SMA Solar Technology AG

  • WKN: A0DJ6J
  • ISIN: DE000A0DJ6J9
  • Land: Deutschland

Nachricht vom 07.11.2019 | 07:00

SMA Solar Technology AG Registers Growth in Sales and Earnings in Third Quarter

DGAP-News: SMA Solar Technology AG / Key word(s): Quarter Results/9 Month figures

07.11.2019 / 07:00
The issuer is solely responsible for the content of this announcement.


SMA Solar Technology AG - Corporate News

SMA Solar Technology AG Registers Growth in Sales and Earnings in Third Quarter

Overview January to September 2019:

- Inverter output sold increased to 7.5 GW (Q1-Q3 2018: 6.2 GW)

- Sales clearly above the previous year's level at EUR630.8 million (Q1-Q3 2018: EUR575.1 million)

- Earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR25.7 million (Q1-Q3 2018: EUR50.5 million)

- Financial stability thanks to solid equity ratio of 40.5% (December 31, 2018: 42.9%) and net cash of EUR259.1 million (December 31, 2018: EUR305.5 million)

- Continued high order backlog of EUR797.0 million, of which EUR428.7 million is attributable to the product business (December 31, 2018: EUR175.4 million of product business)

- Cost reduction program develops as planned

- Managing Board confirms its sales and earnings guidance for the 2019 fiscal year


Niestetal, November 7, 2019 - From January to September 2019, SMA Solar Technology AG (SMA/FWB: S92) sold PV inverters with a total output of around 7.5 GW (Q1-Q3 2018: 6.2 GW). Sales increased by 9.7% year on year to EUR630.8 million (Q1-Q3 2018: EUR575.1 million). The increase in sales is attributable in particular to very good business performance of all segments in the third quarter. In this period, sales in all segments were up significantly on the previous year's figures. From January to September 2019, EBITDA amounted to EUR25.7 million (EBITDA margin: 4.1%; Q1-Q3 2018: EUR50.5 million, 8.8%; the previous year's earnings included substantial positive one-time items).

Net income came to -EUR10.5 million from January to September 2019 (Q1-Q3 2018: EUR8.5 million). Earnings per share thus amounted to -EUR0.30 (Q1-Q3 2018: EUR0.24). With net cash of EUR259.1 million (December 31, 2018: EUR305.5 million) and an equity ratio of 40.5% (December 31, 2018: 42.9%), SMA continues to have a solid balance-sheet structure.

"In the first nine months of the year, SMA's business performance developed as anticipated by the Managing Board," said SMA Chief Executive Officer Jürgen Reinert. "After a modest development in the first half of the year, we posted significant growth in sales and earnings in the third quarter, as expected. It is particularly pleasing to see that we again generated positive EBIT from July to September for the first time since the second quarter of 2018. Order intake is also continuing to develop positively. As of September 30, 2019, SMA had a product-related order backlog of around EUR429 million. In this context, the Managing Board expects that we will reach the top quarter of our sales guidance for the 2019 fiscal year and that the good performance in the first quarter of 2020 will continue."

The SMA Managing Board confirms its sales and earnings guidance for the 2019 fiscal year and predicts sales of EUR800 million to EUR880 million. The Managing Board expects SMA to reach the top quarter of its sales guidance and estimates that earnings before interest, taxes, depreciation and amortization (EBITDA) will amount to between EUR20 million and EUR50 million. Depreciation and amortization are expected to be approximately EUR50 million.

The quarterly statement for January to September 2019 can be found at www.SMA.de/IR/FinancialReports.


About SMA
As a leading global specialist in photovoltaic system technology, the SMA Group is setting the standards today for the decentralized and renewable energy supply of tomorrow. SMA's portfolio contains a wide range of efficient PV inverters, holistic system solutions for PV systems of all power classes, intelligent energy management systems and battery-storage solutions as well as complete solutions for PV diesel hybrid applications. Digital energy services as well as extensive services up to and including operation and maintenance services for PV power plants round off SMA's range. SMA inverters with a total output of around 80 gigawatts have been installed in more than 190 countries worldwide. SMA's multi-award-winning technology is protected by more than 1,400 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 listed in the SDAX index.


SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
Presse@SMA.de

Press Contact:
Susanne Henkel
Manager Corporate Press
Tel. +49 561 9522-1124
Presse@SMA.de

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.

 



07.11.2019 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



show this

Anleihe im Fokus

PREOS Real Estate AG
"7,5%-Wandelanleihe - Jetzt bis 04.12.19 zeichnen!"

- Emissionsvolumen: bis zu 300 Mio. EUR
- Zeichnungsfrist: 11.19. bis 04.12.2019
- ISIN: DE 000A254NA6 / WKN: A254NA
- Börsenesegment: Börse Frankfurt, Open Market
- Stückelung: 1.000 EUR
- Zinssatz (Kupon): 7,5% p.a., jährliche Zahlung
- Laufzeit: 5 Jahre
- Endfälligkeit: 09.12.2024

Anleihe im Fokus

Deutsche Rohstoff
"Anleihe - Jetzt zeichnen!"

- Emissionsvolumen: bis zu 100 Mio. EUR
- Zeichnungsfrist: 11.11. bis 04.12.2019
- ISIN: DE000A2YN3Q8 / WKN: A2YN3Q
- Börsenesegment: Börse Frankfurt, Open Market (Quotation Board)
- Stückelung / Emissionspreis: 1.000 EUR/ 100%
- Zinssatz (Kupon): 5,25 %
- Laufzeit: 5 Jahre
- Fälligkeit: 5 Jahre / 6.12.2024 (vorbehaltliche vorzeitige Rückzahlung gemäß Anleihebedingungen)
- Zinszahlung: Angebot an Inhaber der 5,625 % Schuldverschreibung 2016/2021 (WKN A2AA05, ISIN DE000A2AA055) diese in die neue Anleihe zu tauschen
- Umtauschfrist: 11.11.2019 – 29.11.2019 (18.00 Uhr)

GBC-Fokusbox

Media and Games Invest wächst dynamisch und profitabel

Innerhalb des Konzerns Media and Games Invest sind der wachstumsstarke Game-Publisher gamigo AG sowie Unternehmen aus dem dynamischen Bereich „Digital Media“ gebündelt. Der Wachstumskurs der Gesellschaft soll sowohl auf Basis eines anhaltenden anorganischen Wachstums sowie durch den Ausbau des bestehenden Geschäftes fortgesetzt werden. Im Rahmen unserer Initial-Coverage-Studie haben wir ein Kursziel von 1,90 € je Aktie ermittelt und vergeben das Rating KAUFEN..

News im Fokus

Continental AG: 'Transformation 2019 - 2029': Continental-Aufsichtsrat unterstützt beschleunigten Technologieumstieg

20. November 2019, 13:19

Aktueller Webcast

EQS Group AG

Conference Call zu den Neunmonatszahlen 2019

15. November 2019

Aktuelle Research-Studie

Grand City Properties S.A.

Original-Research: Aroundtown SA (von First Berlin Equity Research GmbH): BUY

20. November 2019