SMA Solar Technology AG : No need to panic!
>Very good Q2 results as expected and 2023 guidance confirmed - SMA yesterday reported its Q2/H1 2023 results which, as expected came in at the top end of the company’s guidance range for Q2/H1. Q2 2023 revenues totalled € 411.7m (+64%) and EBITDA reached € 65.3m (x 65), in line with the consensus forecasts (€ 408m and € 66m, respectively), with our forecasts and the group’s guidance for Q2 (revenues between € 400m and € 410m and EBITDA of between € 60m and € 70m). Th...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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