SMA Solar Technology AG : Q1 beats the consensus but including one-offs and 2024 guidance confirmed
>Q1 results above company-compiled consensus but below excluding one-offs - This morning, SMA reported Q1 2024 results which beat the company-compiled consensus. Sales came in at € 362m (almost flat vs Q1 2023) slightly below expectations (consensus at €392m and our estimates at €420m) but EBITDA came in at € 50m (-17% y-o-y) above the company-compiled consensus of € 44m and in line with our expectation of €52m. The EBITDA margin came in at 14% above consensus expecta...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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