SMA Solar Technology AG : Guidance range confirmed but low point looks more likely
>Q2 2021 earnings reflected growth but slightly undershot our expectations - SMA Solar yesterday evening reported its Q2 2021 results. Sales totalled € 248m (+10%) and EBITDA € 18.1m (+51%), a shade below our forecasts of € 267m and € 20m respectively. The EBITDA margin reached 7.3%, reflecting a marked improvement on the Q2 2020 level (5.3%) thanks to product optimisation and cost-cutting. Net profit totalled € 5.3m vs € 3.1m in Q2 2020, a shade below our forecast o...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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