Report
Anis Zgaya ...
  • Louis Boujard, CFA

SMA Solar Technology AG : Le haut de la guidance n’est pas atteignable. Alléger maintenu et OC relevé à 36.0 € vs 28.0 €

>Résultats légèrement meilleurs qu’attendu et confirmation de la guidance - SMA a publié hier matin ses résultats 9M 2020 légèrement supérieurs à nos attentes. Le chiffre d'affaires s'est élevé à 774 M€ et l'EBITDA à 41 M€ (ODDO BHF à 764 M€ et 39 M€), en hausse de 23 % et 58 % respectivement. Le résultat net s'est élevé à 9 M€, contre 8 M€ pour ODDO BHF. La croissance au T3 a été comme prévu, relativement stable par rapport à la même période de l'année dernière (-3%...
Underlying
SMA Solar Technology AG

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Anis Zgaya

Louis Boujard, CFA

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