SMA Solar Technology AG : Good results but intensification of pressure on prices in Q3
>Relatively good results and guidance confirmed, but... - SMA Solar yesterday reported good Q3 2019 results. Sales were € 268m and EBITDA was € 17.2m, representing a y-o-y increase of 49% and 72%, respectively. As expected, Q3 results were significantly improved on both a sequential and annual basis thanks to the marked increase in the product order book in H1. As such, 9M sales were € 631m, EBITDA was € 26m and EBIT -€ 9m (details on page 2). The group has confirmed ...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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