR0 million (previously: EUR-30 million to EUR-60 million). As
reasons for raising the forecast, the Managing Board cites the
better-than-anticipated development of the global market for photovoltaic
inverters, a significant improvement in SMA's competitiveness and an order
backlog that remains high.
"Global demand for photovoltaic inverters has developed better in 2015 than
we had initially expected. This positive development is largely driven by
the foreign markets, particularly North America. By contrast, the German
photovoltaic market is of only minor significance due to the energy policy
of the German Federal Ministry for Economic Affairs and Energy. Thanks to
our successful internationalization and the introduction of new product
solutions, we have benefited from international market growth and increased
our market share. The systematic implementation of the company
transformation measures and the strategic alliances with Danfoss and
Siemens will further enhance our competitiveness. In this context, and on
the basis of the order backlog that remains high, we are raising our sales
forecast for 2015 to between EUR800 million and EUR850 million and our
earnings forecast to between EUR-25 million and EUR0 million," explains SMA
Chief Executive Officer and Chief Financial Officer Pierre-Pascal Urbon.
According to Urbon, sales and earnings for the first half of the year are
in line with the guidance, with sales expected to exceed EUR420 million
(forecast: EUR400 million to EUR450 million) and EBIT of approximately
EUR-15 million (forecast: EUR-15 million to EUR-25 million).
Recent studies by IHS and GTM Research show that SMA is the global market
leader for photovoltaic inverters in terms of sales. According to GTM
Research, SMA is also the leader in the important US market with a share of
24%. "SMA's high market shares show that the company has met the structural
change in the solar industry and is well positioned strategically in major
growth markets," says Pierre-Pascal Urbon.
Further information on the raised forecast can be found at
http://www.sma.de/en/investor-relations/publications/presentations.html.
SMA will publish its results for the first half of 2015 on August 13.
About SMA
The SMA Group with sales of more than EUR800 million in 2014 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
21 countries. The Group employs more than 4,500 people worldwide. SMA's
broad product portfolio includes a compatible inverter for every type of
module on the market and for all PV system sizes. The repeatedly awarded
product range includes system technologies for grid-connected photovoltaic
systems as well as off-grid and hybrid systems. The technology is protected
by more than 550 patents. 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 also 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]
Investor Relations Contact:
Tel. +49 561 9522-2222
Fax +49 561 9522-2223
[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 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.
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09.07.2015 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.
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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
End of News DGAP News-Service
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