SMA Sets New Sales Record in 2017 and Reaches Top End of Earnings Guidance - Managing Board Expects Growth in Sales and Earnings in 2018

DGAP-Ad-hoc: SMA Solar Technology AG / Key word(s): Forecast/Preliminary
SMA Solar Technology AG: SMA Sets New Sales Record in 2017 and Reaches Top
End of Earnings Guidance - Managing Board Expects Growth in Sales and
Earnings in 2018

24-Jan-2018 / 09:16 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Niestetal, January 24, 2018-SMA Solar Technology AG (SMA/FWB: S92) closed
the 2017 fiscal year with a sales record of around 8.5 GW (2016: 8.2 GW).
According to provisional estimates by the Managing Board, SMA generated
sales of more than EUR890 million in 2017 (2016: EUR946.7 million). The
earnings before interest, taxes, depreciation and amortization (EBITDA) of
expected more than EUR95 million (2016: EUR141.5 million) are at the top end
of the Managing Board's guidance; the EBIT guidance was surpassed. Net
income is expected to amount to approximately EUR30 million and is therefore
on par with the previous year (2016: EUR29.6 million). SMA has increased its
net cash to an estimated EUR450 million (December 31, 2016: EUR362.0
million). For the 2018 fiscal year, the SMA Managing Board expects sales of
EUR900 million to EUR1.0 billion and anticipates EBITDA of between EUR90
million and EUR110 million. For the first time, EBITDA includes expenses of
more than EUR10 million for setting up the digital business. The Managing
Board estimates that depreciation and amortization will amount to
approximately EUR50 million.

Ulrich Hadding
Chief Financial Officer


Information and Explanation of the Issuer to this News:

About SMA

The SMA Group with sales of around EUR1 billion in 2016 is the global market
leader for solar inverters, a key component of all PV plants. SMA offers a
wide range of products and solutions that allow for high energy yields for
residential and commercial PV systems and large-scale PV power plants. To
increase PV self-consumption efficiently, SMA system technology can easily
be combined with different battery technologies. Intelligent energy
management solutions, comprehensive services and operational management of
PV power plants round off SMA's range. The company is headquartered in
Niestetal, near Kassel, Germany, is represented in 20 countries and has more
than 3,000 employees worldwide, including 500 working in Development. SMA's
multi-award-winning technology is protected by more than 1,000 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 currently the only company in the solar industry that is listed
in the TecDAX index.

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


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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
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange

End of Announcement DGAP News Service

647969 24-Jan-2018 CET/CEST