SMA Solar Technology AG : Despite the uncertainties the group remains confident on 2024
>Very good Q3/9M results as expected and guidance for 2023 confirmed - Yesterday SMA published Q3/9M 2023 results that contained no surprises, were very healthy and came in at the middle of the group's forecast range for Q3 issued on 4 October (sales of between € 555m and € 565m and EBITDA of between € 105m and € 110m). Q3 sales were € 559m (+121%) and EBITDA was € 106m (+209%), i.e. an EBITDA margin of 19% vs 13.5% in Q3 2022 and 16.1% in H1 2023. EBIT was € 96m vs...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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