EQS-News: SMA Solar Technology AG significantly increases sales and earnings in 2022 despite supply shortages and expects positive trend for 2023

EQS-News: SMA Solar Technology AG / Key word(s): Preliminary Results
SMA Solar Technology AG significantly increases sales and earnings in 2022
despite supply shortages and expects positive trend for 2023

09.03.2023 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


SMA Solar Technology AG significantly increases sales and earnings in 2022
despite supply shortages and expects positive trend for 2023

SMA group publishes provisional, non-audited figures for 2022 as a whole and
issues guidance for the 2023 fiscal year

* Sales increase by 8.4% to €1,065.9 million (2021: €983.4 million)

* EBITDA improves significantly from €8.5 million to €70.0 million

* Improved supply situation in second half of 2022

* Incoming orders remain at very high level

* Guidance for 2023: sales of €1,350 million to €1,500 million; EBITDA
between €100 million and €140 million

Niestetal, March 9, 2023 – SMA Solar Technology AG (SMA/ISIN:
DE000A0DJ6J9/FWB: S92) has presented provisional, non-audited figures for
2022 as a whole. The figures report that SMA group sales rose by 8.4% year
on year to €1,065.9 million (2021: €983.4 million) despite pronounced
procurement supply shortages. Earnings before interest, taxes and
depreciation (EBITDA) increased significantly to €70.0 million from €8.5
million in the 2021 fiscal year. This corresponds to an EBITDA margin of
6.6% (2021: 0.9%). The persistently high demand and gradual improvements in
the supply of electronic components were both contributing factors to this
positive performance. Earnings before interest and taxes (EBIT) rose from
−€33.2 million in the 2021 fiscal year to €31.9 million (EBIT margin in
2022: 3.0%; 2021: -3.4%). Inverter output sold in 2022 as a whole was 12.2
GW (2021: 13.6 GW).

The SMA group increased its order backlog again to €2,077.4 million as of
December 31, 2022, compared to €886.6 million at the end of the previous
year. €1,700.7 million of this amount was attributable to product business.
This means that the product-related order backlog more than quadrupled year
on year (December 31, 2021: €408.8 million). Net income rose to €55.8
million (2021: €−23.2 million) and earnings per share increased accordingly
to €1.61 (2021: €−0.67). At €220.1 million, net cash was nearly at the same
level as the previous year (December 31, 2021: €221.7 million). The equity
ratio increased to 41.8% at the end of the reporting year (December 31,
2021: 38.7%). The provisional figures are still subject to the auditor's

“2022 was a turbulent year, but a successful one for SMA,” said SMA CEO
Jürgen Reinert. “The gradually higher availability of electronic components
helped us make considerable progress in improving our ability to deliver in
the second half of the year. We have also worked systematically on making
the company more customer-focused in recent months. We are therefore looking
to 2023 with optimism. However, we have not yet fully overcome the
challenges on the procurement side caused by ongoing supply problems with
individual components.”

Based on this estimate, the Managing Board is anticipating sales of €1,350
million to €1,500 million and EBITDA between €100 million and €140 million
in 2023.

Additional information

SMA will publish its audited Consolidated Financial Statements and the
Annual Report for 2022 on March 30, 2023, and will explain the contents at a
(hybrid) press conference on financial statements at 10:00 a.m. and a
conference call for analysts and investors at 1:30 p.m.

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 more than 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:

Dagmar Buth-Parvaresh

Tel.+49 561 9522 421414


Investor Relations Contact:

Viona Brandt

Tel. +49 175 93 93 320



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 contains 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.


09.03.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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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: 1578139

End of News EQS News Service

1578139 09.03.2023 CET/CEST