Managing Board of SMA Lowers the Forecast for Fiscal Year 2013 and Gives Positive Outlook for 2014

SMA Solar Technology AG / Key word(s): Forecast

04.11.2013 13:43

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad hoc notification from SMA Solar Technology AG

Managing Board of SMA Solar Technology AG Lowers the Forecast for Fiscal
Year 2013 and Gives Positive Outlook for 2014

Niestetal, November 4, 2013 - The Managing Board of SMA Solar Technology AG
(SMA/FWB: S92) has decided in an extraordinary meeting held today to lower
the sales and earnings forecast for the fiscal year 2013. The amended
forecast predicts sales of EUR0.9 billion to EUR1.0 billion for the SMA
Group. In addition, the SMA Managing Board expects a loss of EUR80 million
to EUR90 million. Previously, the SMA Managing Board expected sales of
EUR0.9 billion to EUR1.3 billion and in the best case scenario to break
even before one-time items in 2013. The reasons for amending the forecast
are the decline in the European markets, which was stronger than expected,
and the resulting negative sales and earnings of the Medium Power Solutions
division as well as the ongoing restructuring of Zeversolar.

In 2014, the SMA Managing Board expects the group's sales to increase to
between EUR1.0 and EUR1.3 billion and to reach its profitability again.

End of ad hoc notification

Background information on the market and forecast for 2013 and 2014 is
available at In
addition, the SMA Managing Board will inform the capital market within the
scope of an analyst call on Thursday, Nov. 7, 2013.

About SMA
The SMA Group generated sales of EUR1.5 billion in 2012 and is the global
market leader for solar inverters, a key component of all PV plants and,
as an energy management group, offers innovative key technologies for
future power supply structures. It is headquartered in Niestetal, near
Kassel, Germany, and is represented internationally in 21 countries. The
Group employs more than 5,000 people worldwide. SMA's broad product
portfolio includes a compatible inverter for every type of module on the
market and for all plant sizes. The product range includes both inverters
for photovoltaic plants connected to the grid as well as inverters for
off-grid systems. SMA is therefore able to provide ideal technical inverter
solutions for all system sizes and types. 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 also in the TecDAX index. In recent
years, SMA has received numerous awards for excellence as an employer and
achieved first place in the nationwide 'Great Place to Work(R)' competition
in 2011 and 2012 and fourth place in 2013.
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal

Head of Corporate Communications:
Anja Jasper
Tel.: +49 561 9522-2805

Press contact:
Susanne Henkel
Manager Corporate Press
Tel.: +49 561 9522-1124
Fax: +49 561 9522-421400

Contact Investor Relations:
Julia Damm
Manager Investor Relations
Tel.: +49 561 9522-2222
Fax +49 561 9522-2223


This ad hoc notification serves only as information and does not constitute
an offer or invitation to subscribe for, acquire, hold or sell any
securities of SMA Solar Technology AG (the 'Company') or any present or
future subsidiary of the Company (together with the Company, the 'SMA
Group') nor should it form the basis of, or be relied upon in connection
with, any contract to purchase or subscribe for any securities in the
Company or any member of the SMA Group or commitment whatsoever.

This ad hoc notification can contain future-oriented statements.
Future-oriented statements are statements which do not describe facts of
the past. They also include statements about our assumptions and
expectations. These statements are based on plans, estimations and
forecasts which the Managing Board of SMA Solar Technology AG (SMA or
company) has available at this time. Future-oriented statements are
therefore only valid on the day on which they are made. Future-oriented
statements by nature contain risks and elements of uncertainty. Various
known and unknown risks, uncertainties and other factors can lead to
considerable differences between the actual results, the financial
position, the development or the performance of the corporation and the
estimates given here. These factors include those which SMA has discussed
in published reports. These reports are available on the SMA website at The company accepts no obligation whatsoever to update these
future-oriented statements or to adjust them to future events or

04.11.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at and


Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

End of Announcement DGAP News-Service