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

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

27.10.2022 / 15:59 CET/CEST
The issuer is solely responsible for the content of this announcement.


SMA Solar Technology AG Corporate News

Managing Board of SMA Solar Technology AG raises earnings forecast for
current fiscal year

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).

“Demand for our products and solutions continues to develop very well,
particularly in the Home Solutions and Commercial & Industrial Solutions
segments. As of the end of September we have a product-related order backlog
of more than 1.2 billion euros," said SMA Chief Executive Officer Jürgen
Reinert. “In addition, the supply situation for electronic components is
improving continuously, and we are increasingly able to supply our
customers. The situation should ease further by the end of the year. For the
coming months, we also expect order intake to pick up in the Large Scale &
Project Solutions segment, which has been repeatedly impacted by project
postponements recently, so that we should be able to better utilize our
production capacity than we could so far this year.”

SMA will publish its Quarterly Financial Statement January to September 2022
on November 10, 2022.

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


This corporate news 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

This corporate news 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 www.SMA.de. The company accepts no obligation whatsoever to
update these future-oriented statements or to adjust them to future events
or developments.


27.10.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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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: 1473867

End of News EQS News Service

1473867 27.10.2022 CET/CEST