SMA Solar Technology AG : Results broadly in line and guidance confirmed
>Results broadly in line with our expectations - SMA Solar Technology yesterday morning reported its H1 2020 results, which were broadly in line with expectations. Sales were up 42% to € 514m and EBITDA came in at € 24m (ODDO BHF: € 538m and € 26m respectively), up 182%. Net profit came in at € 2.6m vs ODDO BHF’s estimate of € 2m. Despite the COVID-19 pandemic, H1 2020 showed robust growth (86%) of capacity sold to 7.1GW due to US market momentum in the major projects...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.