2022-03-01

Management Board expects earnings for 2021 to be below adjusted guidance and presents sales and earnings forecast for 2022

DGAP-Ad-hoc: SMA Solar Technology AG / Key word(s): Change in
Forecast/Forecast
SMA Solar Technology AG: Management Board expects earnings for 2021 to be
below adjusted guidance and presents sales and earnings forecast for 2022

01-March-2022 / 18:42 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Niestetal, March 1, 2022 - The Managing Board of SMA Solar Technology AG
(SMA/FWB: S92) expects earnings for 2021 to be below the guidance as
adjusted on January 12, 2022 (EBITDA: €20 million to €30 million). The
background is the pre-contractual agreement on the extraordinary dissolution
of a contract for operation and maintenance (O&M) services for PV power
plants. Based on the resulting increased need for provisions, the Managing
Board anticipates earnings (EBITDA) of about €9 million. The preliminary
result is still subject to the auditor's review. SMA sales amounted to €984
million in 2021.

In addition, the SMA Managing Board today approved the sales and earnings
guidance for 2022. For the current fiscal year, the Managing Board
anticipates sales of between €900 million and €1,050 million and earnings
(EBITDA) of between €10 million and €60 million, particularly due to the
continuing global chip shortage.


Contact:
Ulrich Hadding
Chief Financial Officer


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Information and Explanation of the Issuer to this News:

About SMA
As a leading global specialist in photovoltaic and storage system
technology, the SMA Group is setting the standards today for the
decentralized and renewable energy supply of tomorrow. SMA's portfolio
contains a wide range of efficient PV and battery inverters, holistic system
solutions for PV and battery-storage systems of all power classes,
intelligent energy management systems and charging solutions for electric
vehicles and power-to-gas applications. Digital energy services as well as
extensive services up to and including operation and maintenance services
for PV power plants round off SMA's range. SMA inverters with a total output
of around 110 gigawatts have been installed in more than 190 countries
worldwide. SMA's multi-award-winning technology is protected by around 1,700
patents and utility models. Since 2008, the Group's parent company, SMA
Solar Technology AG, has been listed on the Prime Standard of the Frankfurt
Stock Exchange (S92) and is listed in the TecDAX index.


SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
Presse@SMA.de

Press Contact:
Susanne Henkel
Senior Corporate Communications Manager
Tel. +49 561 9522-1124
Presse@SMA.de


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01-March-2022 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: info@sma.de
Internet: www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Indices: SDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1291675



End of Announcement DGAP News Service
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1291675 01-March-2022 CET/CEST

Contact for Voting Rights Notifications

SMA Solar Technology AG

Investor Relations
Sonnenallee 1
34266 Niestetal
Germany

Stimmrechtsmitteilungen@sma.de