SMA Solar Technology AG expects very positive first half of 2023 and again increases full-year guidance 2023

Niestetal, June 23, 2023 - The Managing Board of SMA Solar Technology AG (SMA/ISIN: DE000A0DJ6J9/FWB: S92) expects sales of EUR 770 to 780 million (HY1 2022: EUR 472 million) and operating earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 120 to 130 million (HY1 2022: EUR 16 million) for the first half of 2023. The reason for this, following the already positive Q1, is a strong Q2 above plan with sales expected to reach EUR 400 to 410 million (Q2 2022: EUR 251 million) and EBITDA expected to be EUR 60 to 70 million (Q2 2022: EUR 1 million).

On this basis, the Managing Board is adjusting the full year guidance for 2023 and now expects annual sales of EUR 1,700 to 1,850 million (previously: EUR 1,450 to 1,600 million) and EBITDA of EUR 230 to 270 million (previously: EUR 135 to 175 million).

The reason for the better-than-planned performance and the more positive outlook is a significant increase in delivery capabilities due to faster improvements in material supplies from the supplier side and an improved earnings contribution from all segments.

The final figures for the 1st half of 2023 will be published on August 10, 2023.

Contact:

Viona Brandt

Investor Relations

[email protected]

Tel.: +49 175 93 93 320