DGAP-News: SMA Solar Technology AG Sets New Sales Record in 2017 and Reaches Top End of Earnings Guidance - Managing Board Expects Growth in Sales and Earnings in 2018

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

24.01.2018 / 09:22
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

SMA Solar Technology AG - Corporate News

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

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.

"SMA closed the 2017 fiscal year better than originally forecast," explained
SMA Chief Executive Officer Pierre-Pascal Urbon. "We set a new sales record,
in particular due to the strong business in Europe and Asia. All segments
were profitable, and we increased net cash to around EUR450 million thanks
to our positive earnings and the low capital intensity of our business
model. We will use our many years of experience with photovoltaic inverters,
battery-storage systems and energy management to expand into the rapidly
growing energy services business."

The SMA Managing Board expects sales to increase to between EUR900 million
and EUR1.0 billion in 2018. This will be driven mainly by the generally good
market development and in particular by the continued strength of the Asian
and European business and the rising demand for system technology for
storage applications. The Managing Board anticipates EBITDA of between EUR90
million and EUR110 million. This includes expenses of more than EUR10
million for setting up the energy services business. The Managing Board
estimates that depreciation and amortization will amount to approximately
EUR50 million.

"SMA wants to seize the opportunities of the digital transformation in the
energy sector and is in an ideal position to do so," said Urbon. "In the
future, we will be launching numerous innovations and entering into new
strategic partnerships. Our connected solutions help our customers around
the world effectively reduce their electricity costs and contribute to a
sustainable future."

At Capital Markets Day on January 26, the Managing Board will talk about
disruptions in the energy sector, the growth of SMA's addressable market and
SMA's unique positioning and financial performance. The presentation
containing additional information can be found at
www.sma.de/en/investor-relations/publications/presentations.html from
the beginning of the event. SMA will publish the complete consolidated
financial statements for 2017 on March 28, 2018.

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
Germany

Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
Presse@SMA.de

Press Contact:
Susanne Henkel
Manager Corporate Press
Tel. +49 561 9522-1124
Fax +49 561 9522-421400
Presse@SMA.de


Disclaimer:
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
amended.

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.


---------------------------------------------------------------------------

24.01.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

---------------------------------------------------------------------------

Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: info@sma.de
Internet: www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange



End of News DGAP News Service
---------------------------------------------------------------------------

647975 24.01.2018