SMA Solar Technology AG : Cautious stance from management for 2022
>2021 results in line with prelims - SMA Solar yesterday morning reported its full year 2021 results, which confirmed the preliminary figures unveiled on 2 March. 2021 revenues came in at € 983.7m (-4%) and EBITDA at € 9m (vs € 72m in 2020), mainly impacted by: 1/ an exceptional item related to the termination of a costly services contract (-€ 48m of impact on EBITDA), and 2/ electronic chip shortages.Termination of loss-making O&M contract cost SMA € 48...SMA Solar Technology is a holding company. Through its subsidiaries, Co. operates in five divisions: Medium Power Solutions, which distributes inverters, system solutions as well as products used for monitoring PV systems and energy management; Power Plant Solutions, which supplies central inverters and system solutions to PV plants; Service, which provides customers in Germany and abroad with support and after-sales services; Zeversolar, which serves the Chinese photovoltaic market and the budget market (low-price segment) in foreign markets; and Railway Technology, which manufactures converters as individual devices and energy supply systems for railway coaches.
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