EQS-Adhoc: SMA Solar Technology AG: Managing Board raises earnings forecast for current fiscal year

EQS-Ad-hoc: SMA Solar Technology AG / Key word(s): Change in Forecast
SMA Solar Technology AG: Managing Board raises earnings forecast for current
fiscal year

27-Oct-2022 / 15:52 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Niestetal, October 27, 2022 – The Managing Board of SMA Solar Technology AG
(SMA/FWB: S92) has raised its earnings forecast for the fiscal year 2022.
The new forecast predicts operating earnings before interest, taxes,
depreciation and amortization (EBITDA) of €60 million to €75 million
(previously: €10 million to €60 million). As reasons for raising the
forecast, the Managing Board cites the continued high level of incoming
orders and a gradually improving supply of electronic components, which
should lead to a business performance in the fourth quarter that exceeds
previous expectations. In addition, a special effect in the lower
double-digit million euro range from the sale of real estate had a positive
impact on the earnings of SMA in the third quarter. For the operating
earnings before interest and taxes (EBIT), the Managing Board expects a
range of €22 million to €37 million (previously: €–30 million to €20
million). Net cash is expected to amount to around 190 million euros at the
end of the year according to the new Managing Board forecast (previously:
around €175 million). Sales expectations in the current fiscal year were
narrowed by the SMA Managing Board to between €975 million and €1,050
million (previously: €900 million to €1,050 million).

Thomas Pixa
Chief Financial Officer


Information and Explanation of the Issuer to this announcement:

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 120 gigawatts have been installed in more than 190 countries
worldwide. SMA’s multi-award-winning technology is protected by more than
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 and SDAX

SMA Solar Technology AG

Sonnenallee 1

34266 Niestetal


Head of Corporate Communications:

Anja Jasper

Tel. +49 561 9522-2805


Press Contact:

Susanne Henkel

Senior Corporate Communications Manager

Tel. +49 561 9522-1124



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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: info@sma.de
Internet: www.sma.de
Indices: SDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1473817

End of Announcement EQS News Service

1473817 27-Oct-2022 CET/CEST