SMA Solar Technology AG : Q3 2024 weak as expected and full-year guidance lowered due to one-off costs for restructuring plan
>Weak Q3 as expected impacted by persistent weakness of Home Solutions and C&I segments and by a slightly less robust quarter in Large Scale - SMA’s reported Q3 2024 results were weak as expected. Sales came in at € 300m, down 46% vs Q3 2023, below consensus expectations at € 330m. EBITDA was € 3m (-97% y-o-y) above the company-compiled consensus of € 0m and bang in line with our forecast of € 3m. The Q3 EBITDA margin thus came to 0.97%, above the consensus 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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