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DGAP-News: SMA Solar Technology AG
/ Key word(s): Change in Forecast
SMA Solar Technology AG Corporate News Managing Board of SMA Solar Technology AG adjusts forecast for the current fiscal year Niestetal, September 6, 2021 - The Managing Board of SMA Solar Technology AG (SMA/FWB: S92) is adjusting its sales and earnings forecast for the current fiscal year. For 2021, the SMA Managing Board expects sales between €980 million and €1030 million (previously: €1075 million to €1175 million) and EBITDA between €50 million and €65 million (previously: €75 million and €95 million). The background to this is the undersupply of electronic components currently affecting the entire electronics industry. "Due to the latest cancellations of firmly promised delivery quantities, the situation has also worsened significantly for SMA in the short term, contrary to expectations. We are also seeing that project developers and investors are postponing the implementation of larger PV projects until the following year," says Chief Executive Officer Jürgen Reinert. "We are in intensive contact with our partners on the supplier side in order to develop suitable solutions to secure deliveries and to compensate for delivery delays as far as possible in the coming weeks as well. We continue to expect sales in the second half of the year to be higher than in the first half, but in our estimation to remain below the most recently forecast level." According to Reinert, on the other hand, the very good medium-term business prospects for SMA have not changed: "As part of the SMA Strategy 2025, we are successfully driving forward the further development of the product portfolio towards a system landscape for decentralized energy supply. SMA has positioned itself strategically very well to benefit from the expected global growth of the PV as well as the global storage market and to consolidate its market position." About SMA
Head of Corporate Communications: Disclaimer: 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 The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.
06.09.2021 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: | |
| Internet: | |
| ISIN: | DE000A0DJ6J9 |
| WKN: | A0DJ6J |
| Indices: | SDAX, TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1231495 |
| End of News | DGAP News Service |
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1231495 06.09.2021
