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DGAP-News: SMA Solar Technology AG
/ Key word(s): Quarterly / Interim Statement/Quarter Results
SMA Solar Technology AG corporate news SMA Solar Technology AG increases sales considerably in the first quarter of 2020 and makes profit again Overview Q1 2020: - Inverter output sold more than doubled at 4.4 GW (Q1 2019: 1.8 GW) - Sales increased to €288 million (Q1 2019: €168 million) and EBITDA to €12 million (Q1 2019: €1 million) - Financial stability thanks to solid equity ratio of 40% (December 31, 2019: 38%) - High order backlog of €797 million, of which €376 million is attributable to the product business - Managing Board confirms its sales and earnings guidance for the 2020 fiscal year
Net income broke even in the first quarter of 2020 (Q1 2019: -€11 million). Earnings per share thus amounted to -€0.01 (Q1 2019: -€0.30). With net cash of €243 million (December 31, 2019: €303 million) and an equity ratio of 40.3% (December 31, 2019: 37.6%), SMA continues to have a solid balance-sheet structure. "SMA made a good start to 2020," said SMA CEO Jürgen Reinert. "We increased sales and earnings considerably in the first quarter and generated positive EBIT of €1.6 million. Order intake also continued to develop very well at €330 million in the first three months of the year. Through active management and process adjustments, we have maintained our supply chain and our production capacity in the coronavirus crisis and suffered only minor supply shortages. The sales and product-related order backlog of the first quarter already cover over 60% of the Managing Board's sales guidance for the 2020 fiscal year. On this basis, we continue to assume that we will meet our sales and earnings targets and increase our market shares in key target markets." Despite the current coronavirus crisis, the SMA Managing Board is confirming its sales and earnings guidance for the 2020 fiscal year published on February 7, 2020. It predicts a sales increase to between €1.0 billion and €1.1 billion. SMA is well positioned to gain market shares even in the current circumstances. In addition, the Managing Board is implementing further cost reduction measures. In this context, the SMA Managing Board is still expecting an increase in EBITDA of between €50 million and €80 million. The quarterly statement for January to March 2020 can be found at /IR/FinancialReports. SMA's Annual General Meeting will be held on June 4, 2020.
Head of Corporate Communications: Disclaimer: 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 The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments. Â
14.05.2020 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 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1044275 |
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| End of News | DGAP News Service |
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1044275Â Â 14.05.2020Â
