SMA Releases its 2012 Estimates Following Reduction in Solar Power Subsidies in Germany

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

02.03.2012 13:28

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Ad hoc notification from SMA Solar Technology AG

SMA Solar Technology AG Releases its 2012 Estimates Following Reduction in
Solar Power Subsidies in Germany

2012 estimates:
- EUR1.2 billion - EUR1.5 billion in sales
- 5 percent - 10 percent EBIT margin

Kassel/Niestetal, March 2, 2012 - Due to massive cuts to solar power
subsidies in Europe, the Managing Board of SMA Solar Technology AG
(SMA/FWB: S92) estimates that the global photovoltaic market will
experience subdued growth in 2012.

The Managing Board believes that the radical reduction in subsidies,
particularly in Germany, will lead to lower demand for medium to
large-scale PV plants. At the moment, it cannot be predicted whether Asian
and American markets can fully compensate for the decline.

Since SMA is dependent on the global market, the lower demand will affect
the business growth of SMA. The SMA Managing Board therefore predicts that
sales for the 2012 fiscal year will decline to EUR1.2 billion to EUR1.5
billion with an EBIT margin between 5 percent and 10 percent. 'Based on
information from the Managing Board regarding target profitability, SMA is
above the German electrical industry but below the figures the company
reported from the previous year. Technological innovations alone are not
enough to compensate for such a sudden drop in sales.

The SMA Managing Board predicts an increase in sales in all business areas
over the coming years. However, due to the foreseeable changes in different
incentive programs and the generally high dynamism of global photovoltaic
markets, accurate forecasts are currently not possible.

End of ad hoc notification

Additional Information:
To drive the key technologies of tomorrow, SMA will invest over EUR 100
million in research and development. 'The success of the energy revolution
depends on technologies for managing decentralized energy production and
integrating energy storage solutions. By focusing on strategic areas such
as energy management and grid integration at an early stage, SMA is able to
offer solutions today that can meet the demands of tomorrow,' remarks
Urbon. 'Our expertise allows us to play an active role in ushering in the
global energy revolution. It not only helps us stand apart from the
competition, but also allows us to lower system costs.'

PV plant prices have actually gone down by almost 60 percent since 2008.
According to Mr. Urbon, the lower prices are primarily the result of
technological innovations. 'Today photovoltaics are becoming commercially
competitive and increasingly being used on a global scale. Thanks to our
wide range of high quality and flexible products combined with our
subsidiaries in 19 countries and a tight-knit service network, SMA is
uniquely positioned in the photovoltaic market. In response we will pursue
our internationalization strategy even more aggressively and increase
foreign sales to over 80 percent of total group sales. This will allow us
to significantly reduce our dependence on the German photovoltaic market,'
explains Pierre-Pascal Urbon. 'SMA has the financial strength to take
advantage of future growth opportunities on its own,' says the Speaker of
the Managing Board.

About SMA
The SMA Group generated sales of EUR1.9 billion in 2010 and is the global
market leader for solar inverters, a key component of all PV plants. It is
headquartered in Niestetal, near Kassel, Germany, and is represented in 19
countries on four continents. The Group employs more than 5,300 people
worldwide, including temporary seasonal employees. 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 covers both inverters
for photovoltaic plants connected to the grid as well as inverters for
off-grid systems. Therefore, SMA is able to provide ideal technical
inverter solutions for all plant 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 most recently achieved first place in the nationwide 'Great
Place to Work' competition.

SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal

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

Press contact:
Susanne Henkel
Press Officer
Tel. +49 561 9522-1124
Fax +49 561 9522-531400

Investor Relations contact:
Stephanie Kniep
Director Investor Relations
Tel. +49 561 9522-2222
Fax +49 561 9522-2223

Julia Damm
Investor Relations Officer
Tel. +49 561 9522-1164

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. Securities
may not be offered or sold in the United States of America absent
registration or an exemption from registration under the U.S. Securities
Act of 1933, as amended.
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 executive 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

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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
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

End of Announcement DGAP News-Service